Dividends

Dividend Policy

A first dividend of at least AED 71 million for the fourth quarter of 2023 is expected to be distributed in April 2024.
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Thereafter, DTC intends to pay dividends twice each fiscal year, in April and October.
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For fiscal year 2024 and the years thereafter, DTC expects to pay at least 85% of the annual profit for the year available for distribution. This dividend policy is designed to reflect expected cash flow generation and expected long-term earnings potential, while allowing the Company to retain sufficient capital to fund ongoing operating requirements and continued investment for long term growth.
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The dividend policy is subject to consideration by the Board of Directors on an annual basis. Considerations include but are not limited to factors including market conditions, the current operating environment, the cash management requirements of the Company, operating expenses, finance costs and anticipated capital expenditures and investments, and the Board of Directors’ outlook for the Company’s business and growth opportunities.

Dividend History