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Sun 1 Mar 2009 03:00 PM

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Abu Dhabi Finance House to pay 100% cash dividend

UAE finance firm plans to distribute 25% more cash dividend than it paid last year.

Abu Dhabi-listed Finance House said on Sunday it plans to distribute 100 percent cash dividend later this week, 25 percent more than it paid last year to shareholders.

The extraordinary general meeting (EGM) ratified a proposal to pay 100 percent cash dividend on March 5, a senior official of Finance House told Reuters. The dividend payout will total 200 million UAE dirhams ($54.45 million).

Finance House paid 75 percent cash dividends last year. (Reuters)

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