The Board expects to maintain a flexible dividend policy with a view to balancing the availability of funds for dividend distribution with pursuing growth opportunities that generate solid returns.

We will adjust dividend policy from time to time based on our expected cash flows and our capital expenditure requirements. Our dividend policy will be guided by the following objectives:

  • optimal combination of the Company's interests and the interests of its Shareholders;
  • improvement of investment appeal and capitalisation of the Company;
  • maximisation of profitability of the Company's business and, consequently, of the net profit available for dividend payments;
  • the availability of distributable profits; and
  • stability and consistency of dividend pay-outs in the medium to long-term.

As a holding company, our ability to make distributions depends on the receipt of dividends from its subsidiaries and associated companies.