Adnoc to pay Dh735m dividend

Adnoc Distribution said yesterday its shareholders have approved the board of directors recommendation to pay an interim dividend of Dh735 million, or Dh0.0588 per share.

Dr Sultan Al Jaber, UAE Minister of State and chairman of Adnoc Distribution’s board of directors, said: “Adnoc Distribution has been committed to a consistent dividend policy, underpinned by our strong financial results in the first half of 2018.” Shares closed 3.48 per cent lower at Dh2.22. (Staff Report)