(MENAFN) Emaar Properties declared an AED4 billion bonus to be offered to shareholders from IPO profits and development unit during the end of 2017.
Following Emaar Development's public offering of shares, the windfall was decided to be distributed in a general meeting chaired by Mohamed Alabbar.
Just over AED3 billion were settled as the dividend payment as it represents 42% of the capital this month, followed by an extra AED1 billion once the General Assembly grants its approval in April.
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