DUBAI / WAM Al Ansari Financial Services on Thursday announced the offer price range per share and the start of the subscription period for its Initial Public Offering (IPO) on the Dubai Financial Market (DFM). The price range for the global offering has been set at between AED1.00 and AED1.03 per share, implying a market capitalisation at a listing of …

ABU DHABI / WAM Abu Dhabi National Energy Company (Taqa) announced that its shareholders approved a new dividend policy for 2023–2025 based on a combination of fixed and variable dividends. Under the new policy, the company expects to pay a fixed dividend per share, derived from its utilities earnings, of 3.25 fils in 2023, 3.50 fils in 2024 and 3.75 …

ABU DHABI / WAM Adnoc Distribution, the UAE’s largest fuel and convenience retailer, announced on Thursday that its shareholders have approved all agenda items, including an amendment to its 2023 dividend policy at its Annual General Assembly Meeting. The company’s strong 2022 results, with robust and continued growth, have enabled the setting of an attractive dividend policy with a minimum …