RAK Ceramics to pay $27.11mln dividends for H2-23

The UAE-based company highlighted that the full-year dividends stand at $54.15mln

Staff Writer, Mubasher

March 28, 2024

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Abu Dhabi – The general assembly meeting of RAK Ceramics approved cash dividends amounting to AED 99.37 million, equivalent to 10 fils per share, for the second half (H2) of 2023.

The UAE-based company highlighted that the full-year dividends stand at AED 198.74 million, representing 20 fils per share, according to a bourse disclosure.

The shareholders greenlighted the board’s dividends proposal on 26 March 2024.

Last year, RAK Ceramics recorded a 5.70% lower net profit at AED 320.85 million, compared to AED 340.10 million in 2022.

Revenues declined by 1.70% year-on-year (YoY) to AED 3.45 billion in 2023 from AED 3.51 billion.

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