Afaq Holding Co." for Investment and Real Estate Development Recommends the Distribution of Cash Dividends to Shareholders

Afaq Holding Co." for Investment and Real Estate Development Recommends the Distribution of Cash Dividends to Shareholders

2018-04-18

The General Assembly of Afaq Holding Co. for Investment and Real Estate Development (MANR), marked by the logo of (Manaseer Investment) has ratified the distribution of cash dividends to shareholders of 4.22%, of the par value of each share.                                 

This step had come through the 12th meeting of regular General Assembly held by the company on 18 April 2018.

The Vice Chairman of the Board of Directors Mr. Muin Qadada had welcomed the shareholders at the beginning of the meeting, and thanked warmly their interest in attending the meeting, apart from participating effectively in the company's advanced process.

Mr. Muin Qadada also pointed out the commitment of Afaq Holding Co. for Investment and Real Estate Development to achieving the strategic objectives and tackling various issues, this step comes through its subsidiaries represented by Jordan Modern Ready Mix Concrete Co. and the Advanced Co. for Land Transport and Freight and Al-Roa'a Co. for Maintenance and Spare Parts, The year of 2017 was an average year for the results of the company's business because of the political events that happend the countries of the Middle East region, which has had a major impact on the various economic sectors, including the industrial sector, but we count on the elements of power in the country, which calls for reassuring the sector and optimism For a promising future that achieves achievement and increase sales and profits despite all the difficult challenges, but Afaq Investment and Real Estate Development Holding has not failed to do its best by concentrating and acquiring most of the major projects and upgrading the provision of everything that is new and serves the citizen.

A number of shareholders expressed their acknowledgement and gratitude for the level of cooperation and engagement, pointing out the positive aspects of the company in its operational and administrative aspects

In conclusion, allow me to express warm thanks to our shareholders for their lasting confidence in us, and for the Board of Directors' members, the directors of the subsidiaries and all employees, for their remarkable efforts during 2017, particularly the Delegate of General Observer of Companies, asking the Almighty to guide us all for the service of our company, aiming at achieving excellence in regard of our achievement during the year of 2018 under the auspices of His Majesty King Abdullah II Ibn Al Hussein.