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Union Properties to discuss 8% bonus shares Wednesday

Union Properties to discuss 8% bonus shares Wednesday
(Photo Credit: Company website)
UPP
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Dubai – Mubasher: Shareholders at Union Properties (UP) will meet on Wednesday to discuss a bonus share distribution representing 8% of capital for 2016.

The distribution will be carried out at an 8-for-100 ratio.

UP last reported AED 211.42 million in profits for 2016, registering a 51.4% drop from AED 434.61 million in 2015.