By: Ramy Sameeh
Abu Dhabi – Mubasher: Abu Dhabi Aviation Company’s shareholders agreed on Tuesday on raising cash dividends for the fiscal year 2015 to 17 fils per share from 15 fils per share, as proposed by the board of directors.
The approved cash dividends are equivalent to 17% of the company’s capital, totalling AED 75.61 million ($20.58 million), according to figures calculated by Mubasher.
During the company’s ordinary general meeting (OGM), shareholders also adopted the board’s report, balance sheet and profit and loss account for the fiscal year 2015.
Abu Dhabi Aviation’s profits rose in 2015 by 13.6% to AED 277.8 million ($75.63 million) from AED 244.7 million ($66.62 million) in 2014.
The OGM earlier approved cash dividends worth AED 53.4 million ($14.5 million) for the fiscal year 2014.
Translated by: Elwy el-Manzalawy
