The company has approved payments of Dh3.1 billion as dividend, which will be paid in October. (The record date for shareholders is October 18.) Under its dividend policy, DEWA expects to pay a ‘minimum’…
Tag: dividend
Spinneys announces first post-IPO dividend of Dh102.6m after record H1-2024 revenues
“During the first-half of the year, we made a number of important steps in the execution of our strategy, expanding our footprint by opening four new stores including our new innovative foodhall…
UAE food giant Agthia confirms first interim dividend after H1-2024 profit surges 32%
Agthia shareholders will also be liking the margins generated by the company for the period, at 7.5 per cent from a 98 basis point expansion. This came ‘notwithstanding FX headwinds (at its…
e& shareholders approve new 3-year progressive dividend policy
Shareholders of e& Group will find they are up for incremental increases in what they will get as dividend. Image Credit: Supplied Dubai: e& shareholders approved the UAE tech-telecom holding company’s recently proposed…
Emaar Development to deliver $567 million dividend to shareholders
Emaar Development PJSC reported property sales of Dh37.4 billion ($10.2 billion), an increase of 22 per cent compared to 2022. This resulted in a healthy sales backlog of Dh57.1 billion ($15.5 billion),…
Emaar Properties' shareholders appoint new board of directors, approve 50fils dividend
Dubai: Dubai’s biggest listed developer Emaar Properties’ shareholders approved the Board of Directors’ proposal for a dividend of 50 fils per share amounting to Dh4.4 billion ($1.2 billion), while also voting to appoint…
Supermarket chain Spinneys to offer 70% of profit after tax as dividend
Dubai: The supermarket operator Spinneys will pay 70 per cent of its profit after tax to shareholders, the Dubai headquartered company has confirmed. Dividends will be paid in April and October, with…
ADNOC Gas shareholders to get another $1.62b as H2-2023 dividend
“The company saw its share price surge 30 per cent from its listing date in March 2023 to year-end, driving its market capitalization to $65 billion and ranking us among the Top…
ADNOC joint venture Borouge to stick with $1.3 billion dividend despite challenging market conditions
“Borouge 4 will boost the company’s production capacity by 28 per cent, making Borouge’s Al Ruwais production site the world’s largest integrated single-site polyolefin complex,” said Dr. Sultan Al Jaber, Chairman. “I…
UAE fuel retailer ADNOC Distribution reworks dividend policy – $700m or 75% of net profit until 2028
In 2023, the company reported net profits of Dh2.63 billion. “ADNOC Distribution has provided shareholders with a 90 per cent return on their investment since its IPO in 2017 through increased market…