Agthia Group AGM approves dividends and new board members

Agthia Group AGM approves dividends and new board members

Abu Dhabi, UAE:- Agthia Group PJSC, one of the region's leading food and beverage companies, hosted its Annual General Meeting today, which was attended both, in-person and electronically, by shareholders at the Abu Dhabi Chamber of Commerce and Industry.

During the meeting, shareholders accepted the Group's financial results for the year ending 31 December 2022 as well as all other recommendations by the Board of Directors, including:

- Distribution of Cash Dividends: Accepted the board's recommendation for an interim cash dividend payment of 8.25 fils per share for the six-month period ending December 31, 2022, with a total value of AED 65.3 million, equivalent to 8.25% of the Company's share capital. The total amount of dividends distributed in 2022 was AED130.6 million.

- Changes to Board Size and Composition: Accepted the board's recommendation to increase the size of the board, bringing the total number of board members from seven to nine.

- Election and Appointment of Board Members: Following the nomination and voting procedure, the shareholders re-elected Khalifa Sultan Al Suwaidi, Salmeen Obaid Alameri, Gil Adotevi, Khamis Mohamed Buharoon Al Shamsi, and Ms. Sharmila Murat as board members, while Gianluca Fabbri and Khalaf Al Hamadi stepped down from their board positions. In addition, the