board of directors "Purayth" It is recommended to distribute 343 million dirhams from 2024
Abu Dhabi, March 18/ WAM/ The Purchal Holding Group, listed in the Abu Dhabi Securities Market, announced its proposal to distribute profits for the first time since it was included in the Abu Dhabi Securities Market in December 2023.
According to a press release issued today, the Board of Directors recommended the distribution of total profits of 343 million dirhams “3.09 fils per share” for the fiscal year 2024, 20% of the group’s net profits.
The proposal will be presented to the shareholders for approval at the annual General Assembly meeting on April 9, 2025.
This announcement comes after the completion of the first fiscal year for the “Burelth” group as a company listed on the stock exchange, which reflects according to the company the strong performance and the financial flexibility it has.
The “Burelth” concluded the fiscal year for the year 2024 with revenues of 25.8 billion dirhams, profits before interest, taxes and consumption 4.1 billion dirhams, and a net profit of 1.7 billion dirhams.
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