Amanat's OGM agrees on 2.2% dividends; delisting from DFM

The shareholders also agreed on delisting the company from DFM


Dubai – Mubasher: The ordinary general meeting (OGM) of Amanat Holdings has approved to pay out cash dividends of 2.2% of the share's nominal value or 2.2 fils per share for fiscal year 2019.

During the meeting, the shareholders also agreed on delisting the company from the Dubai Financial Market (DFM) and relisting it on the Abu Dhabi Securities Exchange (ADX), according to the company's disclosure to DFM on Wednesday.

Hence, the company's head office and legal place will be established in Abu Dhabi, and the board may set up branches and offices for the company inside and outside the UAE.

In 2019, the company's net profits jumped by 39.8% year-on-year (YoY) to AED 60 million when compared to 2018.

Source: Mubasher

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