Tuesday , June 15 2021

Emirates Information Agency – Emaar Properties will distribute cash dividends of AED 1.07 billion



Dubai, April 22 (WAM) – The 23rd Annual Meeting of the Association is approved
Emaar Properties today announced the distribution of cash dividends
(AED 1,07 billion) (US $ 290 million), or 15% of the total
From the capital of the company or 15 films per share.

The General Meeting also approved the report of the Board of Directors on the activities of the Company
Its financial condition, the audit report and the balance sheet for the financial year
2018 in addition to designating KPMG as a financial auditor for 2019.

"We thank our shareholders," said Mohammed Alabar, chairman of Emaar Properties
Their support plays an important role in stimulating the growth of our business and enables us to achieve
Long-term value for the company, noting that Emaar has been enthusiastic from the start
Improve concepts for real estate development, retail and hospitality in Dubai
New horizons of excellence are also shared between 2011 and 2018
Total AED 19.4 billion cash for shareholders and continuing to work
To develop to become a company that keeps up with recent developments in digital technology.

He added that the company is ready to take on the future variables and commit itself to work
Create future residential, commercial and entertainment destinations that will create new features
For the modern way of life of the world.

Emaar said the net profit was 7,216 billion AED
($ 1.965 billion) in the financial year 2018, a 30% increase over the previous year
With a net profit for 2017 before the impact of Emaar's initial public offering
The development and movement of the Forex market and the revenues
To reach Dirhama ($ 6,995 billion), the growth was 37%
Compared to FG107 revenue.

Emaar performed well even in difficult market conditions
The company has sold more than 30,500 homes in the ten years
The past has reached 88.4 billion Dirhams ($ 24.07 billion)
Emaar's sales on the map reached a total of 14.4 billion dirhams
(US $ 3.92 billion) in 2018, more than 65% of the total
Card sales amounted to 21.4 billion Dirhams (5.83 billion dollars)
In Dubai.

WAM / Mubarak Hamis / Ruda Abdulnor


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