The Empower General Assembly has given the green light for a cash dividend payout of AED 425M to its shareholders, which equates to AED 0.0425 per share, or 42.5% of the company’s paid-up capital. These dividends will be distributed in April 2023 and are for the second half of 2022.
The meeting, chaired by Saeed Mohammed Al Tayer, also endorsed the Board of Directors’ proposal to suspend any further allocation of profits to the legal reserve, as the statutory reserve has already reached 50% of the paid-up capital.
Empower recorded revenues of AED 2.79B as well as net profits of over AED 1B for the year ending December 31, a 7 per cent growth over the year-ago period.
