Emaar Properties decides to distribute 15 fils for each share

The General Assembly of Emaar Real Estate Company, which was held today, Wednesday, at the Address Sky View Hotel in Dubai, with a quorum of 66.4%, approved the proposal of the Board of Directors regarding the distribution of cash dividends to shareholders with a total value of 1.226 billion dirhams at 15% of the capital (15 fils) per share.

During the meeting, which was attended by the Chairman and members of the Board of Directors, a report on the company’s activity and financial position for the fiscal year ending on December 31, 2021 was approved, and the auditor’s report for 2021 was heard and approved.

A special resolution was approved approving the Board of Directors’ recommendation to buy the company a number of its shares, not exceeding 1% of the number of shares with the intention of disposing of them in accordance with the decision issued by the Securities and Commodities Authority in this regard and authorizing the Board of Directors to implement the decision of the General Assembly during the period approved by the Authority ;

As well as reducing the company’s capital in the event of the expiry of the period specified by the Authority to dispose of the purchased shares by canceling those shares, and amending the company’s capital in the articles of association according to this reduction.

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