Emaar Properties OKs AED 4bn dividends

Emaar Properties is set to distribute AED 3 billion in January

14 January 2018 05:53 PM

Emaar
EMAAR

1.08% 14.05 0.15

1.68% 15.15 0.25

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

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Source: Mubasher Exclusive