Emaar Properties’ board proposes 10% dividends
- Date: 21-Mar-2021
- Source: Mubasher
- Sector:Real Estate
- Country:UAE
Emaar Properties’ board proposes 10% dividends
Dubai - Mubasher: The board of Emaar Properties has recommended a cash dividend distribution, equivalent to 10% of the share capital.
The cash dividend payout stands at 10 fils per share, aggregating at a total amount of AED 715.97 million, according to the company's disclosure to the Dubai Financial Market (DFM) on Sunday.
It is noteworthy to mention that in 2020, the company's net profits plunged to AED 2.617 billion, compared to AED 6.2 billion in 2019.