UAE: DP World Holds Annual General Meeting

DP World Holds Annual General Meeting

 

DP World Limited held their Annual General Meeting (AGM) in respect of the full year 2011 this morning, with all resolutions put to shareholders passed, with over 99% of the votes cast in favour.

Shareholders voted in favour of the re-appointment of all eight Directors of the DP World Board.

The resolutions also included the approval of a dividend of 24 US cents per share for the full year 2011.

Chairman Sultan Ahmed Bin Sulayem said;

“On behalf of the Board of DP World I am pleased to announce that our shareholders have approved the dividend in respect of the full year 2011. The dividend of 24 US cents per share will be paid on 2 May 2012.”

During the meeting Chairman, Sultan Ahmed Bin Sulayem updated shareholders on DP World’s performance in first quarter of the year4 saying;

Across our global portfolio of marine terminals, DP World has seen a 9.5% increase in gross volumes in the first quarter of 2012 handling 13.8 million TEU (twenty-foot equivalent units).

“This growth was driven by an excellent performance in our Asia Pacific and Indian Subcontinent region which reported 14.6% growth in volumes as new capacity across the region supported strong growth across our Asia Pacific portfolio. Growth in Europe, Middle East and Africa region was 4.4% with a good performance in the Middle East and Africa mitigating the ongoing challenging operating environment in Europe. The Americas and Australia region reported growth of 8.7% driven by a very strong performance in the Americas region.”

“Jebel Ali, UAE has continued to deliver strong volume growth handling 3.2 million TEU in the first three months of the year, 8.5% ahead of the same period last year.”

Dredging Today Staff, May 1, 2012

Share this article

Follow Dredging Today

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

2019 Western Dredging Association Gulf Coast Chapter Annual Meeting

The meeting will provide a forum for the exchange of information of interest to the dredging industry and its associates.

read more >

Global Dredging Forum

2 day conference on the commercial activities of ports. How to meet the global demands of new vessels in an increasingly competitive market.

read more >

Eastern Chapter WEDA Fall 2019 Conference

Wednesday (10/16/19) afternoon will start the program with an opportunity to take the Dredging 101 course.

read more >

DREDGING FOR SUSTAINABLE INFRASTRUCTURE INDIA

At this 1-day conference, you will experience what it means to apply this new approach in practice.

read more >

Jobs>

Dredging jobs in Abu Dhabi at NMDC

National Marine Dredging Company “NMDC” aims to be the largest dredging player in the Arab’s Gulf region...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below...

apply

Looking to fill a job opening?

By advertising your job here, on the homepage of DredgingToday.com, you'll reach countless professionals in the sector. For more information, click below....

apply