UAE: Al Ramz’s shareholders nod to $9mln dividends for 2022

The company’s general assembly meeting greenlighted the dividends on 28 March 2023, while the board members announced the proposal last February

Staff Writer, Mubasher

March 29, 2023

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Dubai: The shareholders of Al Ramz Corporation Investment and Development agreed to disburse cash dividends worth AED 32.99 million or 6 fils per share for 2022.

The company’s general assembly meeting greenlighted the dividends on 28 March 2023, while the board members announced the proposal last February.

In 2022, the DFM-listed firm recorded net profits worth AED 32.49 million, down from AED 54.51 million as of 31 December 2021.

Net finance income shrank to AED 29.38 million last year from AED 22.05 million in 2021, while the basic and diluted earnings per share (EPS) retreated to AED 0.06 from AED 0.10.

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