Amana Takaful on Monday announced its decision to pay five percent of the company's net profit as dividends.
According to a statement release by the company, the insurance provider has recorded a net profit of MVR 4.8 million by July 31. Thus the company will be paying a 5 percent dividend payout, the statement read.
Shares that were purchased before August 30, 2017 would receive dividends, the company announced.
The insurance company has additionally stated the revenue for this year has increased in comparison to the same period last year, noting a 21 percent increase in net profit. The company had also resettled several payments which has resulted in their risk fund profit increasing by 27 percent.
The company has also raised their profit bar of shareholder funds by 19% while the overall net profit of the insurance corporation had also been generally favorable throughout the year.
