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SAIB reports $139 million Q1 net profit

its assets increased by 20.08 percent to $43.65bn.

Nissan forecasts $5.3bn annual net loss

Last year, it announced 9,000 job cuts worldwide.

Saudia to acquire 20 wide-body aircraft

10 of these being acquired for its flydaeal low-cost airline

ADIB’s Q1 net profit $517 million

Q1 2025 net profit before tax increased 18% YoY.

Emirates Islamic Q1 profit $394m

The bank's profit crossed AED 1bn mark for the first time.

ADNOC Distribution will pay $350 million H1 interim dividend to shareholders

  • This is the first payment in what is expected to be a full-year 2021 dividend payment of AED 2.57 billion.
  • The company has set a minimum of AED2.57 billion dividend for 2022.

DUBAI: ADNOC Distribution has announced AED1.285 billion ($350 million) as an interim dividend payment to shareholders for the first six months of 2021.

This is the first payment in what is expected to be a full-year 2021 dividend payment of AED 2.57 billion.

This would translate to a 4.9 percent annual dividend yield for 2021, ADNOC said and added that the second and final dividend for 2021 is expected to be paid in April 2022, subject to the Board of Directors’ recommendation and shareholders’ approval.

Since IPO, the company has increased cash payback to its shareholders with a dividend of AED1.47 bn for 2018, AED 2.39 billion for 2019 and AED 2.57 billion for 2020, ADNOC said.

The company has set a minimum of AED2.57 billion dividend for 2022.

The amended dividend policy provides further visibility of payback to shareholders until April 2023. The dividend policy for the years thereafter remains unchanged at a dividend equal to at least 75 percent of distributable profits.

ADNOC Distribution said it expects to continue to pay half of the annual dividend in October of the relevant year and a half in April of the following year.