Abu Dhabi – Mubasher: The shareholders of Abu Dhabi National Hotels greenlighted cash dividends worth AED 200 million, equivalent to AED 0.20 per share, for 2022.
The ex-dividend and payment dates will be 24 March and 15 April 2023, respectively, according to a recent bourse filing.
During the same general assembly meeting that was held on 15 March, the shareholders also agreed to disburse 200 million bonus shares worth AED 200 million.
The announced cash dividends and bonus shares account for 40% of the UAE-based company’s capital in total.
Last year, the ADX-listed firm recorded net profits of AED 415.09 million, versus AED 272.71 million in 2021.
Revenues from contracts with customers widened to AED 1.45 billion in 2022 from AED 1.08 billion a year earlier, while the basic and diluted earnings per share (EPS) increased to AED 0.42 from AED 0.27.