Dubai – Mubasher: Damac Properties’ board proposed to distribute 25% cash dividends, or 25 fils per share, for the fiscal year 2016, according to a bourse filing.
The recommended dividends stood at a total value of AED 1.512 billion for FY16.
The company’s capital amounts to AED 6.05 billion, distributed on 6.05 billion shares at AED 1 per share.
