Sharjah Insurance recommends 7% cash dividends

The distribution of cash dividends stands at 7 fils per share

  

Abu Dhabi – The board of Sharjah Insurance Co proposed to distribute cash dividends to shareholders for 2019.

The recommended dividends stand at 7 fils per share, or 7% of the capital, with a total value of AED 9.63 million, according to the company’s disclosure to the Abu Dhabi Securities Exchange (ADX).

It is noteworthy to mention that in April 2019, the company’s ordinary general meeting (OGM) has approved distributing cash dividends of 7 fils per share, representing 7% of the share’s nominal value, for the year ended 31 December 2018.

Source: Mubasher

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