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Waha Capital shareholders nod to AED137.9 million dividend distribution

2019-03-25 10:48:58 GMT (Economies.com)
 

Waha Capital on Monday announced that its shareholders approved the distribution of cash dividends at AED 137.888 million, or 7.5 fils per share, representing 7.5% of capital, for the fiscal year 2018, , according to a bourse statement.

 

The company had distributed 17.5 fils per share, or 17.5% of capital for the fiscal year ended on December 31, 2016.

 

The company earlier posted a 66% decline in net profit for the fiscal year ended December 31, 2018 to AED 145 million, compared with AED 425.9 million in FY17.

 

FY18 total income fell to AED 823.2 million, from AED 1.154 billion in the year-ago period.

 

Net profit for the first nine months of 2018 amounted to AED 295.1 million, up 10.2% year-on-year from AED 267.8 million.

 
 
 
  Symbol Last Change Chg.%
1.1602
0.0032
0.2789%
1.3746
0.0118
0.8637%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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