The board of directors of Emirates Agthia Group has recommended a 16.5% cash dividend to the company's shareholders for the year 2020.
The company said in a statement to the Abu Dhabi Securities Exchange today, Tuesday, that the dividend is equivalent to 16.5 fils in cash per share.
The value of the proposed cash dividends for the past year is about 99 million dirhams, before the increase by issuing bonds convertible into shares for the acquisition of Al Foah Company.
The company has a capital of 720 million dirhams, divided into 720 million shares, with a par value of one dirham per share.
and the company’s general assembly will hold its meeting on April 8th; To discuss the distribution proposed by the Board of Directors.
the company's profits fell 74.8% last year, to reach 34.5 million dirhams, compared to 2019's profit of 137 million dirhams.
