APM Terminals recommends 2018 dividend of 109 per cent
The Board of Directors of APM Terminals Bahrain proposed distribution of final dividend for the year ended 31 December 2018 to the Ordinary Equity Shareholders of approximately 109 per cent of the Company’s capital. This is equivalent to approximately 109 fils per share, amounting to a total dividend of approximately BD 9.8 million.
This achieves a Dividend Yield of approximately 16.5pc on the initial offer price of 660 fils. Speaking on the occasion of the inaugural Board meeting, Chairman, David Skov, commented: “Our strong financial performance coupled with the recommendation of distribution of a dividend and last years highly successful IPO, is a testament to the progress we have made in recent years.”
Members of the newly constituted Board of APM Terminals Bahrain are David Skov – Chairman, Fawzi Ahmed Kanoo – Vice Chairman, Soren Sjostrand Jakobsen - Executive Director, Jesper Kjaedegaard – Non-Executive Director, Mohamed Bin Ebrahim Juma Alshoorgi – Independent Director and Nadhem Saleh Al-Saleh - Independent Director.
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