MAA says 35 sen dividend to go ex on July 21

KUALA LUMPUR: MAA Group Bhd has declared an interim special dividend of 35 sen for each share which will go ex on July 21.

The company, which sold its 75% stake in MAA Takaful Bhd to Zurich Insurance Co Ltd for RM393.7mil, said on Monday the payment would be paid on Aug 5.

MAA had planned to return RM100.76mil, or 35 sen a share, to shareholders as special dividend after the completion of the sale.

It is looking to venture into manufacturing and education sectors to diversify its earnings. 

MAA chief executive officer Datuk Muhamad Umar Swift was quoted saying on June 21 the company had earmarked RM290mil from the proceeds of the disposal of the takaful for the ventures.