Dubai: Shareholders in ADX-listed Fertiglobe will have reasons to be pleased – they will be getting a share of $700 million (Dh2.6 billion) as second-half 2022 dividend and taking the full-year tally to $1.3 billion.

"Fertiglobe’s dividend policy is to substantially pay out all excess free cashflows after providing for growth opportunities, while maintaining investment grade credit ratings," said Ahmed El-Hoshy, CEO of Fertiglobe. "(The)  management announces H2-2022 dividends in line with previous guidance, at $700 million (or the equivalent of AED 0.31 per share), payable in April 2023.

"During calendar year 2022, Fertiglobe paid cash dividends of $1.1 billion."