Today's Edition
ABU DHABI (ALETIHAD)
Palms Sports, a subsidiary of International Holding Company (IHC), has announced the distribution of cash dividends totalling Dh85 million to its shareholders, representing 56.7% of the nominal share value, or Dh0.567 per share. The distribution reflects the company’s strong financial position and its continued commitment to delivering consistent returns to investors.
Since its listing in 2019, this marks the third consecutive year in which Palms Sports has distributed dividends to shareholders, underscoring the company’s disciplined financial policies and sustained profitability. Over the past three years, the company has distributed Dh235 million in dividends, representing approximately 156% of its paid-up capital, reflecting the strength of its financial performance and capital management framework.
The dividend distribution follows another year of solid financial and operational performance in 2025, during which the company recorded significant growth across its core business segments. Palms Sports said it continues to benefit from a diversified operating model, strong operational execution and long-term partnerships with key government institutions and national organisations.
Over the years, the company has built a strong reputation as a trusted partner to numerous government entities and public institutions, delivering large-scale sports training programmes, youth development initiatives and community health and fitness projects across the UAE. The company said this positioning has reinforced investor confidence in its long-term growth prospects and operational resilience.
The dividend policy reflects a balanced approach to capital allocation, ensuring shareholder returns while maintaining resources to support strategic expansion, innovation and the development of large-scale sports and community initiatives.
The distribution was announced following the company’s Annual General Assembly Meeting held on March 4 during which shareholders reviewed the company’s performance and strategic outlook.
Palms Sports said it remains focused on strengthening its leadership position in the sports and training sector while promoting physical wellbeing, youth development and social cohesion through sports across the communities it serves.
