Abu Dhabi — Mubasher: Emirates Driving Co (Drive) on Sunday announced that its board of directors recommended the distribution of cash dividends for the full-year 2018.

The company noted that its board proposed the payment of AED 0.60 per share, representing 60% of the paid up capital of AED 53.871, according to a statement to the Abu Dhabi Securities Exchange (ADX).

The total dividends for 2018 will amount to AED 53.87, according to Mubasher’s statistics.

This proposal is submitted to the 2018 General Assembly meeting for approval, Drive added.

Drive's capital stands at AED 89.79 million, distributed over 89.97 million shares at a par value of AED 1 a share.