Dubai – Mubasher: Damac Properties said its shareholders approved 25% cash dividends or 25 fils per share for fiscal year 2016, according to a bourse statement.
The company’s shareholders gave a nod to a total of AED 1.51 billion dividends for FY16.
Damac’s capital amounts to AED 6.05 billion, distributed on 6.05 billion shares at AED 1 per share.
