Emaar Properties OKs AED 4bn dividends

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

MUBASHER Contribution Time: 14-Jan-2018 14:53 (GMT)
MUBASHER Last Update Time: 14-Jan-2018 15:00 (GMT)

Check latest news in Decypha