Saudi Arabia's Yanbu National Petrochemical Co (Yansab) has proposed a cash dividend of SR1.5 ($0.4) per share for the second half of the year, it said in a statement.
The figure is lower than the SR2 riyals per share paid in
Emaar Properties, Dubai's largest listed developer, said its shareholders have approved a special cash dividend totalling Dh9 billion ($2.45 billion).
The dividend, which was approved at the firm's ordinary general meeting, was
British Airways owner IAG laid out plans to pay a maiden dividend, coming of age three years after it was created in a merger between BA and Spain's Iberia.
International Airlines Group said it was confident of increasing prof
Saudi Arabia's Savola Group said it would distribute a third-quarter dividend of SR0.75 ($0.2) per share.
The dividend was split between a SR0.5 a share ordinary dividend and a SR0.25 a share exceptional dividend after the com
The National Bank of Abu Dhabi (NBAD) has launched its NBAD Shariah Mena Dividend Leader Fund, which will invest in select dividend-paying companies traded on the most promising Mena equities markets.
The fund has been inspired by
Budget airline easyJet signalled confidence in future growth by lifting its dividend payout ratio to 40 per cent and adding 27 new planes to its fleet through exercising rights held with Airbus.
The company, Europe's second largest
Fixed-line monopoly Telecom Egypt posted $142.66 million in net profit in the second quarter and said on Wednesday it hoped to obtain a unified landline and mobile license soon allowing it to boost earnings further.
The net profit
The National Bank of Abu Dhabi’s (NBAD) Mena Dividend Leader Fund has been voted ‘Newcomer Fund of the Year 2013’ by Zawya at the Mena Asset Management Conference and Awards 2014 held in Dubai recently.
Egypt's president has approved a law imposing a new 10 per cent tax on capital gains and stock dividends, as the country seeks to revive an economy battered by more than three years of political turmoil.
The tax applies to div
Etihad Etisalat (Mobily) has announced that its board of directors, at a meeting held yesterday (April 30), decided the distribution of SR962.5 million ($256.6 million) as interim cash dividend for the first quarter of 2014.