The board of directors of the Islamic Arab Insurance Company (SALAMA) recommended distributing cash dividends to the shareholders of the company by 3% of the capital equivalent to 3 fils per share, for the first half From 2020.
The company said in a statement to the stock exchange today, Thursday, that the total value of the proposed profits to be distributed to shareholders is estimated at 36.3 million dirhams, noting that Salama's capital is about 1.21 billion dirhams.
and Salameh confirmed that the distribution proposal is subject to the approval of the Emirates Securities and Commodities Authority in addition to the approval of the company's general assembly.
The company’s general assembly agreed last May to recommend a 3% cash dividend for the year 2019 of 3 fils per share, for a total amount of 35.65 million dirhams. / p>
The company achieved profits of 39.92 million dirhams in the first half of this year, compared to 32.4 million dirhams for the same period in 2019, an increase of 23.2%. / p>
(Amazon Fun Knowledge)
