Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Abu Dhabi National Insurance Company (ADNIC) has approved a cash dividend distribution, equivalent to 35% of the share nominal value, for 2020.

The cash dividend payout stands at AED 0.35 per share, aggregating at a total amount of AED 199.5 million, according to a bourse filing on Tuesday.

It is noteworthy to mention that in 2020, the company’s net profits hiked by 30.5% to AED 370.996 million from AED 284.25 million in 2019.