Abu Dhabi – Mubasher: Al Qudra Holding’s shareholders approved distributing a cash dividend of 7 fils per share, or 7% of the share’s nominal value, for 2018 during an ordinary general meeting (OGM).

The total value of dividends amounted to AED 56.63 million for the last year, according to a statement to the Abu Dhabi Securities Exchange (ADX) on Thursday.

Al Qudra Holding said that the last entitlement date is set on 1 May, while the registry closing date will be on 5 May.

For the full-year 2018, Al Qudra Holding posted a consolidated net profit of AED 221 million, compared to AED 212 million a year earlier.

The share of the Abu Dhabi-listed firm’s shareholders in net profit registered AED 203 million in 2018.