Emaar highlights resilient performance at its AGM

Emaar highlights resilient performance at its AGM

Emaar Properties held its Annual General Meeting (AGM), where its Board of Directors announced the company’s solid performance in 2021 and discussed the stringent measures it took to safeguard continued robust business performance during the year. The dividend distribution proposal from the Board of Directors representing 15 per cent of the share capital was approved at the AGM, confirming Emaar’s keenness to ensure added value for its shareholders. During the meeting, the Board of Directors’ 2021 report on the company’s activities and financial position and the Auditor’s report were also approved. Emaar continuously strives to maximize shareholders value through providing the best customer service and by safeguarding innovation across all products and services provided by the company. This led to the company achieving real estate sales of Dhs 33.762 billion ($ 9.192 billion) in 2021, which is highest on record and is a testament to the clients’ trust in the Emaar brand. Additionally, Emaar reports substantial sales backlog totaling more than Dhs 46.057 billion ($12.539 billion), which will be recognized as revenue over the next few years. Emaar continues to work diligently to complete all ongoing projects for delivery within the timeframes specified and the company will retain its extremely