Money and business

UAE .. Bruges shares ascends 1.57% after the board of directors recommended the distribution of profits

The share of the “BBLC” company, which is listed in the Abu Dhabi Securities Market, ascended 1.57% at the beginning of the market transactions, trading at the price of 2.58 dirhams per share, after the board recommended the distribution of cash profits.

17.42 million shares of Bruges BLC were traded at that time, with a value of trading 44.86 million dirhams.

The highest price per share was at that time at 2.60 dirhams per share, while the share price was at 2.55 dirhams per share.

The price of Bruges BLC’s shares witnessed a rise after the board of directors recommending the distribution of phased cash dividends to shareholders worth 650 million dollars (equivalent to 2387.13 million dirhams) from the second half of 2024, during the meeting held on Monday, February 3, 2025.

The profits of Beruj BLC, listed in the Abu Dhabi Securities Market, increased by the end of 2024 by 24% compared to the previous year, to reach 4.499 billion dirhams (equivalent to 1.225 billion dollars), compared to 3.639 billion dirhams (equivalent to 991.1 million dollars). In 2023.

The company indicated that the growth in revenue is 4%, amounting to 6.026 billion dollars in 2024, compared to revenues of $ 5.791 billion in 2023.

The company also added that the net financing costs decreased by 11% to $ 173.5 million in 2024, compared to $ 194.1 million in 2023.

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