Dubai – Mubasher: Emaar Properties on Thursday announced that it would pay two dividends totaled AED 4 billion in 2018.
Holders of shares registered on 24 January 2018 will be entitled to AED 3 billion dividends, Emaar Properties revealed.
In the event of incomplete quorum on 14 January 2018, the ordinary general meeting (OGM) will meet on 21 January, the company added.
As of the AED 1 billion dividends to be paid in 2018, holders of shares registered on the tenth day as of the next day after the holding of the annual general meeting in April 2018 will be entitled to the dividends, Al Khaleej newspaper reproted, citing the company as saying.
The dividends will be paid after the company's approval of distributing AED 4 billion as extraordinary dividends generated from Emaar Development’s IPO, the UAE-based company concluded.
