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Al Ramz’s shareholders nod to AED 33m dividends for 2017

Al Ramz’s shareholders nod to AED 33m dividends for 2017
The approved dividends account for 6% of the company’s capital

Dubai – Mubasher: Al Ramz Corporation Investment and Development’s ordinary general meeting approved the distribution of AED 33 million in cash dividends for 2017, with a per-share dividend of AED 0.06.

The approved dividends account for 6% of the company’s capital, according to a statement to the Dubai Financial Market (DFM) released on Tuesday.

Al Ramz posted a 3.6% increase in its net profit during 2017, registering AED 60.82 million versus AED 58.69 million a year earlier.