The general assembly of Abu Dhabi Airlines, in its meeting held on Tuesday, approved the recommendation of the Board of Directors regarding dividends for the year 2020.
The company said in a statement to the stock exchange, today, Wednesday, that the general assembly approved the Board’s recommendation to distribute cash dividends to shareholders for the year 2020 at 10% of the nominal value of the share by 10 fils. To share.
The data showed that shareholders ’cash profits are estimated at 44.48 million dirhams, noting that the last day of participation is March 17th, and the due date is the 21st of the same month. The distribution date was set for April 9th.
The company's profits fell 27% last year, to reach 180 million dirhams, compared to 2019's profit of 246 million dirhams.
Revenues fell 25% last year, to reach 1.56 billion dirhams, compared to about 2.08 billion dirhams in 2019, due to the outbreak of the Corona pandemic, in addition to lower prices Oil.
During the fourth quarter of 2020, the company achieved profits of 43.6 million dirhams, compared to about 69.3 million dirhams in the same period in 2019.
