RAK Ceramics set to distribute 2017 dividends
RAS AL KHAIMAH, March 1, 2018
RAK Ceramics, one of the world's largest ceramics’ brands based in Ras Al Khaimah, UAE, has announced that the company’s shareholders have approved the board’s dividend payment recommendation of Dh0.25 per share with five per cent bonus shares.
The approval was given at its Annual General Meeting held recently at the Hilton Conference Centre in Ras Al Khaimah.
RAK Ceramics will begin trading ex-dividend on March 8. A cash dividend payment is scheduled to be paid within one month of the company’s AGM and shareholders who purchased the company's stocks prior to the ex-dividend date are eligible for the cash dividend payment, said the company in a statement.
The dividend payment represents an 67 per cent increase over the previous years, it added.-TradeArabia News Service
