Abu Dhabi Ship Building AGM approves 10% cash dividend

Dubai:

Abu Dhabi Ship Building (ADSB) said on Monday the general assembly meeting has approved the 10 per cent cash dividends to their shareholders.

The shareholders also approved the Board of Director’s annual report regarding the company’s activities and its financial position for the financial year ended December 2016, the company said in a statement posted on Abu Dhabi Securities Exchange.

The shareholders also approved the proposed remunerations for the Board of Directors pegged at Dh2 million for the financial year ended December 2016.