08/03/2016 05:57 AST

National Marine Dredging Co said its board has recommended to pay a dividend of 50 per cent dividend or 50 fils per share for 2015.

This would result in an outgo of Dh250 million, the company said in a statement posted on Abu Dhabi Securities Exchange's website. The shareholders' meeting is scheduled to be held on 19 April, it added.

National Marine Dredging shares closed nearly 15 per cent higher at Dh5.23.


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Ticker Price Volume
NMDC Sector Market
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PAPER 175.00 -7.00 (-3.85%)
ALPHADHABI 11.44 0.26 (2.32%)
ADNOCLS 4.69 0.00 (0.00%)
SALIK 5.79 0.06 (1.04%)
ADPORTS 3.98 0.08 (2.05%)
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