Abu Dhabi, Mar 12th, 2013 (WAM)-- Waha Capital PJSC (ADX: WAHA), board of directors has recommended distribution of a dividend to shareholders of 6% of its paid-up share capital (i.e. 6 fils per share).
The meeting presided over by Waha Capital Chairman, Hussein Jassim Al Nowais, yesterday considered and approved the company?s audited financial statements for 2012, as well as its 2012 corporate governance report. The dividend will have to be approved by shareholders at the company's annual general meeting (AGM), says a company statement. The Board further proposed holding the company's AGM on 4th of next month at 3:00 pm, at a venue to be determined in Abu Dhabi. Shareholders will consider and vote on the company?s financial statements, proposed dividend, and confirmation of Board remuneration packages, as well as the appointment of the company?s auditors. The full AGM agenda will be released as soon as it is approved by the Securities and Commodities Authority (SCA). Waha Capital reported earlier a net profit of AED 214.44 million for the 2012 financial year, with a net profit of AED 183.47 million in the fourth-quarter, a 97.3 per cent increase over the same period in 2011. The value of Waha Capital?s assets stood at AED 4.44 billion as at 31 December 2012, compared with AED 4.20 billion a year earlier.Copyright Emirates News Agency (WAM) 2013.
