dayofdubai | Emaar Properties proposes 15% cash dividend and 10% bonus shares

Monday, Jun 19, 2023
Hijri Date
℃ Dubai, UAE

Real Estate

ID Number 24489
Aug 08, 2023
202

Emaar Properties proposes 15% cash dividend and 10% bonus shares

The Board of Directors of Emaar Properties PJSC, the global property developer, has proposed the distribution of a cash dividend of 15 per cent of the companys share capital for the year 2013 as well as 10 per cent bonus shares to shareholders.

The proposal was put forth at a meeting of the Board, which also discussed the companys growth strategy for the current year. It will be submitted for approval by the shareholders at the companys Annual General Meeting (AGM) in April 2014.

Emaar Properties had recorded full-year 2013 net profit of AED 2.568 billion (US$ 699 million) and annual revenue of AED 10.328 billion (US$ 2.812 billion). The companys strong performance was underlined by recurring revenues from the companys shopping malls & retail and hospitality & leisure business units, which together contributed AED 4.8 billion (US$ 1.307 billion) to FY13 revenue, or 46 per cent of the total.

Emaars property business generated total revenue at AED 5.528 billion (US$ 1.505 billion). Revenues from the companys global operations in 2013 were AED 1.167 billion (US$ 318 million), representing 11 per cent of the total revenue.

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