1st Annual General Meeting Of Emaar Development On April 23 To Propose Dividend Of AED1.04 bn (US$283.15 mn) To Shareholders #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Download our Media Kit

Restaurants

Education


 





Home / News / Last 7 News
Last 7 News
   

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)

 

The first Annual General Meeting (AGM) of Emaar Development PJSC (DFM: EMAARDEV), the UAE build-to-sell property development business majority-owned by Emaar Properties PJSC (DFM: EMAAR), will be held on Tuesday, April 23, 2019, 5PM, at the Diamond Ballroom of Address Dubai Mall hotel in Downtown Dubai. If the meeting falls short of quorum, the AGM will be held at the same time and venue on Tuesday, April 30, 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. The meeting will also receive and approve the report on the activities and financial position of the company for the year ending December 31, 2018; the Auditor’s report; and the company’s balance sheet. The new auditors for 2019 will also be appointed at the forum.

In October 2018, Emaar Development distributed AED 1.04 billion (US$ 283.15 million), representing 26 per cent of the share capital being 26 fils per share, as interim cash dividend to the company’s shareholders.

Last year, Emaar Development recorded a growth in net profit of 42 per cent to AED 3.901 billion (US$ 1.062 billion), compared to 2017. Total revenue for 2018 was AED 15.433 billion (US$ 4.202 billion), an increase of 74 per cent over the previous year.  

Highlighting the strong investor interest for Emaar’s residential launches, the company reported record sales of AED 14.240 billion (US$ 3.877 billion) in 2018. The company has a backlog of AED 36.30 billion (US$ 9.88 billion), which will be recognised as revenue in the next three to four years.

During 2018, Emaar Development launched for sale over 6,500 residential units in Dubai, which recorded positive investor response, including from international buyers. The company has nine residential destinations in Dubai with over 29,800 homes currently under development.

We accept Guest Posts


DubaiCityGuide.com is owned and managed by Cyber Gear



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
1992
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Daily Guide

 



Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance