High Dividend Distribution in Iraq

DUBAI, United Arab Emirates – Six companies listed in Iraq Stock Exchange (ISX) distributed healthy cash dividends, with Asiacell <TASC:IQ> leading the way with an 11.8% dividend yield. The company is the second-largest mobile operator in Iraq, with the greatest number of subscribers and the most extensive in terms of revenue market share. According to Rabee Securities, many Iraqi listed companies are healthy with positive cash flow for various reasons such as increased purchase power and better economic fundamentals with stable and improved oil prices, which are the backbone of…

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