ADNOC Distribution approves Dh735m dividend distribution

Dubai: ADNOC Distribution said on Sunday it’s 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 the ADNOC Distribution Board of Directors, said: “ADNOC Distribution has maintained its commitment to a progressive and consistent dividend policy, which is

underpinned by our strong financial results delivered in the first half of 2018.”

ADNOC Distribution shares closed 3.48 per cent lower at Dh2.22.