Tuesday, Mar 12, 2013
Abu Dhabi: Waha Capital PJSC announced that its board of directors recommended the distribution of a dividend to shareholders of 6 per cent of its paid-up share capital (i.e. 6 fils per share).
The dividend will have to be approved by shareholders at the company’s annual general meeting (AGM). The Board further proposed holding the company’s AGM on Thursday, 4 April 2013 at 3pm, at a venue to be determined in Abu Dhabi. Shareholders will consider and vote on the company’s financial statements, proposed dividend, and confirmation of Board remuneration packages, as well as the appointment of the company’s auditors. The full AGM agenda will be released as soon as it is approved by the Securities and Commodities Authority (SCA). Waha Capital reported earlier a net profit of Dh214.44 million for the 2012 financial year, with a net profit of Dh183.47 million in the fourth-quarter.
Staff Report
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