Abu Dhabi – Mubasher: The board of Ras Al Khaimah Co. for White Cement and Construction Materials (RAK White Cement) recommended to distribute 5% of the capital as cash dividends for 2019.
The distribution of cash dividends stands at 5 fils per share, amounting to AED 25 million, according to the company’s disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday.
It is noteworthy to mention that in 2019, the company logged AED 19.406 million net profits, compared to AED 13 million in 2018.
Source: Mubasher
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