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Tabreed, a leading international district cooling company based in the UAE, has celebrated its most successful year to date in 2023. In its Annual General Assembly, shareholders approved a record high dividend payment of 15.5 fils per share, representing a 15% increase from the previous year. The company also reported a 9% growth in revenue and a 25% increase in net profit before tax. Two new board members, Geert Bunkens and Marion Deridder Blondel, were appointed during the meeting. Tabreed's Chairman, Khaled Abdullah Al Qubaisi, highlighted the company's growth strategy and its role in global cooling discussions during COP28. The company added 53,000 refrigeration tons of new connections and six new plants to its portfolio in 2023, and operates in six countries, including India.
Al Ansari Financial Services has approved a cash dividend of AED 300 million for H2 2023 at its Annual General Assembly Meeting in Dubai. This brings the total dividend distributions for the fiscal year 2023 to AED 600 million. The company's financial statements for the year ended 31 December 2023 were also approved, along with various policies related to the remuneration of the Board of Directors and senior Executive management, the company's Dividends Policy, and the company's corporate social responsibility. The Chairman of Al Ansari Financial Services highlighted the company's strong financial and operational performance in 2023, attributing it to the company's strategic growth initiatives, innovation, and the support of stakeholders.