By: Amr Adel
Dubai – Mubasher: Emaar Properties' shareholders on Monday approved, at an ordinary general meeting (OGM), a cash dividend distribution of AED 0.15 per share, totalling AED 1.07 billion.
The distribution represents 15% of capital.
Shareholders registered at the end of trading on Thursday, 27 April will be entitled to the cash dividends, the OGM said.
The Dubai-listed developer reported AED 5.23 billion in net profits for 2016, up 28.2% from AED 4.08 billion in 2015.
Translated by: Nada Adel Sobhi
