“Reading” shareholders agree to distribute cash dividends of 441 million dirhams

The company «Blurad» announced the approval of its shareholders during its general assembly meeting, to distribute profits with a total value of 441 million dirhams, at 15.5 fils per share, which is completely distributed.

During the past five years, “cooling” has achieved total returns for the shareholders of 96%, by increasing the share price and profit distributions, and in 2024, the company recorded record revenues and an increase of 32% in net profits after taxes.

The company stated, in a statement yesterday, that the company’s chairman, Dr. Bakhit Al -Kathiri, chaired the annual general assembly, noting that during the meeting, the shareholders also agreed to appoint two new members of the Board of Directors, Mansour Al -Hamid and Janes Ray Lazada, and Al -Kathiri said that “(cooling) provided a strong and strong performance throughout the year 2024, benefiting from the recent wise investments, and the studied approach in the development of business And expanding it, “stressing that the company has a strong public budget. He added: “I started cooling in 2025 with great momentum, as it raised 700 million dollars through the first version of its green sukuk, for a period of five years, and concluded a concession agreement to establish a new joint venture with (Dubai Holding Company for Investments), to provide sustainable cooling for the island of (Palm Jebel Ali).” During the year 2024, the “cooling” completed the construction of two new stations, and added 23 thousand and 576 tons of cooling from the new connections at the level of its wallets in the Emirates, Saudi Arabia, Sultanate of Oman, Egypt and India.