Abu Dhabi-based Al Yah Satellite Communications Company (Yahsat) has announced that its Board of Directors has approved an interim dividend of 8.40 fils per share for the first half of 2024, according to a report by WAM.
In a statement to the Abu Dhabi Securities Exchange (ADX) on Tuesday, Yahsat revealed that the dividend represents 8.40% of the nominal value of each share, totaling AED 204,940,703 ($55.79 million). These dividends will be distributed to shareholders who are registered by the close of business on Thursday, 12 September 2024.
In addition to this, the Board also approved the agenda for Yahsat’s upcoming General Assembly Meeting (GAM). The GAM is scheduled to take place on 26th September 2024, though the exact date may be subject to change, pending a decision by the Securities and Commodities Authority.
