The Director General of the Arabian Scandinavian Insurance Company, Ahmed Kadhem, estimates the company’s net income at 10 million Emirati Dirhams ($2.7 million) in 2001 compared with Dh 1.9 million in 2000, reported Al-Bayan . These figures translate into a Dh 8.1 million rise. Kadhem predicts the company will award dividends to stockholders for the fiscal year of 2001, which is equivalent to Dh 50 million, 10 percent of its capital. — (menareport.com)
© 2002 Mena Report (www.menareport.com)
