Amanat approves dividend distribution of AED150 million for FY 2021

Amanat approves dividend distribution of AED150 million for FY 2021

Amanat Holdings shareholders have approved all the resolutions, including the consolidated financial statements for the Fiscal Year (FY) ended 31st December 2021, and the Board of Directors' recommendation to distribute a cash dividend of 6 fils per share.

During the company's virtual General Assembly Meeting, the shareholders announced that the dividend distribution represents a total payout of AED150 million, representing the highest dividend payout by Amanat, equating to 53 percent of profit attributable to equity holders or 6 percent of the company's share capital.

Amanat recorded a net profit of AED280.8 million, a twenty-eight-fold increase year-on-year in FY-2021, the highest net profit figure to date supported by solid progress on the company's long-term strategic objectives from education and healthcare platforms.

Hamad Abdullah Alshamsi, Amanat's Chairman, commented,

"Having concluded a transformative year in Amanat's history, we have also marked the year with record returns to our shareholders. Our focus continues to be on value creation to derive growth in total shareholder returns, whether through deploying capital in new investments or growing our existing investments into scalable businesses ripe for attractive liquidity events in the future.

"Amanat is well-positioned to capture growing demand led by our strong portfolio of market-leading assets across post-acute care, higher education amongst other opportunities in specialized care verticals and K-12."

News Source: Emirates News Agency

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