(MENAFN- Emirates News Agency (WAM))
DUBAI, 17th March, 2023 (WAM) -- The Board of Directors of Emaar Properties has approved the proposal to distribute cash dividends to shareholders, at total value of AED2.209 billion.
In a disclosure to Dubai Financial Market (DFM), the company said the proposed profits represent 25 percent of the capital, at 25 fils per share.
The BoD has submitted the proposal to the General Assembly which will meet on 17th April 2023 subject to approval of Securities and Commodities Authority (SCA) on the meeting agenda.
The BoD also approved the annual report on the consolidated statement of financial position for the year ending 31st December 2022 which will be presented to the General Assembly meeting for review and approval.
A report on consolidated financial statement for the year ending 31st December 2022 was also approved.
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