Damac calls for meeting to discuss dividends

Damac Properties said it has called the annual general meeting on April 19 and will discuss the recommended 15 per cent cash dividend for the second half of the year.

The shareholders will also discuss and approve financial statements for the year to December 2015, it said in a statement posted on Dubai’s Financial Market’s website.

The company’s shareholders will also review and approve board’s recommendation on its remuneration, it added. The firm registered a net profit of Dh4.51 billion for 2015, up 30 per cent over the previous year.

Source: Staff Report, gulfnews.com


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