Agthia Group, the region’s leading food and beverages company, has announced that it has won approval from shareholders for the board’s proposal to distributed interim cash dividends of 8.25 fils per share equivalent to AED65.31 million ($18 million) for the first half of the year. 

 

The approved dividend distribution marks Agthia Group’s first interim dividend. The announcement came at its General Assembly Meeting held in a virtual setting today (September 28).

 

Recently, the group had adopted a semi-annual dividend policy, which aligns with its commitment to maximizing shareholders’ returns. 

 

The semi-annual dividend policy recognizes the group’s growing scale and enhanced financial profile following its recent acquisitions. 

 

By closely monitoring its robust balance sheet, Agthia said it was confident in its ability to pay interim dividends to shareholders while maintaining capacity to deploy capital through a disciplined M&A strategy.

 

In the first half of the year, the group had witnessed promising top- and bottom-line growth, exemplifying its vision for growth, it added.-TradeArabia News Service