Dubai-Mubasher: Union Properties’ shareholders will discuss on 17 April the cash dividends recommended by the board for 2015, according to a bourse filing.
The proposed dividends represent 7% of the company’s capital, totalling 252 million shares worth AED 252 million ($68.61 million).
As a result, the company’s total number of shares will rise from 3.72 million to 3.97 million.
Shareholders will discuss the profit and loss statement, in addition to the balance sheet for 2015.
