Abu Dhabi – Mubasher: The board of Agthia Group has recommended paying out cash dividends, equivalent to 16.5% of the capital, for 2020.
The cash dividend distribution settles at AED 0.165 per share for 2020, up 10% from 2019, according to a press release on Tuesday.
At the same time, the board has nodded to a change in policy to a semi-annual distribution of dividends for 2021 and onward, which is subject to legal and regularity approvals.
It is noteworthy to mention that in 2020, the company's net profits plunged to AED 34.471 million from AED 137.026 million in 2019.
