Oasis shareholders, Capital, approve the distribution of profits of 10 money from 2024
Abu Dhabi, March 19/ WAM/ Al -Waha Capital shareholders agreed to distribute cash dividends of 10 money per share for 2024, during the annual general assembly meeting held yesterday.
The shareholders also strengthened the continuous commitment of the Oasis Capital to support societies by agreeing to allocate up to 1 % of its net profits to social responsibility initiatives. The company also launched a scholarship program for students residing in the UAE, who study the fields of finance, mathematics and economics, while providing full financial support and professional opportunities.
The oasis Capital recorded a net profit of 381 million dirhams belonging to shareholders in 2024, which represents a 10%of the average shareholders ’rights.
Until December 31, 2024, the total assets managed by the company amounted to 11.9 billion dirhams, an increase of 13% compared to 10.5 billion dirhams in 2023.
Walid al -Muqrib al -Muhairi, Chairman of the Oasis Board of Directors, said that the results achieved by the company in 2024 attest to the effectiveness of its investment strategy that enabled it to deal efficiently with the fluctuations of global markets, noting that in light of the strong expansion of the rule of investors from the third parties and the company achieved strong performance across its various business sectors, it continues to enhance its leading position as a reliable financial partner in Abu Dhabi And outside it.
For his part, Mohamed Hussein Al -Nuwais, Director of the Department of the Oasis Capital, said that the policy of distributing the escalating profits confirms the company’s commitment to achieving sustainable returns for shareholders, by increasing the managed assets and diversifying the sources of repeated revenues, expressing the company’s aspiration to continue to benefit from the rewarding growth opportunities, expanding its portfolio in the field of asset management, and enhancing its position as a gateway to the opportunities that the Abu Dhabi economy abounds The prosperous.
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