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Company News - Emaar
Emaar Development Reports Sales Of AED 12.525 billion (US$ 3.410 Billion) In The First Nine Months Of 2019 Reflecting A Growth Of 25% From The Same Period In 2018 (14 November 2019)
Delivering quarter on quarter growth in profitability, the company reported net profit of AED 2.070 billion (US$ 564 million) with a revenue of AED 9.625 billion (US$ 2.620 billion) for the first nine months of 2019.

Emaar Malls Announce 6% Growth In Revenue Reaching To AED 3.412 Billion (US$ 929 Million) In 9 Months Of 2019; Net Profit Grows By 6% To AED 1.732 Billion (US$ 472 Million) (3 November 2019)
Emaar Malls (DFM: EMAARMALLS), the shopping malls and retail business majority-owned by Emaar Properties (DFM: EMAAR), recorded an increase in revenue by 6 per cent during the first nine months (January to September) of 2019 to AED 3.412 billion (US$ 929 million).

Emaar To Transform Customer Experience With Launch Of Blockchain-Based Rewards And Loyalty Ecosystem (17 October 2019)
Emaar, the Dubai-based property developer, is releasing a new blockchain-based referral and loyalty platform later this year. Named EMR, the platform aims to reward Emaar customers with tokens for their loyalty and business referrals.

Emaar Celebrates The Listing Of USD 500 Million Sukuk By Ringing Nasdaq Dubai Market-Opening Bell (30 September 2019)
Mohamed Alabbar, Chairman of Emaar Properties, rang the Nasdaq Dubai market-opening bell today to celebrate the listing of a 500 million USD Sukuk.

Emaar Executes AED40.5 Billion Project In Beijing (22 July 2019)
The move is in line with the visit of His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, to China.

Breeze Cluster At Emaar’s Creek Beach District About To Commence (16 July 2019)
Construction of Emaar’s first residential cluster within its Creek Beach District development is imminent.

DAE Repurchases Shares Held By Emaar Properties PJSC (27 June 2019)
Dubai Aerospace Enterprise (DAE) Ltd. announced that it had repurchased the approximately 4% of its common shares owned by Emaar Properties PJSC.

1st Annual General Meeting Of Emaar Development On April 23 To Propose Dividend Of AED1.04 bn (US$283.15 mn) To Shareholders (22 April 2019)
At the first AGM, the Board of Directors of Emaar Development will propose the distribution of AED 1.04 billion (US$ 283.15 million) dividend, representing 26 per cent of the share capital being 26 fils per share.

Emaar Malls Accelerates Digital Transformatio; Acquires Full Stake Of Namshi, The Leading Fashion E-Commerce Retailer In The Middle East (25 February 2019)
This follows acquiring the remaining stake of Global Fashion Group (GFG) in Namshi, in an all-cash transaction of AED 475.5 million (Euro 114.3 million; US$ 129.5 million).

Restaurant Secrets Acquires The Lease Of Five Restaurants Of Emaar Hospitality Group; Announces The Loft At Dubai Opera (20 January 2019)
Restaurant Secrets Inc. (RSI) today confirmed it has acquired the lease and operating rights of five restaurants from Emaar Hospitality Group, including a brand new concept called The Loft at Dubai Opera.


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