Dubai - Mubasher: The board of Islamic Arab Insurance Company (Salama) is considering a distribution of special cash dividends of 5.25 fils per share.

This proposal was made following the company's sale of four million shares held in the capital of Salama Cooperative Insurance Co KSA, according to the company's disclosure to the Dubai Financial Market (DFM) on Tuesday.

It is noteworthy to mention that in late August, Salama has generated AED 39.45 million net profit from the sale of 4.5 million shares out of 7.5 million shares in the capital of Salama Cooperative Insurance Company, a Saudi joint-stock company.