Dubai Investments has proposed paying a 12 per cent cash dividend for 2015, it said in a statement on Wednesday.

The proposal, put forward by the board of directors for approval by shareholders, compares with a dividend for 2014 of 12 per cent cash and 6 per cent bonus shares.

The conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5 per cent stake, last month reported a 2.6 per cent rise in fourth-quarter net profit. - Reuters