Dubai – Mubasher: Trading on Emaar Properties’ shares was suspended just two hours after the session opened on Monday, in line with its board’s meeting today, until results are disclosed.
The board is expected to recommend dividend distribution for 2016, and approve financial statements.
The company’s profits rose 28.2% to AED 5.23 billion in 2016, compared to AED 4.08 billion in 2015.
Emaar’s stock rose 1.32% to AED 7.65, generating AED 14.415 million from the exchange of 1.896 million shares through 128 transactions.
