Sharjah Group proposes 4% cash dividend

Dubai:

Sharjah Group said on Monday its board has proposed a cash dividend of 4 per cent at its meeting held on February 19.

The total payout for dividend would be Dh3.15 million, the company said in a statement posted on Abu Dhabi Securities Exchange’s website.

The company reported a 28 per cent rise in net profit of Dh19.6 million. Revenues rose 10 per cent at Dh16.05 million.