Dubai – Mubasher: Emaar Properties announced that its ordinary general meeting (OGM) has been scheduled for 15 April after trading hours.

The OGM will discuss the board of directors’ decision to distribute a cash dividend representing 15% of capital at AED 0.15 per share and at a total value of AED 1.07 billion, the company said in its filing to the Dubai Financial Market (DFM),

Stock owners registered on 26 April will be entitled to the dividends.

Emaar’s capital amounts to AED 7.159 billion divided on 7.159 billion shares at par value of AED 1 per share.

The company reported a 45% surge in its net profits for 2014, reaching AED 3.7 billion against AED 2.54 billion in 2013.

Emaar also reported a 14% profit rise in Q4-14 to AED 861 million compared to AED 756 million in the same period in 2013.