AGME Emirates’ general assembly approves cash dividend for the year 2020


Abu Dhabi – Mubasher: Agthia Group’s general assembly approved, during its meeting on Thursday, the Board of Directors proposal to distribute cash dividends to shareholders for the year 2020.

The group stated in a press release, that the dividends are 16.5 percent of the capital, equivalent to 16.5 fils per share, with a total dividend of 118.8 million dirhams.

The group’s net revenues for the year 2020 amounted to about 2.06 billion dirhams, achieving an annual growth of 1.1 percent compared to 2019.

Khalifa Sultan Al Suwaidi, Chairman of the Group’s Board of Directors, said that the performance demonstrated by the group during the past year is a positive indication of its flexibility and ability to maintain the confidence of shareholders despite the difficult circumstances.“.

Alan Smith, CEO of Agthia Group, said: “Over the past year, we have focused on adapting our business quickly, so that we can respond to the changing habits and requirements of consumers, and in this way, we can ensure our ability to cope with the consequences of the pandemic in all the countries in which we operate.

The capital of Fooda is 720 million dirhams, divided into 720 million shares, with a par value of one dirham per share.

The company’s profits fell to 34.5 million dirhams by the end 2020, Compared to a profit of 137 million dirhams for the same period in 2019.

Breaks Agthia Group share during the trading session on Wednesday; After announcing the company’s intention to acquire a company in Egypt Within the plans for external expansion.


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