Abu Dhabi’s top-performing companies, including Fertiglobe, are generously rewarding their shareholders for their strong performances in 2022
Abu Dhabi’s top-performing companies have proven once again their resilience and strength in the face of economic challenges. Despite the global pandemic and its widespread effects, these blue-chip companies have managed to not only maintain but exceed their financial targets for the year 2022. As a result, shareholders of these companies are being handsomely rewarded for their investments.
Fertiglobe, a leading producer of nitrogen-based fertilizers, has emerged as one of the top-performing companies in Abu Dhabi. In 2022, the company reported a net profit of AED 1.5 billion, which is a remarkable achievement considering the global economic slowdown. Fertiglobe’s impressive performance can be attributed to its strategic focus on cost optimization, enhanced production efficiency, and increased market penetration.
In recognition of its strong performance, Fertiglobe has announced a generous payout to its shareholders. The company has proposed a dividend of AED 0.25 per share, which represents a significant increase from the previous year’s dividend of AED 0.18 per share. The total payout amounts to AED 750 million, making it one of the largest dividends ever paid out by a company in Abu Dhabi.
Another company that has delivered impressive results is Etisalat, the UAE’s leading telecommunications provider. Despite the intense competition in the market, Etisalat has managed to maintain its market share and achieve record-breaking financial results. In 2022, the company reported a net profit of AED 9.2 billion, which is a 3.8% increase from the previous year.
Etisalat’s strong performance has been attributed to its continued focus on innovation and customer-centricity. The company has invested heavily in its digital infrastructure, including 5G technology and fiber-optic networks, to provide customers with high-quality services. Additionally, Etisalat has launched several new products and services to cater to the evolving needs of its customers.
In recognition of its exceptional performance, Etisalat has proposed a dividend of AED 0.4 per share, which represents a 5.3% increase from the previous year’s dividend. The total payout amounts to AED 8.5 billion, which is a significant boost for shareholders.
Another notable company that has performed exceptionally well is Abu Dhabi National Energy Company (TAQA). In 2022, TAQA reported a net profit of AED 2.3 billion, which is a 22% increase from the previous year. The company’s impressive performance can be attributed to its strategic focus on cost optimization, increased efficiency, and improved asset management.
In recognition of its strong performance, TAQA has proposed a dividend of AED 0.18 per share, which represents a 20% increase from the previous year’s dividend. The total payout amounts to AED 667 million, which is a significant boost for shareholders.
Overall, the performance of these companies demonstrates the strength and resilience of the Abu Dhabi economy. Despite the challenges posed by the pandemic, these companies have managed to exceed their financial targets and provide significant returns to their shareholders. The generous dividends announced by these companies are a testament to their commitment to delivering value to their investors.
Moreover, the strong performance of these companies is a positive sign for the future of the Abu Dhabi economy. As these companies continue to invest in innovation and technology, they will drive economic growth and create new opportunities for businesses and individuals alike. The government’s commitment to creating a favorable business environment and supporting these companies has also played a crucial role in their success.
In conclusion, the top-performing companies in Abu Dhabi have set an example for others to follow. Their focus on innovation, cost optimization, and customer-centricity has enabled them to weather the storm of the pandemic and emerge stronger. As we move into 2021, companies in Abu Dhabi should strive to replicate their success and continue to build a strong economy for the future. Thank you for your time!
