Dubai – Mubasher: The ordinary general meeting (OGM) of United Foods Company has approved to pay out cash dividends, equivalent to 65% of the company’s share capital, for fiscal year 2020.
The cash dividend distribution stands at 65 fils per share, aggregating at a total amount of AED 19.662 million, according to a bourse filing on Sunday.
It is noteworthy to mention that in 2020, the company’s net profits increased to AED 38.765 million from AED 28.71 million in the earlier year.
