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Agthia nods to 15% annual dividends

Agthia nods to 15% annual dividends
Agthia's shareholders meeting (Photo Credit: Mubasher)
Agthia
AGTHIA
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By: Amr Adel

Abu Dhabi – Mubasher: Agthia Group said its shareholders approved on Wednesday, 26 April, 15% dividends or 15 fils per share for fiscal year 2016, according to a bourse statement.

Total dividend payout amounts to AED 90 million for FY16.

The shareholders approved waiving the company’s right to lease a land granted by Abu Dhabi Municipality to Al Ain Farms for Livestock Production.

The company posted profits of AED 254.26 million in 2016, up 9.9% from AED 231.31 million in 2015.

Translated by: Julian Nabil