DFM approves 5% cash dividend for 2009

23 Apr 2010

(MENAFN) Dubai Financial Market (DFM) company shareholders approved the board’s recommendation of 5 percent cash dividend for last year, which is equivalent to $108 million.

This compares to the company?s cash dividend of 10 percent for the year 2007, and 8 percent in 2008.

The ordinary annual general meeting also approved the balance sheet and income statement for the fiscal year ending December 31, 2009.

According to a press statement, DFM?s total revenues reached $136.9 million at the end of 2009, compared to $275 million in 2008. The total revenue comprised of $110.5 million operational revenues and $26.4 million of investment revenues and others.

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