Friday 18 April 2014
 
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dividend

Arabtec AGM to discuss dividend, projects

Arabtec Holding, a leading engineering group, will hold its Annual General Meeting (AGM) in Abu Dhabi on April 30, where it will review the proposed distribution of 40 per cent dividends, 10 per cent in cash and 30 per cent in bonus shares.

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Sabic to pay $2.3bn in cash dividend for H2

Saudi Basic Industries Corp (Sabic) has approved its board’s recommendation to distribute SR9 billion ($2.3 billion) in cash dividends at SR3 per share for the second half of last year.   Shareholders regis

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NBAD fund delivers 3.4pc dividends

The National Bank of Abu Dhabi’s (NBAD) Cautious Income Fund will pay to its investors a semi-annual distribution equal to 3.4 per  cent of the net asset value (NAV) unit of 5.3615. The Fund has earned a total income of

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Reem Investments posts $41m profit

Reem Investments, an Abu Dhabi-based investment company, posted Dh152 million ($41.3 million) in net profit for last year.   Abdulhamid M Saeed, managing director, told the recent annual general meeting: “R

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ADIB to pay out half of profit as dividend

Abu Dhabi Islamic Bank (ADIB), a top-tier Islamic financial services institution, announced the distribution of 30.66 per cent cash dividends, which represent 50 per cent of full year net profits for 2013. The bank will also issue

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UDC approves 10pc cash dividend

United Development Company (UDC), a leading Qatari shareholding company and the master developer of The Pearl-Qatar, has approved the distribution of 10 per cent cash dividend to its shareholders.   It also annou

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BKIC declares 30pc dividend

Bahrain Kuwait Insurance Company (BKIC) shareholders have been awarded cash dividend of 30 per cent based on the company's financial results for last year, a report said. The dividend of 30 fils per share amounts to BD2.14 mil

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Gulf Hotels profit hits record $28m

Bahrain-based Gulf Hotels Group has announced a net profit of BD10.460 million ($27.6 million) for last year, the highest since the company's inception. The results were announced at the company's board meeting yesterday w

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NBO to pay 15pc cash dividend

National Bank of Oman's (NBO) board of directors has recommended the lender pay a 2013 dividend of 15 per cent cash and 10 per cent in bonus shares, according to a bourse filing on on Wednesday. For 2012, NBO paid a cash divid

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Safco to pay $1.6 per share cash dividend

The board of Saudi Arabia Fertilizers Co (Safco) has recommended the firm pay a cash dividend of six riyals ($1.60) per share for the second half of 2013, a bourse filing said on Tuesday. This is in line with the dividend paid for

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