ADNIC’s Annual General Meeting (AGM) today approved the distribution of 45 per cent cash dividends (AED 0.45 per share, totalling AED 256.5M) for the financial year ended 31st December 2023.
Shareholders discussed and approved all items on the AGM agenda, including ADNIC’s financial statements for the year ended 31st December 2023, according to WAM.
ADNIC Chairman, Sheikh Mohamed bin Saif Al Nahyan, stated, “We are proud to have delivered strongly on our promises in the past year, a testament to the strategic direction set forth by management and the unwavering dedication of our employees. Shareholders stand as valued partners in our successful journey, pivotal in propelling ADNIC’s growth and development forward. The distribution of cash dividends underscores our commitment to providing consistent returns on their investments.”
“The year 2023 marked a significant milestone for ADNIC, achieving one of the highest profits in its history, totaling AED 401.2 million. Looking ahead, we will continue to explore new markets and fortify our position as a key player in the GCC region.”
ADNIC CEO, Charalampos Mylonas, said, “ADNIC continues to solidify its market-leading position by strategically leveraging its core strengths. This is demonstrated by our record net profit performance for the year and is further evidenced by our distribution of cash dividends. Our commitment lies in creating exceptional value for both our customers and shareholders, while continuously enhancing various aspects of our operations by actively adopting and utilising new technologies.”
“We are as dedicated as our shareholders are to supporting diverse communities and initiatives across the UAE and beyond, while also aligning with the government’s vision to promote a more sustainable future.”
