5th Apr 2011 07:00
27 March 2011
Arig Pays Dividend of 7.5% for 2010 Financial Year
Manama: After declaring Net Profits of US$ 20.8 million for the 2010 Financial Year, representing a 7.9% average return on the company's equity, shareholders today approved a 7.5% cash dividend during the company's 30th Annual General Shareholders Meeting. The dividend carries a monetary value of US$ 14.9 million.
The General Assembly also elected members of the Board of Directors for the next three years. Mr. Khalid Al Bustani was re-elected as Chairman and Mr. Khalid Bin Kalban as Vice Chairman.
For swift expedition of the dividends, shareholders should register at the company's Internet portal located at www.arig.net
About Arig
Arig is one of the largest Arab-owned, professional reinsurance providers in the Middle East and North Africa. Arig is listed on the stock exchanges in Bahrain, Dubai and Kuwait and offers a wide range of reinsurance products and services. Arig's subsidiaries include Takaful Re (Dubai), Gulf Warranties (Bahrain) and ARIMA Insurance Software (Bahrain) and Arig Capital Ltd, UK. Arig is also an equal partner in the joint venture Hardy Arig Insurance Management (HAIM). Additional information about Arig can be obtained at www.arig.net
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