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Wed 16 Mar 2016 09:37 AM

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Dubai Investments proposes 12% cash dividend for 2015

Conglomerate last month reported a 2.6% rise in fourth-quarter net profit

Dubai Investments proposes 12% cash dividend for 2015

Dubai Investments has proposed paying a 12 percent cash dividend for 2015, it said in a statement on Wednesday.

The proposal, put forward by the board of directors for approval by shareholders, compares with a dividend for 2014 of 12 percent cash and 6 percent bonus shares.

The conglomerate, in which sovereign fund Investment Corp of Dubai owns an 11.5 percent stake, last month reported a 2.6 percent rise in fourth-quarter net profit.

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