Abu Dhabi – Mubasher: National Marine Dredging (NMDC) on Wednesday revealed that its board has recommended distributing a cash dividend of 22 fils per share, or 22% of the share’s par value, for the year ended 31 December 2018.

Total cash dividends amounted to AED 55 million, the company said in a filing to the Abu Dhabi Securities Exchange (ADX).

It is worth noting that NMDC last reported a net profit of AED 123.088 million in 2018, compared with AED 101.132 million in the year before.