Emaar announces 25% dividends payment for 2022

Emaar announces 25% dividends payment for 2022

Dubai master-developer Emaar Properties has announced plans for distribution of dividends equal to 25% share capital to the company's shareholders for FY 2022, thus demonstrating its commitment to maximising shareholder value.

The decision came at Emaar's annual general meeting (AGM) held yesterday (April 17) where its shareholders gave the go-ahead to the board of directors for the distribution of the dividends.

The AGM lauded the company's strong performance in 2022 where it had posted a net profit of AED6.8 billion ($1.9 billion) as well as discussed the rigorous measures taken to ensure continued robust business performance throughout the year.

By prioritising the satisfaction of its customers and ensuring the continued development of its products and services, Emaar said it was able to boost the value it brings to its shareholders.

This resulted in AED35.1 billion ($9.5 billion) in real estate sales for the company in 2022, a record high and a reflection of the confidence customers have in the Emaar name.

"The Emaar Group sees 2023 as a promising year, and it is dedicated to improving its operations, increasing its return on investment, and satisfying its clientele. The company plans to boost its efficiency, productivity, and performance to increase its turnover," said its Founder Mohamed