Abu Dhabi – Mubasher: The National Corporation for Tourism and Hotels’ (NCTH) board of directors has recommended distributing a cash dividend worth 10 fils per share, representing 10% of the share’s nominal value, to shareholders for the year ended 31 December 2018.
The board also proposed distributing bonus shares of paid-up capital or 5% at 5-for-100 basis bonus, the company said in a statement to the Abu Dhabi Securities Exchange (ADX).
The company’s capital amounts to AED 748.44 million, divided into 748.44 million shares at a fair value of AED 1 a share.
NCTH will pay total dividends of AED 74.84 million, according to Mubasher’s statistics.
During the full-year 2018, NCTH reported a 3.25% year-on-year drop in profits, logging AED 100.5 million ($27.37 million), versus AED 103.8 million ($28.26 million).
