The Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) revealed that its board of directors approved the distribution of interim dividend, according to Zawya.

The company nods to distribute around AED 1.194 billion or AED 0.0955 per share to its shareholders for the first six months of 2019.

This dividend distribution marks the first payment under the company’s new dividend policy approved by shareholders in April 2019.

The second and final dividend for 2019 is supposed to be paid in April 2020, according to the board’s recommendation, ADNOC Distribution pointed out.