Dubai – Mubasher: Emaar Malls on Wednesday announced that its board of directors has proposed distributing a cash dividend worth 10 fils per share for the full-year 2018 to shareholders.
The company, a unit of Emaar Properties which operates high-end retail facilities including Dubai Mall, will pay AED 1.3 billion, or 10% of the capital, according to a filing to the Dubai Financial Market (DFM).
Emaar Malls last reported a profit of AED 7.216 billion ($1.965 billion) in 2018, compared to AED 5.561 billion ($1.514 billion) in 2017.
By the end of Wednesday’s session, Emaar Malls’ stock plunged 2.20% at AED 1.78.
