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businesspress > Blog > Finance > Investcorp Capital Has Approved $115 Million in Dividends For 2024
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Investcorp Capital Has Approved $115 Million in Dividends For 2024

BusinessPress
Last updated: September 11, 2024 3:50 am
BusinessPress
Published September 11, 2024
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Investcorp Capital has Approved $115 Million in Dividends for 2024
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For the fiscal year that concluded on June 30, 2024, Investcorp Capital realised a net profit of $105 million instead of $113 million in 2023.

The company has met its goal of providing a minimum 8% dividend yield by approving $115 million in dividends, of which $60 million have been paid. This represents an annualised return of 13% for public shareholders since listing.

In a statement sent on Tuesday to the Abu Dhabi Securities Exchange, where its shares are traded, Investcorp Capital plc stated that the company’s gross operating income was $132 million instead of $126 million in 2023.

We are pleased to deliver an inaugural solid set of full-year results since our listing in November 2023, achieving a net profit of $105 million,” said Mohammed Alardhi, Chairman of Investcorp Capital. As evidenced by our redevelopment project at New York’s JFK International Airport Terminal 6, we have grown into the infrastructure asset class during the period and have paid our dividend distribution under our commitment to investors. As we celebrate our first full year of results as a listed company, I would like to thank all of our shareholders for their support. Additionally, I want to thank ADX, the Abu Dhabi Securities Exchange, for providing a top-notch business regulatory environment.

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