Abu Dhabi – Mubasher: The board of Al Khazna Insurance Co. (AKIC) recommended Sunday the withholding of dividends for the fiscal year 2014.
The dividend freeze proposal will be discussed in the upcoming ordinary general meeting scheduled for 23 April.
The company reported a 57% drop in losses for 2014, down to AED 68.44 million ($18.63 million) from AED 162.87 million ($44.34 million) in 2013.
