Al Mazaya to distribute cash dividend of 8% on April 16

Dubai: Al Mazaya said on Sunday it plans to distribute 8 per cent cash dividends on April 16.

The payment of 8 fils per share would be made to shareholders in the company as of March 28, the company said in a statement posted on Dubai Financial Market’s website.

Al Mazaya provides various comprehensive real estate products and services in several fields, housing projects among others.

The company was established in 1998 and started operation as Al Mazaya Holding Company in 2004 with a paid up capital of 15 million Kuwaiti dinars.