Dubai real estate firm Union Properties said on Tuesday its board had proposed a three per cent, or 0.03 dirham per share, cash dividend and a five per cent bonus share issue for 2014.
It would be the company's first cash divi
Abu Dhabi-based Finance House has approved the payout of 25 per cent cash dividends for the year ended December 31, 2013 to its shareholders.
The decision was announced at the company's Annual General Meeting, said the UAE fir
UAE's integrated telecommunications company du said it has started distributing cash dividends worth 30fils per share cash to its shareholders thus representing an yield of 8.6 per cent..
Announcing this at the company AGM, du
Savola Group, the Saudi Arabia-based food conglomerate, said the company board had approved the distribution of cash dividends worth SR700 ($186.4 million) to the shareholders.
The group operates in three core sectors: the Food sector,
UAE-based National Bank of Fujairah (NBF) said its board has approved the distribution of 39.2 per cent of the 2011 profit as cash dividends to the investors following its solid results.
The NBF had in January reported a 64.4 per
The Dubai Financial Market (DFM) has announced that it will commence the distribution of cash dividends to Tamweel shareholders for the financial year ending December 31, 2011; starting the first week of April 2012.
Tamweel earlier mandat
UAE-based Islamic finance house provider, Tamweel, recently conducted its annual general meeting (AGM) at the Dubai Chamber of Commerce and Industry.
At the meeting, the assembly approved the distribution of a cash dividend of 5 per cent o
Nass Corporation, one of Bahrain's leading industrial and commercial organisations with operations across the Gulf, said its board has approved distribution of 15 per cent cash dividends for its shareholders.
The company board met on M
Egypt's Orascom Telecom will not pay a cash dividend for 2009 as it retains its funds to fight a tax bill in Algeria, the company told the stock exchange on Tuesday after its annual general meeting.
Orascom raised $800 million via a ri
Suez Cement, Egypt's largest listed cement maker, approved a cash dividend of EGP3.3 ($0.599) per share, the stock exchange said on Tuesday.
The firm, a unit of Italy's Italcementi, also approved a EGP3 cash dividend for its subsid