29th Mar 2007 14:18
Arab Insurance Group (B.S.C.)29 March 2007 Date: 29 March 2007 Arig Shareholders Approve Dividend Distribution Of US$ 22 Million Manama: Arab Insurance Group's (Arig) shareholders approved a 10% cash dividendat the company's 26th Annual General Assembly Meeting held in Bahrain today.Shareholders will receive a US$ 22 million payout following another year ofstrong performance, during which Arig posted net profits of US$ 30.4 million,representing a 10.7% average return on equity. Citing that the company was happy to have achieved a respectable result in ahighly competitive marketplace, the Board and Management of Arig expressed theirdetermination to continue letting shareholders participate in the value createdfrom its operations. In 2006, Arig had released a 5% cash dividend and 10% ofits paid-up capital as bonus shares. ***************** This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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