Watania's shareholders approve 7.5% dividends for 2020

Payment date within one month from the OGM

  
A trader talks on the phone during the opening of the Dubai stock market June 26, 2016. Image for illustrative purpose

A trader talks on the phone during the opening of the Dubai stock market June 26, 2016. Image for illustrative purpose

REUTERS/Ahmed Jadallah
Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of National Takaful Company (Watania) has approved a cash dividend distribution, equivalent to 7.5% of the company's share capital, for 2020.

The cash dividend payout aggregates at a total amount of AED 11.25 million, according to the company's disclosure to the Abu Dhabi Securities Exchange (ADX) on Sunday.

During the meeting, the shareholders have set the last entitlement date on 14 April and the payment date within one month from the OGM.

It is noteworthy to mention that in 2020, the net profits of Watania jumped by 40.3% to AED 18.429 million, compared to AED 13.132 million in 2019.

Source: Mubasher

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