Finance House says plans for cash dividend distribution approved

Dubai:

Finance House said the UAE Central Bank has approved the distribution of cash dividends amounting to 10 per cent of the company’s capital for the fiscal year ending on December 31, 2015.

The dividends will be distributed to all shareholders, and accordingly, the company will submit a request to the Securities and Commodities Authority to approve the annual general assembly meeting due to be held on April 18, it said in a statement posted on Abu Dhabi Securities Exchange’s website.