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Orient Insurance shareholders to discuss AED100 million dividend distribution March 4

2019-02-10 10:26:45 GMT (Economies.com)
Orient Insurance shareholders to discuss AED100 million dividend distribution March 4
 

Orient Insurance Company will hold an ordinary general assembly meeting on Monday, March 4, to discuss the proposed dividend payout for the fiscal year 2018 at 20% of capital, or AED 100 million.

The company posted a 11% rise in net profit for the fiscal year ended December 31, 2018 to AED 401 million, compared with AED 360 million a year ago.

Technical profit rose to AED 237 million, compared with AED 215 million. Shareholder equity amounted to AED 2.52 billion, compared with AED 2.79 billion in FY17.

Assets amounted to more than AED 7 billion in FY18, compared with AED 6.6 billion in FY17.

The company earlier paid dividends at 20% of capital, or AED 100 million for FY17.
 
 
 
  Symbol Last Change Chg.%
1.1080
-0.0018
0.1631%
1.2128
-0.0026
0.2156%
16.869
-0.235
1.376%
56.135
1.335
2.436%
59.74
1.10
1.88%
1495.845
-16.420
1.086%
 
 
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