Monday, Mar 10, 2008
BEIRUT (Zawya Dow Jones)--Jordan's Arab International Hotels Co.(AIHO.AJ), or AIHC, said Monday its board has proposed a dividend payout of 3 million Jordanian dinars ($4.23 million), or 12% of paid-up capital.
AIHC, which owns and operates the Amman Marriott Hotel and other hotels, resorts and subsidiaries in Jordan, will pay a dividend per share of JOD0.12, according to Zawya Dow Jones calculations.
In February, AIHC reported a less than 1% increase in its 2007 full-year net profit at JOD3.48 million from a year earlier.
AIHC said its shareholders will hold an annual meeting on April 30 but it didn't give additional details in a statement on the Amman bourse Web site.
-By Shikrallah Nakhoul, Zawya Dow Jones, +961 1 985757, shikrallah@zawya.com
Copyright (c) 2008 ABQ Zawya Ltd.
(END) Dow Jones Newswires
10-03-08 1400GMT
