Economy Local March 18, 2025

Spinney's Approves Cash Dividend Distribution

The General Assembly of Spinney's has approved a proposal for a cash dividend of 100.8 million AED, equating to 0.028 AED per share, marking a significant distribution for the second half of 2024.


Spinney's Approves Cash Dividend Distribution

At the general meeting of the shareholders of the company 'Spins', a proposal was approved to pay interim cash dividends in the amount of 100.8 million dirhams, which amounts to 0.028 dirhams per share. This is equivalent to 280% of the company's established capital and relates to the second half of 2024. These dividends will be the last payments for 2024.

According to the company president's words: 'We are pleased to announce this payment, which demonstrates the stability and profitability of our business. This step underlines our commitment to creating long-term value for our shareholders.'

This initiative is part of the company's strategy for optimizing dividend policy, aimed at ensuring sustainable profitability and attractive returns for shareholders.