Mubasher: The ordinary general meeting (OGM) of Damac Properties Dubai on Sunday approved distributing 25% cash dividends of the capital for fiscal year 2016.
The company will pay 25 fils per share, with an overall value of AED 1.51 billion, according to a bourse filing issued on Monday.
The last dividend date will be on 24 April, while the maturity date will be on 26 April.
During the fiscal year, Damac’s profits shrank by 18.2% to total AED 3.69 billion from AED 4.51 billion in FY15.
