Aramex’s OGM approves 13% dividends for 2020

Aramex’s OGM approves 13% dividends for 2020

Dubai –  Mubasher: The ordinary general meeting (OGM) of Aramex approved cash dividend distribution, equivalent to 13% of the company's paid-up capital, for 2020.

The cash dividend distribution is valued at AED 190.33 million, according to the company's disclosure to the Dubai Financial Market (DFM) on Thursday.

The shareholders have set the last entitlement date on 28 April 2021 and the payment date on 19 May 2021.

It is noteworthy to mention that in 2020, the company's net profits decreased by 42.7% to AED 285.014 million, compared to AED 497.4 million in 2019.