Response Plus Holding, a UAE-based company engaged in the provision of diversified services, has declared a dividend distribution of AED 14 million for the year 2022. The announcement was made after the company’s annual general meeting (AGM) held on May 1, 2023.
The dividend payment represents a payout of AED 0.15 per share for the company’s shareholders. The payment will be made on June 1, 2023, to all shareholders who are registered as of the end of trading on May 15, 2023.
This decision to distribute dividends reflects the strong financial performance of Response Plus Holding during the past year, as well as its commitment to creating value for shareholders. The company reported a net profit of AED 80 million for the year 2022, up from AED 65 million in the previous year.
Commenting on the announcement, the Chairman of Response Plus Holding, said, “We are pleased to announce the dividend distribution of AED 14 million for the year 2022. This reflects our commitment to creating value for our shareholders while maintaining a strong financial position.”
He further added, “We remain focused on achieving sustainable growth by investing in our core business and expanding our services into new markets. We believe that our diversified business model and strategic partnerships position us well to capitalize on growth opportunities and deliver long-term value for our shareholders.”
Response Plus Holding provides a range of services, including logistics, transportation, security, and staffing solutions. The company has a strong presence in the UAE and other Gulf Cooperation Council (GCC) countries, and it is expanding its services into new markets, including Asia and Africa.
Response Plus Holding has a proven track record of delivering high-quality services to its clients, which has helped it establish a strong reputation in the industry. The company’s logistics and transportation solutions have been critical in ensuring the smooth flow of goods and people across various industries, including oil and gas, construction, and hospitality.
In addition, Response Plus Holding’s security solutions have been instrumental in ensuring the safety and protection of people and assets in the UAE and other GCC countries. The company’s highly trained security personnel and state-of-the-art security technology have helped it become a preferred security partner for a wide range of clients, including government entities, multinational corporations, and high-net-worth individuals.
Furthermore, Response Plus Holding’s staffing solutions have been vital in meeting the diverse staffing needs of its clients across various industries. The company’s highly skilled and experienced workforce has enabled it to provide a range of staffing solutions, including temporary staffing, permanent staffing, and executive search services.
As the company expands into the hospitality sector, it is expected to leverage its expertise and experience in providing high-quality services to deliver an exceptional guest experience. The introduction of a new global hotel brand is also expected to strengthen the company’s position in the market and provide it with new growth opportunities.
The dividend distribution announcement is likely to attract more investors to Response Plus Holding, as it demonstrates the company’s strong financial performance and commitment to shareholder value. The company’s management team has a proven track record of delivering results, and its strategic focus on expanding its services into new markets is expected to create new growth opportunities in the years ahead.
Overall, Response Plus Holding is a well-diversified company with a strong reputation for delivering high-quality services to its clients. The company’s expansion into the hospitality sector and the introduction of a new global hotel brand is expected to further strengthen its position in the market and provide new growth opportunities. The dividend distribution announcement is a reflection of the company’s strong financial performance and commitment to creating long-term value for its shareholders.
In conclusion, the dividend distribution announcement is expected to further strengthen the confidence of Response Plus Holding’s shareholders in the company’s performance and growth prospects. It also underlines the company’s commitment to creating long-term value for its shareholders and maintaining a strong financial position.
