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Adnoc Distribution announces Dhs1.285b dividend for H2-2024
Gulf Today
|March 27, 2025
Financially, 2024 was another record-breaking year. We delivered against our fiveyear strategy, achieving significant milestones: Sultan AI Jaber
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Adnoc Distribution on Wednesday announced shareholder approval of all agenda items at its Annual General Assembly Meeting (AGM), including the shareholder approved distribution of a final cash dividend of $350 million (Dhs1.285 billion) for the second half of 2024 to be distributed in April 2025.
This brings the total annual dividend for 2024 to $800 million (Dhs2.94 billion), yielding 6.1 per cent based on the 25th March 2025 closing share price of Dhs3.39, in line with the company’s $800 million dividend policy of maintaining annual payouts of $700 million or a minimum of 75 percent of net profits, whichever is higher.
Dit verhaal komt uit de March 27, 2025-editie van Gulf Today.
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