The general assembly of the Dubai Financial Market Company, in its meeting held yesterday, Tuesday, approved the recommendation of the company's board of directors regarding the proposed cash dividends for the year 2021.
The company said in a statement to the stock exchange, today, Wednesday, that the general assembly approved the board of directors' recommendation to distribute cash dividends for the past year at 3% of the capital, with a total amount of 240 million. AED.
The general assembly also agreed to conclude deals for the current year, provided that they do not exceed 30% of the company's capital, and that those deals are presented to the next general assembly for approval.
The company's shareholders agreed to sell 4.24 million treasury shares, which were previously allocated to the company at the public offering in favor of the employee stock options program, and authorized the Board of Directors to implement this decision.
The Dubai Financial Market Company's profits fell last year by 31%, to reach 99 million dirhams, compared to profits in 2020 of 143 million dirhams.
