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Aldar’s OGM approves 14.5 fils/shr dividends for 2019

Aldar’s OGM approves 14.5 fils/shr dividends for 2019
The OGM was held through video conference
Aldar
ALDAR
-1.08% 5.52 -0.06

Abu Dhabi – Mubasher: The ordinary general meeting (OGM) of Aldar Properties has approved the board’s proposal to distribute 14.5% of capital as cash dividends for 2019, with an increase of 4% compared to the prior year's distrbutions.

The cash dividends will be distrbuted at 14.5 fils per share, totalling an amount of AED 1.14 billion, marking the eighth consecutive year of growth in Aldar’s dividends, according to the company’s statement.

In light of the current health and safety precauations, the OGM was held through video conference on Wednesday.

Last year, the company’s net profits increased by 7% to AED 1.984 billion.