Sharjah Insurance's shareholders approve 7% dividends for 2020

Cash dividend distribution aggregates at a total amount of $2.6mln

  
An investor is seen at the Dubai International Financial Market, in Dubai, UAE April,16, 2018.

An investor is seen at the Dubai International Financial Market, in Dubai, UAE April,16, 2018.

REUTERS/Satish Kumar

Abu Dhabi: The ordinary general meeting (OGM) of Sharjah Insurance Co has approved distributing cash dividends, equivalent to 7% of the paid capital for 2020.

The cash dividend distribution aggregates at a total amount of AED 9.625 million, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday.                

The shareholders have set the last purchasing date on 25 April and the payment date within 30 days from the OGM date.

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