UiTM Holdings Hands over Dividend Cheque to Universiti Teknologi MARA

UiTM Holdings Sdn Bhd (UiTM Holdings) recently declared a dividend of RM2.5 million in respect of the financial year ended 31 December 2020 – the largest single payout declared by the Group since its inception. The dividend was declared following an exceptional performance by the Group amidst the COVID-19 pandemic and after having recorded significant losses for the past 3 years.

The positive result was the fruit of the rigorous Transformation Program which was instituted since 2018. The improvements made since then include changes in the Board of Directors and Management team, strengthening our governance, streamlining our businesses into 4 sectors from the previous 8 allowing the Group to put more focus in turning around the businesses, reviewing and implementing a more optimal business model as well as putting the right people in the right position.

The cheque was presented by our GCEO, Puan Norzaimah Maarof to UiTM’s Vice-Chancellor, Emeritus Prof. Datuk Ir Dr. Mohd Azraai Kassim, and UiTM Treasurer Tn Hj Mazlan Hashim at a cheque presentation ceremony at the Chancellory, UiTM on Friday, 19 February 2021. The event was witnessed online by UiTM Holdings’ Chairman Datuk Md Zubir Ansori Yahaya and Board Member Encik Khalil Abd Jabar.