The General Assembly of Abu Dhabi National Energy Company, in its meeting held on Tuesday, approved the recommendation of the company's board of directors regarding the proposed dividends for the year 2021.

The company said in a statement to the Abu Dhabi Securities Exchange, today, Wednesday, that the general assembly approved the Board of Directors' recommendation to distribute cash dividends to shareholders at the rate of 1.10 fils per share for the fourth quarter of 2021.

The association clarified in a statement that it had approved special cash dividends of two fils per share for the year 2021.

It is worth noting that the company's current capital is estimated at 112.43 billion dirhams, while the total profits proposed to be distributed was 2.25 billion dirhams.

The company's profits rose 114% last year on an annual basis, to reach 5.96 million dirhams, compared to 2.78 million dirhams in profits in 2020.