By Amr Adel
Dubai – Mubasher: Shareholders of UAE’s leading property developer Emaar Properties endorsed on Monday the distribution of AED 1.07 billion in cash dividends, or 15 fils per share, for the fiscal year 2015.
The approved dividend distribution equals 15% of the company’s capital.
Shareholders of record till the close of trading on 28 April will be entitled to the dividend payout.
Emaar’s FY15 net profit rose 11% to AED 4.08 billion, from AED 3.7 billion a year earlier.
