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NIC approves distributing 15% stocks dividends and 22.5% cash dividends for the year 2020

2021-04-04

The general assembly of the National Insurance Company NIC approved in its meeting in 01/04/2021, raising the paid-up capital from $15.00 million to $17.25 million through distributing 15% stocks dividends for the year 2020. It also approved raising the subscribed capital to $20.00 million. In addition, the general assembly approved distributing 22.5% cash dividends for the year 2020, to record dividends yield of 4.59% based on the price on the entitlement date.