Aldar Properties nods to 14 fils/shr dividends for 2018

Abu Dhabi – Mubasher: Aldar Properties on Thursday announced that its general assembly has approved distributing a cash dividend worth 14 fils per share, representing 14% of the share’s par value, for the year ended 31 December 2018 to shareholders, according to the company’s statement to the Abu Dhabi Securities Exchange (ADX).

Abu Dhabi's largest property developer’s capital stands at AED 7.86 billion, distributed over 7.86 billion shares at a par value of AED 1 a share. 

Total dividends amount to AED 1.100 billion, according to data compiled by Mubasher.   

The UAE-based developer last reported a 2% year-on-year increase in its revenue during the full year 2018, registering AED 6.3 billion.

By 11:28 am UAE time, Aldar Properties’ stock fell 0.53% at AED 1.90.

Mubasher Contribution Time: 21-Mar-2019 07:56 (GMT)
Mubasher Last Update Time: 21-Mar-2019 08:16 (GMT)