Al Ramz approves dividend distribution of 6%

21/03/2018 07:46 AST

Al Ramz Corp said its general assembly has approved a dividend distribution of 6 per cent of the capital.

The distribution represents more than 50 per cent of the net profits achieved for the year and a 20 per cent increase on the dividends distributed in 2016. The company posted a net profit of Dh60.8 million in 2017 compared to Dh58.7 million in the year before period. It's assets grew by 26 per cent over 2016.


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Based on the approval of the Securities and Commodities Authority (SCA), the Dubai Financial Market (DFM) said trading of shares of Dubai Development Company will be resumed on November 19.

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