UAE-based Fujairah Cement Industries Co on Thursday approved the recommendation of distributing six per cent of the capital as cash dividends for fiscal year 2016.

The company will pay a total of AED21.35m (US$5.81m) as cash dividends to entitled shareholders, according to a bourse statement issued on Sunday.

During FY16, Fujairah Cement achieve a net profit of AED56.72m, up 12 per cent on the AED50.56m recorded in FY15.