Emirates Driving Company distributes 34% cash dividend for 2024
13 Mar 2025 17:57
ABU DHABI (WAM) Emirates Driving Company, listed on the Abu Dhabi Securities Exchange (ADX), announced that its General Assembly, convened on March 11, 2025, approved a cash dividend distribution to shareholders for the fiscal year ended December 31, 2024.The approved dividend is set at 34 percent of the company's share capital, amounting to a total of Dh183,164,256, equivalent to 17 fils per share, yielding a 6.25 percent return based on the closing price as of March 11, 2025.This distribution is an extension of the company's consistent approach to providing rewarding returns to shareholders and distributing cash dividends over the years.The company has maintained a stable policy of regularly and continuously sharing its successes with shareholders.The Board of Directors emphasised their commitment to further supporting the company's strategic direction and strengthening its financial and operational position by focusing on investment in modern technologies, Artificial Intelligence (AI), and human capital development.They stressed the importance of integrating efforts between the executive management and the various business units to ensure the realisation of growth objectives and expansion into new and diverse sectors and activities.
The Board members also commended the efforts made to solidify the company's leadership position in the driving education market for 25 years, and to fulfil its vision of creating a safe and responsible driving environment for the community.
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