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

2017-04-03

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 11.25%, of the par value of each share, stood at 112.5 fils per share, with a total of 9 million JDs.

This step had come through the eleventh meeting of regular General Assembly held by the company on 30 March 2017.

The consolidated company's sales and revenues reached to 97,391,757 JDs, in comparison with 90,480,710 JDs in 2015.

While the consolidated net profits were of 9.720.985 JDs, compared to 11.561.822 JDs in 2015.

The Vice Chairman of the Board of Directors 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.

 

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, including the modernization of fleet machinery, with the aim of becoming more efficient and effective, which is reflected in the growth of the company's profits year over year.

After the discussion had been taken place on agenda, the Vice Chairman of the Board of Directors pointed out the commitment of Afaq Holding Co. for Investment and Real Estate Development aiming at 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, apart from Al-Roa'a Co. for Maintenance and Spare Parts.

The Vice Chairman of the Board of Directors added, "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 2016, 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 2017 under the auspices of His Majesty King Abdullah II Ibn Al Hussein.