Dubai-Mubasher: Emirates Integrated Telecommunications Company (du) announced on Tuesday that its ordinary general meeting (OGM) will be held on 29 March.
The OGM will discuss a proposal to pay cash dividends at 20% of the share’s par value or 20 fils per share, according to a bourse filing.
Total cash dividends for the fiscal year 2015 reached 43%, as shareholders approved distributing quarterly cash dividends at 23 fils earlier in September 2015.
The UAE telecom provider’s net profit declined in 2015 by 8% to AED 1.941 billion ($528.42 million).
Net profit grew in the fourth quarter of 2015 by 8% to AED 462 million ($125.8 million).
Du share dropped 0.48% to AED 6.20 ($1.69) in today’s session.
