RAK White Cement proposes 5% cash dividends for FY19

Recommended to distribute 5% of the capital as cash dividends for 2019.

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

All Rights Reserved - Mubasher Info © 2005 - 2020 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.

More From Construction