Abu Dhabi - Mubasher: The board of Al Yah Satellite Communications Company (Yahsat) has approved to update the company's dividend policy to distribute cash dividends on a semi-annual basis.
The proposed semi-annual dividend policy is in line with Yahsat’s objective to maximise shareholders’ returns and recognise the enhanced financial profile following the recent deals, according to a recent press release.
The new dividend policy is subject to the approval of the ordinary general meeting (OGM).
The CEO of Yahsat, Ali Al Hashemi, said: "Creating shareholder value is paramount, through a combination of healthy and regular dividend payments while continuing to execute a clearly defined growth strategy."
Al Hashemi added: "The dividend policy places Yahsat as one of the highest yielding companies listed on ADX at the current share price."
