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MIC proposes distributing 27.27% stocks dividends and 2.50% cash dividends for the year 2021

2022-03-22

The board of directors of Al-Mashriq Insurance Company MIC proposed to the general assembly, which will be holding a meeting on 05/04/2022, raising the paid-up capital from $5.50 million to $7.00 million through distributing 27.27% stocks dividends for the shareholders for 2021. It also proposed distributing 2.50% cash dividends for the year 2021, to record dividends yield of 0.77% based on the current market price.