KUALA LUMPUR: Newly-listed UMW Oil & Gas Corp Bhd, Malaysia's largest initial public offering (IPO) this year, said it will not commit to a fixed dividend policy for now as it conserves cash to expand its core drilling rig business in Asean and Asia-Pacific.
"But we intend to pay out dividends as and when it is possible," president Rohaizad Darus told journalists at the listing ceremony on Friday.
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