Dubai – Mubasher: Damac Properties confirmed the news that it will distribute dividends of not less than 25% of the capital for 2016, according to a bourse statement.
Expected dividends will be paid if the company generated the estimated profits based on audited financial statements.
The general ordinary meeting (OGM) will decide the final percentage of dividends, the statement added.
Damac announced on Monday, 26 December 2016, its intention to distribute cash dividends of more than AED 1.5 billion for 2016.
The Dubai-listed firm increased 0.4% or AED 2.54, generating AED 670,580 by 11:30am UAE time.
