The second and final dividend for 2023 is expected to be paid in April 2024
The post ADNOC Distribution board approves $350m interim dividend appeared first on Gulf Business .,
ADNOC Distribution Board Approves $350m Interim Dividend
ADNOC Distribution, the largest fuel and convenience store retailer in the United Arab Emirates (UAE), has announced the approval of a $350 million interim dividend by its board. This dividend is in addition to the $735 million dividend approved by the board earlier this year, bringing the total dividend for 2023 to $1.085 billion. The second and final dividend for 2023 is expected to be paid in April 2024.
ADNOC Distribution: A Leading Player in the UAE Retail Market
With a vast network of over 400 service stations, ADNOC Distribution is a prominent player in the UAE’s retail market. The company has a strong presence not only in the fuel sector but also in the convenience store industry, offering a wide range of products and services to its customers. This latest announcement reflects the company’s commitment to rewarding its shareholders and maintaining its position as a reliable and profitable business.
The Impact of the Dividend on ADNOC Distribution and its Stakeholders
The approval of a $350 million interim dividend highlights the financial stability and success of ADNOC Distribution. This dividend is expected to positively impact the company’s shareholders, providing them with a substantial return on their investment. Moreover, it demonstrates the company’s dedication to driving value for its stakeholders and reinforces its position as a trusted brand in the market.
Final Thoughts
ADNOC Distribution’s approval of a $350 million interim dividend is a significant development that showcases the company’s strong financial performance and commitment to its shareholders. As one of the leading players in the UAE’s retail market, ADNOC Distribution continues to enhance its reputation by offering reliable services and rewarding its stakeholders. With the second and final dividend for 2023 expected to be paid in April 2024, the company’s shareholders can look forward to continued benefits from their investment in this thriving business.
Reference: Gulf Business – https://gulfbusiness.com/
Original article: Link
