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ADNOC Distribution’s Board of Directors has approved a resolution recommending payment of an interim dividend of AED 735 million (AED 0.0588 per share), which will be submitted to a vote of the shareholders at a General Assembly Meeting in Abu Dhabi on October 14, 2018, subject to the approval of the UAE Securities and Commodities Authority (SCA).
Saeed Al Rashdi, Acting Chief Executive Officer of ADNOC Distribution, commented: “The dividend our Board of Directors has approved today reaffirms our commitment to a progressive and consistent dividend policy. It also reflects the strong financial results we have delivered during the first half of 2018 and our confidence in our ability to continue to deliver our strategy and on the commitments we made at the time of our initial public offering. We thank our shareholders for their continued trust in us and look forward to welcoming them to our General Assembly Meeting.”
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