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Salama board proposes 3 fils/shr dividends for first time

Salama board proposes 3 fils/shr dividends for first time
The company's board approved to buy back no more than 10% of shares
SALAMA
SALAMA
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Dubai – Mubasher: The board of Islamic Arab Insurance Company (Salama) has recommended distributing 3 fils per share cash dividends for 2019 for the first time since the company's IPO.

During a meeting held on Wednesday, 25 March, the board has approved to buy back no more than 10% of the company's shares, according to a recent statement to the Dubai Financial Market (DFM).

It is noteworthy to mention that in 2019, the company saw AED 54.748 million net profits attributable to the shareholders, compared to AED 2.039 million in 2018.