Emaar Properties Announces a High Dividend of AED4.4 Billion
Given the robust performance, profitability, and commitments to its shareholders, It has decided to share profitability. A notable dividend of 50 fils will be given to per share, roughly making DH 4.4 billion ($1.2 billion). This step by Emaar Properties reflects the strong financial position of the company.
On 22 April 2024, the annual general meeting of Emaar Properties was held. During this session, a proposal from the Board of Directors related to sharing dividends was also approved by shareholders.
In 2023, Emaar Properties’ performance was remarkable. It generated DH 40.3 billion (US$11 billion) through sales. Its domestic sales generated roughly DH 37.4 billion (10.2 billion USD). It achieved such mounting revenue mainly because of its innovative and quality projects. Also, the trust it has gained over the years plays a critical role in its continued progress.
During the Annual General Meeting, shareholders also voted to appoint new Board Members. The purpose of this activity was to continue the fast-paced growth of the company by giving space to more talented people. Also, the Board of Directors presented the company’s impressive performance throughout 2023. Besides that, they also discussed measures taken in the previous year that made such development possible.
This phase of progress continues in 2024. Emaar Properties has recorded a significant increase in domestic property sales. As compared to the same period of the last year, it has seen a 60% growth in sales.
Furthermore, this property development is committed to developing innovative and advanced projects. It understands the requirements and needs of clients. Emaar Properties utilizes its vast real estate experience to develop fascinating projects. It is dedicated to delivering quality projects on time. Additionally, it is highly optimistic and is working to increase its efficiency and operations excellence.
