Dubai – Mubasher: Emaar Properties announced that the company’s general assembly has approved distributing a cash dividend of 15 fils per share for the year ended 31 December 2018.
Total dividends amounted to AED 1.07 billion ($290 million), representing 15% of the company’s capital, Dubai’s biggest publicly traded developer said in a statement.
The general assembly has also agreed upon appointing KPMG as external auditors for the company for 2019.
It is worth noting that Emaar Properties posted a 42% year-on-year surge in profits for the full-year 2018, recording AED 3.9 billion.
