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Al Fujairah National Insurance’s OGM nods to 10% dividends for 2021

Al Fujairah National Insurance’s OGM nods to 10% dividends for 2021
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AFNIC
AFNIC
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Abu Dhabi - Mubasher: The ordinary general meeting (OGM) of Al Fujairah National Insurance Company has given its green light for cash dividends representing 10% of the capital for 2021.

The insurer will pay out a total cash dividend of AED 13.31million, according to a bourse disclosure on Monday.

It is worth noting that Al Fujairah registered net profits worth AED 16.70 million last year, lower than AED 36.93 million in 2020.