At Emaar Properties PJSC’s Annual General Meeting (AGM), which took place in Dubai on Monday, April 22, 2024, the shareholders approved the Board of Directors’ proposal for a noteworthy dividend of 50 fils per share, or Dh4.4 billion ($1.2 billion). This decision highlights the company’s strong financial health and commitment to shareholder returns. The meeting adopted the board’s report and the auditor’s report regarding the operations and financial status of the firm for 2023.
The board of directors revealed the company’s impressive 2023 performance to the AGM and went over the stringent steps taken to guarantee consistent, strong business performance all year long.
“In light of the remarkable results we are witnessing in 2024, Emaar is highly optimistic and relentlessly focused on exceeding operational excellence, amplifying investment returns, and improving customer satisfaction,” said Mohamed Alabbar, the founder of Emaar Properties. With our ongoing innovative project launches that boost Dubai’s economy and long-term shareholder value, we can drive strong growth and establish our future success through strategic initiatives in product innovation, market penetration, and digital transformation.
These achievements are ongoing as Emaar continues to record very high domestic property sales in 2024. The year-to-date sales booked are valued at over Dh19 billion, which is an increase of more than 60 per cent as compared to the same period in the previous year.
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