Dubai National Insurance's OGM approves 30% dividends

Company's net profits declined

  
Electronic boards showing stock information are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. Image used for illustrative purpose

Electronic boards showing stock information are pictured at the stock market, in Dubai, United Arab Emirates, November 5, 2020. Image used for illustrative purpose

REUTERS/Abdel Hadi Ramahi
Dubai – Mubasher: The ordinary general meeting (OGM) of Dubai National Insurance and Reinsurance (DNIR) has approved cash dividend distribution, equivalent to 30% of the company's paid-up share capital.

The cash dividend distribution aggregates at a total amount of AED 34.65 million, according to the company's disclosure to the Dubai Financial Market (DFM) on Wednesday.

It is noteworthy to mention that in 2020, the company's net profits reduced to AED 55.073 million from AED 58.085 million in the previous year.

Source: Mubasher

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