Dubai – Mubasher: Shuaa Capital is planning to cut its loss before distributing a 50% cash dividend, CEO Fawad Tariq Khan told CNBC Arabia.

But I do not think that the distribution of these dividends will take place this year, Khan added.

Works at Shuaa’s Dubai skyscraper project, unveiled in September 2017, will commence before the summer, the top official said, adding that the project was slated for completion within three or four years

In 2017, the Dubai-listed company revealed plans for a new skyscraper to address demand in the UAE’s residential, tourism, and hospitality sectors.