Press releases, Reports & Disclosures for AGTHIA Group

Agthia Group PJSC, a leading food and beverage company in the region, held its Annual General Meeting where shareholders approved the Group's financial results for the fiscal year 2023 and the allocation of cash and stock dividends. The Board of Directors had recommended a cash dividend payment of 18.5 fils per share for the year, as well as bonus shares at the rate of 5% of share capital, based on Agthia's strong financial performance in 2023. The Group had already paid an interim cash dividend of 8.25 fils per share for the first half of 2023, aligning with its semi-annual dividend policy. The total dividends distributed for the year amounted to AED 146.5 million, a 12% increase compared to 2022. Agthia Group reported a strong fiscal performance in 2023, with Group net revenue growing over 12% year-on-year to reach AED 4.56 billion.

Agthia Group PJSC has notified its shareholders about the upcoming Annual General Assembly Meeting, scheduled for 23 April 2024 at 11:00 AM. The meeting can be attended either physically or virtually. To access the meeting and complete the registration formalities, shareholders are advised to use the link www.smartagm.ae. The notice is also copied to the Securities and Commodities Authority (SCA) in Abu Dhabi, UAE.

Agthia Group, a leading food and beverage company in the UAE, has successfully completed the integration of BMB Group, a regional healthy snacks and food company, into its Snacking Division. The integration process, during which the founders of BMB Group shared their expertise with Agthia, marks the end of the transition period. Agthia has consolidated the remaining 20% economic interest in BMB Group, which is known for its innovative confectionery, healthy snacks, and food products. The Agthia Snacking Division will continue to manage BMB and develop the company to strengthen its position in the MENA region's snacking sector. BMB Group, headquartered in Dubai, manufactures and distributes a wide variety of products for its own brands and partners.

Resolution No. (352) of 2024 announces the temporary suspension of trading on AGTHIA Group shares. This is due to the group's AGM being held at 11:00 on 23-Apr-2024, which coincides with the trading session at ADX. The trading suspension will start from 09:00 on the same day until the AGM results are received by ADX. All department heads at ADX are required to execute this resolution. The resolution will be circulated to SCA, the concerned company, all departments at ADX, and all brokers accredited by ADX. The resolution was issued on 28/03/2024.

The text is a report and consolidated financial statements of AGTHIA GROUP PJSC for the year ending on 31st December 2023. The document provides a detailed account of the company's financial performance over the said fiscal year.