Abu Dhabi-based Agthia Group PJSC has announced an interim cash dividend payment to the tune of AED65.31 million ($17.8 million) for the first six months period of 2022.
The dividend amounts to 8.25 fils per share.
The announcement on the interim dividend comes on the back of a strong financial performance by the company in the January-June 2022 period, posting a 51 percent jump in its revenues to reach AED2 billion.
The Group’s net profit attributable to shareholders grew to AED118 million for the period, a 74 percent increase as compared to H1 2021.
In April 2021, as part of the launch of its 2025 strategy to become an f&b leader in the MENAP region and beyond, the Group adopted a semi-annual dividend policy.
Agthia recently announced an AED90 million investment in a manufacturing facility in Saudi Arabia to drive growth for its protein vertical and in response to strong demand from local customers.
Also, in July 2022, the company board approved the acquisition of a strategic 60 percent stake in Auf Group, a specialised healthy snacks and coffee manufacturer and retailer in Egypt.
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