Alpha Dhabi Holding adopts an annual dividend policy of 2 billion dirhams
Abu Dhabi, 8 December / WAM / Alpha Dhabi Holding Company revealed a proposed three-year dividend distribution policy, which includes annual dividends worth 2 billion dirhams, equivalent to 20 fils per share, with an annual increase of 5% annually, to be paid after the end of each fiscal year and starting from the fiscal year 2025, immediately after its approval by Alpha Dhabi’s Board of Directors, and after its approval by the shareholders in the company’s general assembly.
The proposed dividend policy reflects Alpha Dhabi’s endeavor to achieve a balance between the accelerated growth path and its goal to provide sustainable value to its shareholders, as the group made its first dividend distribution of 2 billion dirhams, equivalent to 20 fils per share, which was paid in December 2024.
Alpha Dhabi will also begin implementing a program to buy back the company’s shares at a value of up to one billion dirhams, provided that this does not exceed 10% of the company’s issued capital.
The program is effective from the date of approval by the Securities and Commodities Authority until December 31, 2026, in accordance with the requirements for compliance with the approval procedures issued by the Authority and the disclosure requirements approved by the Abu Dhabi Securities Exchange.
The proposed dividend policy and the company’s share repurchase program will be implemented immediately upon approval by Alpha Dhabi’s Board of Directors, and after approval by shareholders in the company’s General Assembly, which will be in accordance with regulatory timelines. The General Assembly meeting is held at least 30 days after the Board of Directors meeting, and is announced to shareholders at least 21 days before its date, in accordance with applicable regulations.
Engineer Hamad Salem Al Ameri, CEO and Managing Director of Alpha Dhabi Holding, said: This decision comes based on our confidence in the strength of our current business, including our expected ability to generate stable cash flows and a solid allocation of capital, and our positive outlook towards future growth opportunities. At Alpha Dhabi Holding, we continue to focus on investment opportunities that enhance long-term value inside and outside the country, and return sustainable results to the communities we serve alike.
Alpha Dhabi will disclose the approved dividend distribution policy through the platforms of the Abu Dhabi Securities Exchange and the Securities and Commodities Authority, in accordance with the relevant regulations and regulatory requirements.
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