Investcorp Capital announced the approval of a $115 million dividend

According to Amac News: In the announcement of Investcorp Capital, it is stated that in general, the company has approved a total of 115 million dollars in dividends, of which 60 million dollars have been paid.
According to the announcement, this figure represents a 13 percent annualized return to public shareholders since the IPO and meets its commitment to deliver a minimum dividend yield of 8 percent.
Investcorp Capital said the company's gross operating income was $132 million, up from $126 million in 2023.
Investcorp Capital plc's total assets for 2024 were $1,751 million, compared to $1,426 million in 2023, the announcement said.
Investcorp Capital chairman Mohammad Alardhi said the November 2023 filing had delivered a strong opening set of full-year results, with a net profit of $105 million.
Rohit Nanda, chief financial officer of Investcorp Capital, added that the company's balance sheet is strong and diversified with 70% invested in cash generating assets.
According to Nanda, the strong results were due to the overall increase in financing services and capital deployment revenues by 9% to 49 million dollars and the increase in income from capital expansion to 76 million dollars.