Economy Local February 19, 2025

Spins Holding's Dividend Proposal Meeting in Dubai

On March 17, the General Assembly of Spinneys Holding will discuss a proposal for distributing interim dividends worth AED 100.8 million, equating to AED 0.028 per share for the second half of 2024.


Spins Holding's Dividend Proposal Meeting in Dubai

Spinneys Holding will hold a general meeting of shareholders on March 17 to discuss the proposal of its board of directors to pay interim dividends totaling 100.8 million dirhams for the second half of 2024. It is proposed to pay 0.028 dirhams per share.

During the shareholder meeting, participants will focus on this matter and will make a decision regarding this financial proposal.

"We are pleased to announce this proposal to pay dividends for the second half of 2024, which reflects our confidence in the financial position of the company," noted a representative of Spinneys Holding.

This sum of dividends is part of the company's strategy to maintain the interests of its shareholders and the long-term sustainability of the business.