Emaar Properties declared a total dividend payout of $1.2B (AED 4.4B) for 2023, following an outstanding performance during the year, achieving $11B in real estate sales.
The dividend amount, endorsed at the company’s annual general meeting (AGM) on Monday, equates to 50 fils per share.
The $11B (AED 40.3B) sales in 2023 mark the company’s highest-ever property sales revenue.
At the AGM, shareholders also cast their votes to appoint new members to the board.
The newly appointed Board of Directors comprises Mohamed Ali Rashed Alabbar, Jamal Majed Khalfan Bin Theniyah, Ahmed Jamal Hassan Jawa, Buti Obaid Buti AlMulla, and Eman Mahmood Ahmed Abdulrazzaq.
Abdulla Ali Ahmad Bin Zayed Alfalasi, Ahmad Saeed Obaid Bin MesharAlmheiri, Omar Hamad Abdulla Hamad BuShahab, and Mohammad Omar Karim are among the other board members.
Mohamed Alabbar, Founder of Emaar Properties, expressed high optimism and a steadfast commitment to surpassing operational excellence “in light of the remarkable results we are witnessing in 2024”.
“We are continuously introducing pioneering projects that significantly contribute to Dubai’s economy and enhance long-term shareholder value. Through strategic initiatives in digital transformation, product innovation, and market expansion, we are poised to drive robust growth and strengthen our groundwork for future success,” Alabbar stated.
