Economy Local February 26, 2025

Global Holding Company Considers Dividend Cuts

The General Assembly of the Global Holding Company in Abu Dhabi will discuss no cash dividends for shareholders for the FY 2024 during the meeting on March 24.


Global Holding Company Considers Dividend Cuts

The company "Al Khaleej" will hold a general meeting of its shareholders on March 24 to discuss the proposed resolution on the non-payment of cash dividends for the financial year 2024. According to the company's report, the net profit amounted to 25.7 billion dirhams after tax payments for the year 2024. This reflects the allocated influences on the allocation of resources for important projects and initiatives, as well as on the expansion of the activities of several subsidiaries.

The price per share was 7.2 dirhams, which corresponds to the company's strategy for 2024 regarding investment support aimed at creating long-term value. This should improve future shareholder returns.