Thursday, October 10, 2024
Today’s News

Dividends of $115 Million are Approved by Investcorp Capital for 2024

For the fiscal year that concluded on June 30, 2024, Investcorp Capital realised a net profit of $105 million, as opposed to $113 million in 2023.

The company has met its goal of providing a minimum 8% dividend yield by approving $115 million in dividends, of which $60 million have been paid. This represents an annualised return of 13% for public shareholders since listing.

In a statement sent on Tuesday to the Abu Dhabi Securities Exchange, where its shares are traded, Investcorp Capital plc stated that the company’s gross operating income was $132 million as opposed to $126 million in 2023.

“We are pleased to deliver a strong inaugural set of full-year results since our listing in November 2023, achieving a net profit of $105 million,” said Mohammed Alardhi, Chairman of Investcorp Capital. As evidenced by our redevelopment project at New York’s JFK International Airport Terminal 6, we have grown into the infrastructure asset class during the period and have paid our dividend distribution under our commitment to investors. As we celebrate our first full year of results as a listed company, I thank our shareholders for their support. Additionally, I want to thank ADX, the Abu Dhabi Securities Exchange, for providing a top-notch business regulatory environment.

Also Read:

Transforming Skincare With A Visionary Approach At ISSADA Cosmetics: Deb Farnworth-Wood

The Future Of High-Speed Internet With VSL Networks LLP: Tarik Al Mamun Chowdhury

INTERVIEW

Press Release

Letest News

Health

Lifestyle

Business

Technology

Thursday, October 10, 2024

Entrepreneur Mirror is a platform with a significant focus on business, technology, startups entrepreneurship, leadership, innovation, content creation, prominent business personalities, and many more across the globe. Further, the company publishes interviews, business content, press releases, articles, etc. 

SUBSCRIBE

Copyright © 2024 Entrepreneur Mirror All Right Reserved