Abu Dhabi – Mubasher: Waha Capital’s ordinary general meeting (OGM) approved a proposal to increase its cash dividends for 2017 to 17.5% of the stock par value, totalling AED 321.74 million, from 15%.

The company’s capital amounts to AED 1.944 billion divided into 1.944 billion shares, with a par value of AED 1 per share, the Abu Dhabi-listed company released on Monday.

Waha Capital’s profit skyrocketed 710.8% year-on-year during the fourth quarter of 2017.

In February, the Emirati firm’s chairman Hussain Jasim Al Nowais stated that the company saw a very productive and stable year in 2017.