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Dubai Investments recommends AED 425.2m dividend for 2019

Dubai Investments recommends AED 425.2m dividend for 2019
The proposal is still subject to shareholder approval
Dubai Investments
DIC
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Dubai – Mubasher: The board of directors of Dubai Investments recommended a cash dividend distribution of 10% of the company’s capital or 10 fils per share for 2019.

The total proposed dividends amounted to AED 425.2 million for the year ended 31 December 2019, the company said in a bourse statement on Thursday.

The proposal is still subject to shareholder approval in the ordinary general meeting (OGM) on 13 April.

It is worth mentioning that the company’s net profits attributable to the company’s owners grew to AED 657.5 million during 2019, compared to AED 651.4 million in the prior year.