Dubai, UAE — Agthia Group Board of Directors has recommended an interim cash dividend payment of AED65.3 million ($17.7 million), equivalent to 8.25 percent of the Company’s share capital, for the second half of 2022
The total amount of dividends distributed in 2022 was AED130.6 million.
Agthia Group recently reported the Group Net revenue of AED 4.07 billion, up 33 percent YoY, while the net operating income grew 36 percent YoY. The Group net profit attributable to shareholders grew 14 percent YoY to AED247 million.
The board also approved the board’s recommendation to increase the size of the board, bringing the total number of board members from seven to nine.
Following the nomination and voting procedure, the shareholders re-elected Khalifa Sultan Al Suwaidi, Salmeen Obaid Alameri, Gil Adotevi, Khamis Mohamed Buharoon Al Shamsi, and Sharmila Murat as board members, while Gianluca Fabbri and Khalaf Al Hamadi stepped down from their board positions. In addition, the shareholders appointed Svet Varadzhakov, Caitlin Nguyen, Mariam Al Remeithi, and Maurizio Patarnello to the board.