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Emaar Properties' OGM approves 10% dividends

Emaar Properties' OGM approves 10% dividends
The cash dividend payout stands at 10 fils per share
Emaar
EMAAR
0.00% 3.91 0.00

Dubai – Mubasher: The ordinary general meeting (OGM) of Emaar Properties has approved the distribution of cash dividends, equivalent to 10% of the share capital.

The cash dividend payout stands at 10 fils per share, aggregating at a total amount of AED 715.973 million, according to the company's disclosure to the Dubai Financial Market (DFM) on Monday.

It is noteworthy to mention that in 2020, the company's net profits plunged to AED 2.617 billion, compared to AED 6.2 billion in 2019.