24.03.2015, 10:52
Arig Pays Dividend of 5% for 2014 Financial Year
OREANDA-NEWS. Arig Pays Dividend of 5% for 2014 Financial Year.
After declaring Net Profits of US\$ 15.6 million for the 2014 Financial Year, representing a 6.1% average return on the company’s equity, shareholders today approved a 5% cash dividend during the company’s 34th Annual General Shareholders Meeting. The dividend carries a monetary value of US\$ 9.9 million.
About Arig
Arig is one of the largest Arab-owned, professional reinsurance providers in the Middle East and Africa. Arig is listed on the stock exchanges in Bahrain and Dubai and offers a wide range of reinsurance products and services. Arig’s subsidiaries include Takaful Re (Dubai), Gulf Warranties (Bahrain) and Arig Capital Ltd. (UK).
After declaring Net Profits of US\$ 15.6 million for the 2014 Financial Year, representing a 6.1% average return on the company’s equity, shareholders today approved a 5% cash dividend during the company’s 34th Annual General Shareholders Meeting. The dividend carries a monetary value of US\$ 9.9 million.
About Arig
Arig is one of the largest Arab-owned, professional reinsurance providers in the Middle East and Africa. Arig is listed on the stock exchanges in Bahrain and Dubai and offers a wide range of reinsurance products and services. Arig’s subsidiaries include Takaful Re (Dubai), Gulf Warranties (Bahrain) and Arig Capital Ltd. (UK).
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