Dubai – The ordinary general meeting (OGM) of Alliance Insurance has approved cash dividend distribution, equivalent to 30% of the company's paid-up capital.

The cash dividend payout stands at 30 fils per share, aggregating at a total amount of AED 30 million, according to the company's disclosure to the Dubai Financial Market (DFM) on Tuesday.

It is noteworthy to mention that in 2020, the company's net profits plunged by 25% to AED 10.3 million from around 13.5 million in 2019.

Source: Mubasher

All Rights Reserved - Mubasher Info © 2005 - 2021 Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.