Dubai – Mubasher: Aramex on Monday announced that its shareholders had approved a cash dividend distribution of 16.3% for 2017 during an ordinary general meeting (OGM) held the previous day.

The total value of the dividends amounts to AED 238.7 million, Aramex said in a filing to the Dubai Financial Market (DFM).

The last entitlement date for Aramex’s dividends is 16 April, whereas the ex-dividend date is 17 April, the company said, noting that the register closing date is 18 April.

The OGM also reviewed and approved the company’s results and the auditor’s report for the year ended 31 December 2017. It further approved AED 4.410 million in remunerations for its board members for 2017.

DFM-listed Aramex last reported a net profit of AED 435.4 million for 2017, registering an increase from AED 426.6 in the year before. The company’s revenues grew 9% to AED 4.72 billion last year from AED 4.34 billion in 2016.