By: Amr Adel
Dubai – Mubasher: Emaar Properties on Sunday stated that its ordinary general meeting’s (OGM) quorum had been met, reaching 50.8%, in which the company has approved the distribution of AED 4 billion dividends.
The Dubai Financial Market (DFM) listed company is set to distribute AED 3 billion in January and AED 1 billion after the holding of the next OGM in April 2018, according to a company statement.
In November, Emaar Properties issued 20% of Emaar Development’s shares, which represent 800 million shares out of a total issued shares of 4 billion through an initial public offering (IPO) for individuals from 2 to 13 November, and for institutions from 2 to 15 November.
Translated by: Muhammad Khalid