Salama’s shareholders agree on 3% dividends for H1-20

Salama’s shareholders agree on 3% dividends for H1-20

The shareholders set 21 October as the last entitlement date













14 October 2020 03:42 PM





























Dubai - Mubasher: The ordinary general meeting (OGM) of Islamic Arab Insurance Company (Salama) has approved the board's proposal to distribute cash dividends, equivalent to 3% of the share nominal value, for the first half (H1) of 2020.





The cash dividend distribution stands at AED 0.03 per share, aggregating at a total amount of AED 35.65 million, according to the company's disclosure to the Dubai Financial Market (DFM) on Wednesday.





During the meeting, the shareholders set 21 October as the last entitlement date and 22 October as the ex-dividend date.





It is noteworthy to mention that in the first half (H1) of 2020, Salama reported net profits of AED 47.05 million, compared to AED 33.33 million in the same period of 2019.