The Ordinary General Assembly of Agthia decided to distribute 15% cash dividends, at a value of 90 million dirhams.
According to Emirates News Agency, Agthia Group had previously announced a net profit of 137 million dirhams, while its net revenues amounted to 2.04 billion dirhams, a growth of 2 percent year on year, driven by its geographical expansion and the diversity of the group's portfolio.
During its meeting, the association elected the members of Agthia’s new board of directors, namely, His Excellency Khalifa Sultan Al Suwaidi, His Excellency Salmin Obaid Al Amri, His Excellency Khamis Muhammad Al Shamsi, His Excellency Khalaf Abdullah Al Hammadi, Gianluca Fabri, Saif Al Din Rubawala and Jill Adutfi, and agreed on all the agenda items.
His Excellency Eng. Dhafer Ayed Al-Ahbabi, Chairman of the Board of Directors of Agthia Group said: The results of Agthia Financial for the year 2019 are a positive indication of the Group's durability in maintaining its market share and increasing revenues, although it was a challenging year throughout the region, confirming that Agthia has the flexibility and strength to maintain the confidence of shareholders, while continuing to consistently align with the economic diversification agenda in the country and abroad.
On his part, His Excellency Eng. Jamal Salem Al Dhaheri, Acting CEO of Agthia Group said: Our revenue growth has demonstrated the strength of Azaia, driven by the diversity of our product portfolio and our geographical expansion, and despite the atmosphere of competitive and acute activities in various sectors, we will continue to consolidate our leading position Regarding our market share despite strong promotional quotes and a change in consumer behavior.
