Agthia Group's shareholders approved a dividend payment of Dh90 million for the year ended December 31, 2019.
The total amount is equivalent to 15 per cent of the company’s issued capital, the food and beverage firm said in a statement to Abu Dhabi Securities Exchange, where its shares trade.
Agthia, known for brands like Al Ain and Al Bayan water, reported a two per cent increase in its full-year revenue for 2019 of Dh2.04 billion on the back of geographic expansion and diversification of products. However, net profit attributable to shareholders slid 35 per cent to Dh137m as a battle for market share cut into its margins.
“Our revenue growth demonstrates Agthia’s strength, led by our diversified product portfolio and increase in geographic footprint,” Jamal Salem Al Dhaheri, Agthia Group acting chief executive, said.
“Despite the competitive and aggressive activity in various segments, we continue to lead the market share against a backdrop of price promotions and changing consumer habits.”
Mr Al Dhaheri replaced Tariq Al Wahedi as the acting chief executive of Agthia earlier this year. He is also the chief executive of Senaat, the Abu Dhabi industrial conglomerate that owns Agthia and other companies including Emirates Steel, Ducab and Arkan Building Materials.
Established in 2004, Agthia owns assets in the UAE, Oman, Saudi Arabia, Egypt and Turkey. It manufactures a variety of brands in different categories including water, juices, flour, animal feed, processed fruits and vegetables, dairy and frozen baked products.
The company’s total assets increased marginally to Dh3.12bn as of December 31, compared to Dh2.96bn at the end of 2018, after implementing new accounting standards.
How much do leading UAE’s UK curriculum schools charge for Year 6?
- Nord Anglia International School (Dubai) – Dh85,032
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- Brighton College Abu Dhabi - Dh68,560
- Jumeirah English Speaking School (Dubai) – Dh59,728
- Gems Wellington International School – Dubai Branch – Dh58,488
- The British School Al Khubairat (Abu Dhabi) - Dh54,170
- Dubai English Speaking School – Dh51,269
*Annual tuition fees covering the 2024/2025 academic year
UAE currency: the story behind the money in your pockets
How has net migration to UK changed?
The figure was broadly flat immediately before the Covid-19 pandemic, standing at 216,000 in the year to June 2018 and 224,000 in the year to June 2019.
It then dropped to an estimated 111,000 in the year to June 2020 when restrictions introduced during the pandemic limited travel and movement.
The total rose to 254,000 in the year to June 2021, followed by steep jumps to 634,000 in the year to June 2022 and 906,000 in the year to June 2023.
The latest available figure of 728,000 for the 12 months to June 2024 suggests levels are starting to decrease.
Ticket prices
- Golden circle - Dh995
- Floor Standing - Dh495
- Lower Bowl Platinum - Dh95
- Lower Bowl premium - Dh795
- Lower Bowl Plus - Dh695
- Lower Bowl Standard- Dh595
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Dhadak 2
Director: Shazia Iqbal
Starring: Siddhant Chaturvedi, Triptii Dimri
Rating: 1/5
57%20Seconds
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The specs
Engine: 1.5-litre turbo
Power: 181hp
Torque: 230Nm
Transmission: 6-speed automatic
Starting price: Dh79,000
On sale: Now
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2.0
Director: S Shankar
Producer: Lyca Productions; presented by Dharma Films
Cast: Rajnikanth, Akshay Kumar, Amy Jackson, Sudhanshu Pandey
Rating: 3.5/5 stars
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MATCH INFO
Jersey 147 (20 overs)
UAE 112 (19.2 overs)
Jersey win by 35 runs
UPI facts
More than 2.2 million Indian tourists arrived in UAE in 2023
More than 3.5 million Indians reside in UAE
Indian tourists can make purchases in UAE using rupee accounts in India through QR-code-based UPI real-time payment systems
Indian residents in UAE can use their non-resident NRO and NRE accounts held in Indian banks linked to a UAE mobile number for UPI transactions
Celta Vigo 2
Castro (45'), Aspas (82')
Barcelona 2
Dembele (36'), Alcacer (64')
Red card: Sergi Roberto (Barcelona)
