Economy Country February 21, 2025

Fiurtiglob Announces 2.4 Billion Dirham Dividends for 2025

Fiurtiglob is set to distribute an additional 2.4 billion dirhams in April 2025 after gaining shareholder approval. The company reported a total revenue of 7.3 billion dirhams for 2024, along with substantial dividends for shareholders.


Fiurtiglob Announces 2.4 Billion Dirham Dividends for 2025

The company "Vertiglob" reported a net profit of 2.4 billion dirhams in 2024, with this amount enhanced by the company's revenue totalling 7.3 billion dirhams. The Board of Directors proposed to distribute dividends for the second half of 2024 in the amount of 458.75 million dirhams, which will increase the total profit for 2024 to over one billion dirhams, ensuring a 5% return. It is proposed that dividends will be paid out in April 2025, in addition to dividends amounting to 500 million dirhams for the first half of 2024, which have already been paid to the shareholders. At the same time, the company "Brodzh" also showed excellent financial results in 2024, increasing net profit by 24% compared to the previous year to 4.55 billion dirhams, supported by record production and sales volumes. "Brodzh" plans to pay total cash dividends throughout 2024 in the amount of 4.8 billion dirhams, including interim dividends for shareholders amounting to 2.4 billion dirhams for the first half of the previous year. All six companies of the "Adnok" group demonstrated sustainable financial growth in 2024, increasing revenue by 182.4 billion dirhams and net profit by more than 33 billion dirhams. "Adnok for Sbyt" recorded a record structured profit of 3.85 billion dirhams in 2024, boosted by increased sales of thermal products and significant growth in different sectors, including abroad. The company intends to distribute cash dividends totaling 1.28 billion dirhams for the second half of 2024. "Adnok for Bureniya" demonstrated record financial results in 2024, with a revenue growth of 32% to more than 14.7 billion dirhams and net profit standing at 4.8 billion dirhams. It is expected that total dividends for the company in 2024 will amount to 2.9 billion dirhams. "Adnok for Gaza" also showed strong financial results in 2024, increasing net profit by 14% compared to the previous year. There are plans for dividends of over 12.5 billion dirhams for 2024. "Adnok for Snabzheniya and Uslug" also reported a 29% increase in revenue and a 22% increase in net profit. The company plans to distribute dividends amounting to over one billion dirhams throughout 2024.