Dubai Financial Market (DFM) approved a 10% cash
Dubai Financial Market (DFM) approved a 10 per cent cash dividend of the nominal value of shares for its shareholders at the company's annual general meeting (AGM) in Dubai on Tuesday.
The AGM also approved the financial results for the year ending December 31, 2007 besides the external auditor's report on the company's financial statements. The meeting also reviewed and approved the company's balance sheet and income statement for the same period.
The Board of Directors' report on the company's performance for the same period was also approved. The assembly also reviewed the Fatwa committee's annual report and approved the Board of Directors remunerations for the 2007 calendar year. The external auditor for the 2008 fiscal year was also appointed and its fees determined.
Essa Kazim, chairman, DFM, said: ''This past year has been one of immense growth and success for DFM. We are incredibly proud of the contribution we have made to Dubai's financial community and the UAE's rapidly expanding economy. "
''Our success is symbolic of the prosperity and success that has been enjoyed for the last several years by this country as a whole." "We are confident that 2008 will be another year of innovation and profitability. We look forward to seeing the same high level of achievement when we meet again in a year's time," he added. WAM
The AGM also approved the financial results for the year ending December 31, 2007 besides the external auditor's report on the company's financial statements. The meeting also reviewed and approved the company's balance sheet and income statement for the same period.
The Board of Directors' report on the company's performance for the same period was also approved. The assembly also reviewed the Fatwa committee's annual report and approved the Board of Directors remunerations for the 2007 calendar year. The external auditor for the 2008 fiscal year was also appointed and its fees determined.
Essa Kazim, chairman, DFM, said: ''This past year has been one of immense growth and success for DFM. We are incredibly proud of the contribution we have made to Dubai's financial community and the UAE's rapidly expanding economy. "
''Our success is symbolic of the prosperity and success that has been enjoyed for the last several years by this country as a whole." "We are confident that 2008 will be another year of innovation and profitability. We look forward to seeing the same high level of achievement when we meet again in a year's time," he added. WAM
No comments:
Post a Comment