Dubai – Mubasher: Emirates REIT said it has proposed the distribution of cash dividends for the fiscal year 2015 at $11.98 million (AED 4.52 million) or $0.04 per common share, to shareholders of record on 11 January 2016.
The proposal will be discussed in the company's upcoming shareholder meeting scheduled for 17 January.
The company distributes dividends to shareholders twice annually; in January and June.
"Emirates REIT has delivered strong performance in 2015, thus enabling us to maintain positive growth in our operations and boost the value of our real estate portfolio in addition to seizing new growth opportunities in the future," said Executive Deputy Sylvain Vieujot.
The company earlier paid cash dividends for 2014 at $12 million, or $0.04 per share.
