Emaar Real Estate said that it has included a proposal for approval by the general assembly of the company, which is scheduled to be held on Sunday, June 21, 2020 to amend Article No. (57) of the company’s articles of association to add a new item that permits the distribution of interim profits on a semi-annual basis or on the basis of Quarterly.
The company indicated in a statement to the Dubai Financial Market, that the company’s general assembly will discuss the company’s budget, the profit and loss account for the past financial year and certify each of them, discharge the members of the board of directors, discharge the auditors for the past fiscal year, and appoint auditors for the financial year Current and fix their fees.
In April of this year, Emaar Properties announced the postponement of the General Assembly due to the outbreak of the emerging epidemic of the Corona Virus (Covid-19) until June 21 instead of April 22.
The company's shares rose 1.55% during yesterday's session, and closed at 2.61 dirhams, and 14.386 million shares were exchanged, amounting to 37.409 million dirhams.
It is worth noting that the financial results, the profits of Emaar Properties increased by 1 percent at the end of last year, to reach 6.20 billion dirhams, compared to profits of 6.14 billion dirhams in 2018.