Dubai-based global real estate developer Emaar Properties has proposed a cash dividend of 15 per cent to shareholders following a robust performance in 2016 which saw its net profit soar to Dh5.233 billion ($1.42 billion).
Germany's Commerzbank will cut more than a fifth of its workforce and suspend its dividend as it tackles the challenges of low interest rates, weak profits and the shift to online banking.
Germany's second biggest lender s
Microsoft Corp on Tuesday raised its quarterly dividend by 8 per cent and said it would buy back up to $40 billion as part of a new share repurchase programme.
The company raised its dividend to 39 cents per share, up 3 cents from
Bahrain-based Investcorp, a global manager of alternative investment products, has posted a net income of $90.1 million for the year ended June 30 compared with $116.7 million in the previous year, marking a decline of 23 per cent.
Reem Investments, a leading investment company in Abu Dhabi, has posted a net profit of Dh211 million ($57.4 million) for the financial year 2015.
It was announced at the recently concluded annual general meeti
Ahli United Bank has approved the distribution of a cash dividend of 18 per cent (4.5 cents per share) together with bonus shares of five per cent for shareholders at its recently held Annual General Meeting and the Extraordinary General Meeti
Bahrain Cinema Company (Cineco) shareholders have approved the distribution of a cash dividend of 50 per cent of the paid-up capital, the equivalent of 50 fils per share, following the approval of the Central Bank of Bahrain.
Abu Dhabi-based Waha Capital, a leading investment company, approved a cash dividend of 20 per cent for eligible shares at the company’s Annual General Meeting held yesterday (March 23) in the UAE capital.
Hussain Jasim Al N
Bahrain Commercial Facilities Company (BCFC) shareholders have approved a cash dividend of 45 per cent (45 fils) of the paid up capital of BD7.2 million ($19.09 million), unchanged from 2014, said a report in the Gulf Daily News (GDN),
Securities and Investment Company (Sico), a conventional wholesale bank in Bahrain, has approved the distribution of a cash dividend of BD2.1 million ($5.6 million) for last year.
It represents five per cent of