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Oman Insurance recommends 10% annual dividends

Oman Insurance recommends 10% annual dividends
OIC’s capital amounts to AED 461.87 million (Photo Credit: Arabianeye-Reuters)
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Dubai – Mubasher: Oman Insurance Company’s (OIC) board proposed to pay 10% cash dividends, equivalent to 10 fils per share, according to a bourse filing.

The recommend dividends stood at a total value of AED 46.19 million.

The company’s capital amounts to AED 461.87 million, distributed on 461.87 million shares at AED 1 per share.

The shareholders will hold their ordinary general meeting (OGM) on 21 March to discuss the proposed dividends.