Emaar approves Dh1b dividend

A cash dividend of 15 per cent of the share capital equivalent to more than Dh1.07 billion has been approved during the 17th Annual General Meeting of Emaar Properties, which also re-elected Mohamed Alabbar as Chairman. The other reelected board members are Ahmad Al Matrooshi, Hussain Ahmad Dhaen Al Qemzi, Ahmed Jamal Hassan Jawa, Abdul Rahman Hareb Rashed Al Hareb, Marwan Iqbal Mohammad Abdullah Abedin, Jamal Hamed Thani Butti Al Marri, Jamal Majed Bin Thaniyeh, Arif Obaid Saeed Aldehail and Abdulla Saeed Balyoahah.

“Our last year’s record net profit of Dh3.29 billion surpassed our estimates of Dh3.06 billion,” said Alabbar. “Our exceptional performance is led by the trust and unwavering confidence of our shareholders, which have enabled us to achieve impressive growth in the past 17 years. As one of the world’s most valuable companies with assets over Dh151 billion, we are led by the vision of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, who inspires us to continuously challenge ourselves.”

Source: Property Weekly


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