Emaar Properties proposes to distribute AED 2.2 billion in cash dividends for 2022

Emaar Properties' Board of Directors has approved a proposal to distribute cash dividends to shareholders totalling AED 2.209 billion.

Emaar Properties said in a disclosure to the Dubai Financial Market that the proposed dividends represent 25% of the capital at 25 fils per share.

The company's board of directors submitted the proposal to the annual general assembly meeting for approval, where the meeting was set to be held on April 17 after the approval of the Securities and Commodities Authority on the agenda of the assembly.

The Board of Directors also approved the annual report on the Company's activities for the financial year ended 31 December 2022, and submitted it to the Annual General Assembly Meeting for discussion and approval.