ABU DHABI: Agthia Group held its Annual Common Assembly (AGM) right now, which was attended each, in-person and nearly, by shareholders on the Abu Dhabi Chamber of Commerce and Trade.
Through the assembly, shareholders authorized the Group’s monetary outcomes for the yr ending 31st December 2022 in addition to all different suggestions by the Board of Administrators, together with the board’s suggestion for an interim money dividend payment of 8.25 fils per share for the six-month interval ending 31st December, 2022, with a complete worth of AED 65.three million, equal to eight.25 p.c of the Firm’s share capital. The full quantity of dividends distributed in 2022 was AED130.6 million.
The board additionally authorized the board’s suggestion to extend the dimensions of the board, bringing the entire quantity of board members from seven to 9.
Following the nomination and voting process, the shareholders re-elected Khalifa Sultan Al Suwaidi, Salmeen Obaid Alameri, Gil Adotevi, Khamis Mohamed Buharoon Al Shamsi, and Sharmila Murat as board members, whereas Gianluca Fabbri and Khalaf Al Hamadi stepped down from their board positions. As well as, the shareholders appointed Svet Varadzhakov, Caitlin Nguyen, Mariam Al Remeithi, and Maurizio Patarnello to the board.
Khalifa Sultan Al Suwaidi commented, “On behalf of the entire board, I would like to express my gratitude to all our shareholders for their unwavering support and confidence in our leadership. In accordance with the UAE Government’s initiatives to increase the representation of women on the boards of local entities across the public and private sectors, I am pleased to welcome our new board members and am confident that through our collective efforts, we will build upon our past successes to reach even greater heights in future.”
Alan Smith, Group Chief Government Officer, commented, “On behalf of everyone at Agthia, I would like to extend a warm welcome to our returning and new board members. Our industry is constantly evolving, and as such, it is crucial that our leadership is forward-thinking, diverse, innovative, and strategic. I am delighted to see that a third of our board is now represented by accomplished female leaders, and I am confident that their breadth of experience and fresh perspectives will prove invaluable to our team as we navigate the ever-changing business environment. Agthia’s results over the past year are testament to the disciplined and methodical execution of our long-term strategy and transformative journey to becoming a leading food and beverage company in the MENAP region and beyond, and together, we will strive to deliver further value for all our shareholders and stakeholders alike.”
Agthia Group not too long ago introduced its monetary outcomes for the fiscal yr ending 31st December 2022 with Group Web Income up 33 p.c YoY to AED 4.07 billion and optimistic like-for-like income progress throughout all verticals. Web working earnings grew 36 p.c YoY, sustaining a worthwhile core whereas leveraging synergies and efficiencies throughout the Group, whereas Group Web Revenue attributable to shareholders grew 14 p.c YoY to AED 247 million.