SAHCO shareholders get N1.62 billion dividend, N1.20 per share
By Aboki Forex —
Skyway Aviation Handling Company Plc (SAHCO) has approved a dividend payment of N1.624 billion to its shareholders. The approval came during the company's 16th Annual General Meeting (AGM) held virtually on June 19, 2026.
The dividend translates to N1.20 per ordinary share. It will be paid to shareholders whose names were on the company's register as of June 2, 2026. The payment is subject to applicable withholding tax.
This was disclosed in a statement dated June 23, 2026, signed by Chairman Mr. Taiwo Afolabi and Company Secretary Ms. Jesuyemisi Odeyemi.
Shareholders also approved the re-election of directors Mr. Kayode Filani and Mrs. Laila St. Mathew-Daniel. Both retired by rotation and offered themselves for re-election.
The AGM also saw the appointment of Deloitte Nigeria as the new external auditor, replacing Gbenga Badejo & Co. A new statutory audit committee was constituted. It includes board representatives Mr. Anyanwu Anogwi and Mrs. Laila St. Mathew-Daniel, and shareholder representatives Mrs. Samiat Odunuga, Mr. Ismail Adamu and Mr. Rotimi Aina.
Shareholders approved annual remuneration of N6 million for the Chairman and N5 million for each non-executive director. The AGM also renewed SAHCO's general mandate to enter into recurrent related-party transactions for daily operations.
The dividend follows a strong 2025 financial year. SAHCO reported a profit before tax of N14.28 billion, a 120% increase.