Emaar Properties’ Board of Directors has given the green light to distribute cash dividends to shareholders, with a total value of AED 2.209B.
The company stated in a disclosure to the Dubai Financial Market (DFM) that the proposed profits represent 25 percent of the capital, equivalent to 25 fils per share.
The proposal has been submitted to the General Assembly, which is scheduled to convene on April 17th, 2023, pending approval from the Securities and Commodities Authority (SCA) regarding the meeting agenda, according to WAM.
Furthermore, Emaar Properties Board of Directors has approved the annual report on the consolidated statement of financial position for the year ending on December 31st, 2022, which will be presented for review and approval at the General Assembly meeting.
Finally, the Board also approved a report on the consolidated financial statement for the same period.
