The company also announced a total dividend payment of $1.2 billion for 2023

Emaar Properties announced a total dividend payment of $1.2 billion (AED 4.4 billion) for 2023, on the back of a stellar performance in the year with $11 billion real estate sales.

The dividend amount, approved at the company’s annual general body meeting (AGM) on Monday, will amount to 50fils per share.

The $11 billion (AED 40.3 billion) sale1s in 2023 is billed as the company’s highest ever property sales income.

Emaar shareholders vote to appoint new board members
During the AGM, shareholders also voted to appoint new board members.

The newly appointed Board of Directors includes Mohamed Ali Rashed Alabbar, Jamal Majed Khalfan Bin Theniyah, Ahmed Jamal Hassan Jawa, Buti Obaid Buti AlMulla and Eman Mahmood Ahmed Abdulrazzaq.

Abdulla Ali Ahmad Bin Zayed Alfalasi, Ahmad Saeed Obaid Bin MesharAlmheiri, Omar Hamad Abdulla Hamad BuShahab, and Mohammad Omar Karim are the other board members.

Mohamed Alabbar, Emaar Properties’ Founder, said the company is highly optimistic and relentlessly focused on exceeding operational excellence “in light of the remarkable results we are witnessing in 2024”.

“We are constantly launching groundbreaking projects that significantly contribute to Dubai’s economy and increase long-term shareholder value, and through strategic initiatives in digital transformation, product innovation, and market penetration, we are poised to drive robust growth and solidify our foundation for future success,” Alabbar said.

Source:arabianbusiness.com