Dubai PR Network, Online Press Release from Dubai and Middle East
 
Business, Banking and Investments(Banking & Investments)
Filter PR by
  
Dubai Investments Announces 10% Cash Dividend to Shareholders
 
Dubai Investments Announces 10% Cash Dividend to Shareholders

Abdulrahman Ghanem Al Mutaiwee is the new Chairman and Khalid Bin Kalban is the new Vice-Chairman

 

Dubai, UAE, June 4th 2020:  Dubai Investments, the leading Middle East investment and a public joint stock company listed on the Dubai Financial Market (DFM), has announced distribution of 10% cash dividend to the shareholders for the financial year ending December 31, 2019. A proposal to this effect was approved by the shareholders at the company’s virtually held 24th Annual General Meeting [AGM] on June 3rd, 2020.

Abdulrahman Ghanem Al Mutaiwee was elected as the company’s new Chairman and Khalid Bin Kalban as its new Vice-Chairman. The other board members comprise of Ali Fardan Ali Al Fardan, Mohamed Saif Darwish Al Ketbi, Khaled Mohammad Ali Al Kamda and two new members, Abudulrahman Mohamed Rashed Alshared and Hussain Nasser Ahmed Lootah.
The company’s shareholders also approved all other resolutions presented by Dubai Investments Board of Directors. The Group has reported profit attributable to the shareholders of the Company of AED 657.4 million for the year ended 31 December 2019 as compared to AED 651.4 million in the previous year.

Total assets of the Group have increased by AED 1.41 billion and stands at AED 20.96 billion as of 31 December 2019 (2018: AED 19.55 billion). The increase in total assets is mainly attributable to acquisition of additional 66% interest in Globalpharma LLC and cost incurred on development of real estate projects during the year.

During the AGM, the Company stated that it is studying and evaluating businesses to review and enhance business continuity plans as new strategies are solidified.

The Company confirmed it has a strong foundation and ability to withstand pressure, streamline businesses, ensure the safety and well-being of workforce and reduce business impacts. It also assured a healthy liquidity portfolio with plans focused on tapping into the right stimulus measures keeping liquidity stable and maintaining operational resiliency.

The Company also confirmed remaining upbeat on future prospects and striving to strengthen existing businesses and highlighted 2020 as the 25th year of successful business investments.


Posted by : Dubai PR Network Editorial Team
Viewed 5874 times
PR Category : Banking & Investments
Posted on : Thursday, June 4, 2020  2:22:00 PM UAE local time (GMT+4)
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of DubaiPRNetwork.com.
Previous Story : Comment From Aberdeen Standard Investment Following ECB Mee...
Next Story : With the Global Crisis being Experienced, France does not lo...
Email this article Print this article

Share this article with your friends and followers
NewsVine
Back to Section Home

Related Stories



 
 
Most Viewed Press Release posted in the last 7 days
Pandora ME for Every Side of You [4457-Views]
Code 11.59 by Audemars Piguet – New Tones of Elegance [4424-Views]
“CATRICE” Perfect Look for “Back to the Office” [3526-Views]
Your Guide to Choosing the Right Face Mask [3350-Views]
TishTash Eid Al-Adha Gift Guide 2020 [2767-Views]
Get Summer Ready With Magnitone London! [2722-Views]
Newest LG True Wireless Earbuds Self-clean, Sound Great With Meridian Audio [2628-Views]
Newly Launched HONOR 9A Offers Stunning Photography Anytime Anywhere [2595-Views]
Wonder Ingredients For Powerful Skincare [2505-Views]
10 Million Plastic Packaging Saved: Grohe Launches Initiative to Reduce Plastic [2239-Views]
Taste the Summer With Wild & the Moon's Latest Menu Drop! [2177-Views]
Dubai Well Poised for Growth in New Business Entities' [2169-Views]
Smash Summer Fitness Goals with 100 Workout Modes on the HONOR MagicWatch 2 [2128-Views]
Nahdi Medical Company Transforms its Financial Management with Infor [2120-Views]
Tonda 1950 Lune' [2050-Views]
Comprehensive Study of Refugee Children's Academic, Social, and Emotional Learning Outcome... [1988-Views]
The New Season of Master Maserati Programme Gets Underway [1984-Views]
70 Percent of Businesses Increase or Maintain Digital Transformation Spend Amid Pandemic, ... [1972-Views]
Six Ways LG's Puricare Air Purifiers Can Help Families Improve Air Quality at Home [1972-Views]
Alstom at Forefront of Hygiene & Safety Innovation for Transport & Mobility in a COVID-19 ... [1935-Views]
Hitachi ABB Power Grids Commences Operations [1857-Views]
Karl Lagerfeld Announces Collaboration With Designer Kenneth Ize [1845-Views]
Three UAE Students Bag Coveted Princess Diana Award for Outstanding Social Initiative [1837-Views]
Meet the #Sephorasquad Middle East Members! [1816-Views]
Honeywell Launches Innovative Cooling Technology for Electronics, Data Centers [1792-Views]
 
RSS Facebook Twitter LinkedDin
 
Top Sections
 
Top Stories