Agthia Group PJSC, the region’s leading food and beverages company, held today, its General Assembly Meeting in a virtual setting.

The meeting concluded with the Group’s shareholders approving the board’s proposal for an interim cash dividend payment of 8.25 fils per share for the first half of 2021. This is equivalent to AED 65.31 million. In the first half of the year, the Group witnessed promising top- and bottom-line growth, exemplifying its vision for growth.

The approved dividend distribution marks Agthia Group’s first interim dividend. Recently, the Group 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 our robust balance sheet, we remain confident in our ability to pay interim dividends to our shareholders while maintaining capacity to deploy capital through a disciplined M&A strategy.

Source: Quill Communications