ADNH is providing shareholders Dh400m as cash-and-stock returns
Abu Dhabi National Hotels cashed in on the UAE’s rapid get better from Covid disruptions, to provide a strong 52 percent boost in 2022 net profit to Dh415 million. Income increases were similarly remarkable, by 35 percent, to Dh1.46 billion from Dh1.08 billion.
The business validated it will be distributing Dh200 million in cash and one more Dh200 million as stock dividends for 2022, representing 40 per cent of the share resources as well as 96 percent of 2022’s web revenue.
ADNH’s resorts kipped down revenues of Dh1.21 billion from Dh873 million, with the profit tally at Dh281 million. For 2023, “We are confident in our capability to continue delivering superior outcomes while likewise being prepared to adjust to prospective obstacles positioned by the international and also local economic situation,” stated Sheikh Saif Container Mohammed Bin Butti Hamed AlHamed, Chairman, in a declaration.
Last Updated: 08 February 2023
