The Board has declared a total dividend of Rs 121m. This equates to Rs 2.68 per share and represents a 3.5% increase on the previous year.
Although there were no changes to our Board in 2018, we took the opportunity to reconfigure our Board committees to take full advantage of the expertise and considerable experience of our Board. I take this opportunity to thank our Board members for their time, commitment and contributions throughout 2018.As we take stock of what has most certainly been an ambitious year, we must applaud the success of many of our business units in achieving and often exceeding their objectives. Their collective efforts lay the ground work for sustainable business growth. The continued progress of our four African subsidiaries bodes well for the objectives set out in MUA Ambition 2020 and beyond. The group’s robust performance in 2018 defies a fiercely competitive and often challenging business environment. The Board once again acknowledges the energy and engagement of our teams across six countries, who have committed themselves to delivering long term value to all our stakeholders.