The General Assembly of Emaar Properties approves a proposal to distribute 15% of the capital
Yesterday, April 20, 2022, Emaar Real Estate Company held the annual meeting of its general assembly, where the members of the board of directors discussed the performance achieved by the company during 2021, which it succeeded in achieving through the strict measures adopted by the company, which in turn contributed to the continuity of its business at the required level on the year round.
The company stated in a statement that during the meeting, the Board of Directors' proposal to distribute dividends of 15% of the capital was approved, as well as the Board of Directors' report for the year 2021 on the company's activity, financial position, and the auditor's report.
real estate sales
Emaar affirmed that it constantly seeks to achieve value for its shareholders by providing the best customer service and leadership in innovation in all products and services offered by the company, which led to real estate sales of 33.762 billion dirhams (9.192 billion dollars) in 2021. She is the highest ever.
Emaar also announced accumulated sales totaling more than 46.057 billion dirhams ($12.539 billion), which will be recognized as revenue over the next few years.
Company profits
Emaar Properties reported achieving earnings before interest, tax, depreciation and amortization of 9.343 billion dirhams ($ 2.544 billion), and total revenues of 28.270 billion dirhams ($ 7.697 billion) for the fiscal year ending on December 31, 2021.
Operational Excellence
The founder of Emaar Properties, Mohamed Al-Abbar, said that the group is optimistic for 2022, and is constantly focused on achieving operational excellence, increasing the return on investment for our shareholders, and enhancing customer satisfaction.
He added: “To improve its performance, the company is working diligently to increase its resources, enhance its efficiency, and maximize its productivity.
It will also lay the foundations for future growth and long-term shareholder value through digital transformation, new product innovation, and continually increasing our market share.”
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