Agthia Group shareholders approve 19.0% increase in full-year dividends at Annual General Meeting
Cairo: Agthia Group PJSC ('Agthia' or 'the Group'), one of the region's leading food and beverage companies, held its Annual General Meeting today. During the meeting, shareholders approved the Group's financial results for the year ending 31 December 2024, as well as all other recommendations by the Board of Directors, including the recommendation to distribute a cash dividend of 21.03 fils per share for the full year 2024, totaling AED 175 million a 19.0% increase compared to 2023. This includes a second-half dividend of 10.72 fils per share, in line with the Group's semi-annual dividend policy. An interim dividend of 10.31 fils per share (AED 85.7 million) was already paid for the first half of the year, underlining Agthia's commitment to delivering sustained shareholder value.
Khalifa Sultan Al Suwaidi, Chairman of Agthia Group, said: 'The Board's recommendation and subsequent approval of a 19% year-on-year increase in full-year dividends reflects our ongoing commitment to creating sustainable, long-term value to our shareholders. Our progressive dividend policy remains a key pillar of shareholder engagement, underscoring our confidence in the Group's strategic direction and operational strength. As we continue to pursue growth across regional and international markets, we remain firmly focused on unlocking further value in the years to come to all our stakeholders.'
Agthia Group recently reported a solid fiscal performance in the financial year 2024, with Group net revenue growing over 7.7% year-on-year to reach AED 4.9 billion. While Group EBITDA declined 1.5% year-on-year to AED 679 million, reflecting pressures in parts of the business, strong performances from Abu Auf and core UAE businesses helped partially offset the impact. Group's Reported Net Profit climbed 7.4% to AED 321.8 million, with earnings per share up 7.9%, reinforcing Agthia's resilience in navigating complex operating environment while delivering shareholder value and remaining well-positioned for sustainable growth and strategic expansion.
About Agthia
Agthia Group PJSC is a leading Abu Dhabi-based food and beverage company. Established in 2004, the Company is listed on the Abu Dhabi Securities Exchange (ADX) and has the symbol 'AGTHIA'. Agthia Group PJSC is part of ADQ, one of the region's largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi's diversified economy. The Group's assets are located in the UAE, Saudi Arabia, Kuwait, Oman, Egypt, Turkey, and Jordan. Agthia offers a world-class portfolio of integrated businesses providing high-quality and trusted food and beverage products for consumers across the UAE, GCC, Turkey, the wider Middle East, South America and Asia. More than 12,000 employees are engaged in the manufacturing, distribution, and marketing of various products in categories such as Water & Food (Al Ain Water, Al Bayan, Alpin Natural Spring Water, VOSS, Al Ain Food & Trading Items); Snacking (Al Foah, Al Faysal Bakery & Sweets, BMB, Abu Auf); Protein and Frozen (Nabil Foods, Atyab, Al Ain Frozen Vegetables); and Agri-Business (Grand Mills, Agrivita).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Campaign ME
36 minutes ago
- Campaign ME
Private Jet Media expands network to reach APAC's HNWIs
Private Jet Media, a regional specialist in high-end advertising platforms, has announced a significant expansion of its private jet terminal network across the Asia-Pacific (APAC) region. The move aims to meet increasing demand for premium media environments targeting high-net-worth individuals (HNWIs) across Asia's fast-growing luxury markets. The new rollout includes digital advertising and activation zones at private aviation terminals in key APAC cities including Sydney, Melbourne, Brisbane, Hong Kong, Macau, Jakarta, Kuala Lumpur, Manila, Singapore and Bangkok. Across these locations, 30 high-resolution digital screens and experiential spaces will be made available to advertisers seeking direct access to affluent travellers in exclusive aviation settings. 'We're incredibly excited about the potential this expanded network brings—not just for Private Jet Media, but for the visionary brands we partner with. For the first time, C-suite executives and ultra-high-net-worth travellers across APAC are reachable in a highly curated, premium environment—with full category exclusivity. This is a powerful opportunity to engage the region's most influential audience at scale, in moments of privacy, influence, and intent,' said, Alexander Haddad, CEO – APAC, Private Jet Media. With Asia now home to more than 7 million HNWIs—according to recent wealth reports—the expansion presents an opportunity for GCC-based luxury brands to connect with a growing, high-value audience in curated, high-impact environments. From fashion and jewellery to real estate, banking and hospitality, brands can benefit from placements in private terminals designed to reach individuals at moments of high influence and minimal distraction. 'This expansion is about creating a seamless, high-impact platform for brands to connect with UHNW travelers at key decision-making moments,' said Banan Abu Sitta, commercial director in Private Jet Media. 'GCC brands looking to grow their visibility in Asia will benefit immensely from this strategic footprint, engaging audiences in the most refined settings imaginable.' The expansion follows increased interest in private aviation across Southeast Asia and Greater China, driven by growth in wealth creation, family offices, and luxury travel preferences. The new network builds on Private Jet Media's existing presence in the GCC and Europe, extending its footprint to more than 50 terminals worldwide.
Zawya
2 hours ago
- Zawya
ADIO, ADPIC strategic partnership to advance PPP delivery in Abu Dhabi
The Abu Dhabi Investment Office (ADIO) and the Abu Dhabi Projects and Infrastructure Centre (ADPIC) have signed a strategic partnership agreement to establish a collaborative operating model that supports the planning, structuring, and procurement of public-private partnerships (PPPs) for infrastructure projects across the Emirate. Witnessed by Ahmed Jasim Al Zaabi, Chairman of the Abu Dhabi Department of Economic Development (ADDED) and ADIO, and Mohamed Ali Al Shorafa, Chairman of the Department of Municipalities and Transport, the agreement was signed by Badr Al-Olama, Director-General of ADIO and Eng. Maysarah Mahmoud Eid, Director-General of ADPIC during the Abu Dhabi Infrastructure Summit (ADIS) 2025. The partnership introduces a unified operating model that connects the pipeline of infrastructure projects with seamless transaction execution. This integrated approach is designed to improve coordination, enable the early identification of PPP opportunities, streamline approval processes, and embed stronger accountability and governance throughout the project lifecycle. By aligning ADPIC's mandate as the coordinating body for Abu Dhabi's infrastructure pipeline with ADIO's expertise in investor attraction, deal structuring, and infrastructure finance, the partnership creates an effective, faster, and more efficient framework for the delivery of capital projects. Badr Al-Olama said, 'This strategic partnership between ADIO and the Abu Dhabi Projects and Infrastructure Center will contribute to attracting private capital to actively participate in the implementation of high-quality strategic infrastructure projects in the Emirate of Abu Dhabi. It also supports efforts aimed at providing an attractive and reliable investment environment for investors and empowers government entities to efficiently execute their projects and achieve their objectives.' Maysarah Mahmoud Eid said, "This collaboration reflects our commitment to reimagining how infrastructure is delivered across Abu Dhabi. Public-private partnerships have the potential to unlock greater impact when guided by a clear, coordinated, and future-focused framework. Together with ADIO, we are enabling a more responsive model that connects ambition with delivery supporting government entities, attracting trusted partners, and ultimately creating lasting value for our communities." Effective immediately, the agreement will be governed by a unified framework of joint performance indicators and scheduled inter-agency coordination. It builds on Abu Dhabi's expanding track record of infrastructure partnerships, including a collaboration with the Abu Dhabi Department of Education and Knowledge to deliver three modern schools in Zayed City. Another example includes a project to install energy-efficient LED lighting across Abu Dhabi roads, implemented in partnership with the Department of Municipalities and Transport. This project will be the first initiative of its kind to be delivered through a public-private partnership model for road lighting in the GCC. As the central authority for enabling investment and delivering infrastructure partnerships, ADIO continues to lead the development of scalable, high-impact projects that reinforce Abu Dhabi's position as a globally competitive, investor-friendly economy.
Zawya
2 hours ago
- Zawya
Etihad Rail in deal to drive strategic infrastructure alignment in Abu Dhabi
Etihad Rail, the developer and operator of the UAE's national railway network, has signed a MoU with the Abu Dhabi Projects and Infrastructure Center (ADPIC) in a move aimed at enhancing strategic alignment, effective planning and co-ordinated execution of infrastructure projects, thereby supporting the UAE capital's broader development objectives. The collaboration will focus on several key areas, including knowledge exchange for studies, designs, engineering plans, and development strategies related to Etihad Rail's projects. Under the terms of the agreement, both parties will work to identify potential areas to integrate infrastructure projects, ensuring alignment with Abu Dhabi's five-year capital projects plan, said Etihad Rail in a statement. Moreover, the MoU aims to foster private sector engagement and investment opportunities around Etihad Rail's stations and assets. This initiative will drive joint research and innovation in key areas such as urban planning, infrastructure, and project management, ensuring the development of cutting-edge solutions. Additionally, the MoU seeks to enhance capacity building through the creation of joint training programs, annual knowledge-sharing sessions, and active participation in relevant events, conferences, and forums, said the statement. These efforts collectively aim to strengthen collaboration, drive innovation, and promote sustainable growth within the rail sector, it stated. "This collaboration with ADPIC marks a pivotal step forward in our mission to develop world-class railway infrastructure for the UAE, aimed at enhancing the lives of our citizens and communities," remarked Etihad Rail CEO Shadi Malak after signing the deal with ADPIC Director General Maysarah Mahmoud Eid. It was signed at the recent Abu Dhabi Infrastructure Summit (ADIS) 2025 in the presence of Mohammed Ali Al Shorafa, Chairman of Abu Dhabi Department of Municipalities and Transport. This MoU, he stated, reflects a shared ambition to deliver integrated, future-ready infrastructure that supports Abu Dhabi's emergence as a globally competitive, connected, and sustainable capital. Mahmoud Eid said this strategic partnership with Etihad Rail exemplifies ADPIC's commitment to unified and optimised capital project delivery across Abu Dhabi. "By aligning our infrastructure planning and governance frameworks, we're ensuring every project contributes meaningfully to national priorities while enhancing budget efficiency," he stated. "This collaboration will drive private sector participation, strengthen our focus on liveability outcomes, and advance sustainability standards—all critical elements in building a resilient, future-ready Abu Dhabi that improves quality of life for its residents while supporting the Emirate's long-term economic vision," he added. According to him, the collaboration not only accelerates the delivery of state-of-the-art projects but also establishes a robust framework for sustainable growth and economic diversification. By leveraging collective expertise and fostering private sector engagement, both entities aim to create a resilient and future-ready infrastructure that will serve as a cornerstone for Abu Dhabi's continued development and stands as a testament to the UAE's vision of becoming a leading hub for advanced infrastructure and seamless connectivity, he added.-TradeArabia News Service Copyright 2024 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
