Arabtec Scraps Cash Portion Of 2013 Dividend For More Stock
Now Reading
Arabtec Scraps Cash Portion Of 2013 Dividend For More Stock

Arabtec Scraps Cash Portion Of 2013 Dividend For More Stock

The company had earlier proposed a cash dividend of Dhs0.1 ($0.03) per share plus bonus shares worth 30 per cent of its share capital.

Gulf Business

Dubai builder Arabtec has scrapped plans for a cash dividend to shareholders for 2013 and raised its stock dividend to 40 per cent at the annual shareholder meeting on Wednesday.

The company’s board had earlier proposed a cash dividend of Dhs0.1 ($0.03) per share plus bonus shares worth 30 per cent of its share capital.

Arabtec had given no dividend in 2012.


© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top