Generality of «Americana» approves the distribution of 61.42% in cash

The Annual General Assembly of Americana International Restaurants Company (plc) approved in its meeting on Tuesday the distribution of cash dividends of 61.42%, and by AED 0.045 per share, for the year 2022, equivalent to AED 380 million.

The company clarified in a disclosure to the bourse that the date of dividend distribution will be within a month from the date of the general assembly meeting.

The company indicated in the disclosure that the eligibility for dividends will be on April 4, 2023 for the company's shareholders registered with the Securities Depository Center Company (Edaa) at the end of the second trading day after the maturity date.

During its meeting yesterday, the General Assembly also approved the remuneration of the members of the Board of Directors of $ 231124 (848225 dirhams), including salaries, remuneration, expenses and fees of the members of the Board of Directors, and the approval of the remuneration policy, and the charter of the Audit Committee.

The shareholders discharged the members of the Board of Directors from liability for the financial year ended 31 December 2022, as well as the auditors, and appointed the auditors for the financial year ended 31 December 2023 and the first quarter of 2024 and determined their fees.

The annual financial results of Americana International Restaurants Company (plc) and its subsidiaries showed an increase in their net profit by 27.12% in 2022, to about 972.1 million riyals after zakat and tax, compared to about 764.69 million riyals in 2021.

Trading on Americana dual shares commenced on Tadawul Saudi Arabia and Abu Dhabi Securities Exchange on December 12, 2022.