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ABU DHABI / Emirates Business
Shareholders of Adnoc Distribution, the UAE’s largest fuel and convenience retailer, on Sunday approved a AED 735 million (AED 5.88 fils per share) dividend payment, at the company’s landmark first Annual General Meeting (AGM).
HE Dr Sultan Ahmed Al Jaber, Adnoc Distribution Board Chairman, said, “The IPO and recently announced fourth quarter and 2017 full year results illustrate that Adnoc Distribution is in a strong financial position, with an enhanced level of profitability, healthy margins and significant opportunities for future growth.â€