ABU DHABI NATIONAL OIL COMPANY FOR DISTRIBUTION PJSC Notes to the interim condensed consolidated financial statements for the six-month period ended 30 June 2024 (continued) 23. Dividends The Board of Directors approved a final dividend of 10.285 fils per share to the shareholders in respect of the year ended 31 December 2022. The dividend comprised of AED 1,285,625 thousand, which was approved at the General Assembly Meeting held on 15 March 2023 and paid on 29 March 2023. The Board of Directors approved a final dividend of 10.285 fils per share to the shareholders in respect of the year ended 31 December 2023. The dividend comprised of AED 1,285,625 thousand, which was approved at the General Assembly Meeting held on 27 March 2024 and paid on 15 April 2024. 24. Taxation The Company calculates the period income tax expense attributed to UAE Corporate Income Tax (CIT) using the tax rate that would be applicable to the expected total annual earnings. The major component of income tax expense in this statement of profit or loss is AED 121,412 thousand attributed to UAE CIT. The provision for UAE CIT expense is recognized based on management’s estimate of the weighted average effective annual tax rate expected for the full financial year. The estimated average annual tax rate used for the year to 31 December 2024 is 8.998%. 25. Approval of the interim condensed consolidated financial statements The interim condensed consolidated financial statements were approved by the Board of Directors and authorised for issue on 7 August 2024. 24