Dividend payment

The cheque was handed over Tuesday on behalf of the GCA by Director, Rev.Uta Muaulu.

In accepting the cheque, the Minister acknowledged the commitment by the Board and Management of the GCA and complimented their hard work, which is also reflected in the Authority’s financial position as well as its support and compliance with Governments’ dividend policy.

A statement said it is the first installment towards a total dividend of $984,859.65 which the Gambling Authority plans deliver in full by July 2021.

In receiving the funds on behalf of Government, SLC Minister Lautafi Fio Selafi Purcell complimented the Corporation.

“In the last three consecutive financial years, the Samoa Land Corporation has never failed to deliver the law requirements to pay part of its revenues to assist Government,” acknowledged Lautafi.

Samoa National Provident Fund Chief Executive Officer, Faumuina Esther Lameko Poutoa received the payment on behalf of SNPF contributing members, who are shareholders.

“Our partnership over the last ten years has been a great success and things like these benefit our members greatly and it’s a partnership we hope would continue to thrive,”Faumuina said.

Digicel CEO Milos Surla, who presented the cheque, reaffirmed Digicel’s commitment to Samoa.

The sum was a dividend from the profits made by the Samoa Airports Authorities from the years 2013 and 2014 that totaled more than $875,984 tala.