Dubai – Mubasher: The ordinary general meeting (OGM) of Emaar Malls is scheduled to convene on Tuesday to discuss a cash dividend representing 10% of capital or amounting to 10 fils per share for 2016.
The dividends total AED 1.3 billion ($353.9 million).
The OGM will also review the proposal to reduce the number of board members to seven from nine.
Emaar Malls, the hospitality and shopping malls arm of Emaar Properties, reported profits of AED 1.874 billion in 2016, up 13.2% from AED 1.656 billion in 2015.
