ADNOC Distribution's market value increased by 40% to reach the level of 44 billion dirhams by the end of last September, an increase of 12.75 billion dirhams compared to its market value upon listing in a year. 2017.
According to the Emirates News Agency, data released by the Abu Dhabi Securities Exchange showed that the great activity witnessed by ADNOC Distribution contributed to its price rise to 3.57 dirhams, an increase of 23.15% Compared with 2.90 dirhams at the time of inclusion.
and with the continued positive performance of the company, both in terms of the profitability achieved and the attractive cash distributions it provides to shareholders, the investors' appetite for the company's shares continued, which raised the total value of the deals concluded during the months The first nine years of this year amounted to 5.64 billion dirhams.
and in light of this activity on the company's stock listed on the capital market, it has come to rank third in the list of the most active companies' shares from the beginning of this year until the end of September.
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and the distinguished strategy that the company followed in distributing periodic profits to shareholders had an important role in increasing the activity on its shares, as it became part of a limited list of companies that give investors more profits. One time within one year.
and ADNOC Distribution announced during its general assembly held last March an amendment to the dividend policy, where a dividend of 2.57 billion dirhams is scheduled for the year 2021, in addition to a dividend distribution. With a minimum of 75% of distributable profits, from 2022 onwards.
It is noteworthy that the company enjoys strong financial solvency, as its liquidity amounted to 5.2 billion dirhams on June 30, 2020, including 2.4 billion in cash and its equivalent, including This includes fixed-term deposits, and it has 2.8 billion dirhams credit facilities that are not yet used.
