Dubai – Mubasher: Emaar Properties’ ordinary general meeting (OGM) is scheduled to be held on 22 April to discuss the distribution of AED 1 billion dividends, with per-share dividends of AED 0.14 for 2017.

The proposed dividends would account for 14% of Emaar’s nominal value, the Dubai-based developer stated on Thursday.

Aldar Properties and Emaar Properties have launched an AED 30 billion ($8.1 billion) joint venture (JV), in a historic deal that is aimed at developing mega projects in national and global scales.

The Dubai-listed company posted a 5% growth in net profit during the fourth quarter of 2017, recording AED 1.36 billion, compared to AED 1.297 billion in the year-ago period.