Alexander Forbes declares special dividend
An R861m profit on sale of short-term insurance business AFI Group boosted cash
08 June 2020 - 09:02
Financial services group Alexander Forbes has opted to distribute about R600m in a special dividend to shareholders, with the group flush with cash after the sale of its short-term insurance business to Momentum Metropolitan Holdings.
The group realised an R861m profit of Alexander Forbes short-term insurance (AFI) to Momentum Metropolitan Holdings, saying on Monday it feels confident it has the resources to withstand the fallout from the Covid-19 pandemic...
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