Emaar Real Estate plans 4.4B dirhams profit distribution

Emaar Properties, the UAE-based company, has announced its decision to distribute exceptional dividends of 4.4 billion dirhams in a one-time payment to its shareholders. This amount represents additional distributions alongside the regular annual profits. The company's board of directors approved these dividends during their meeting; however, they require approval from the general assembly and regulatory authorities before implementation. The payout date or the eligibility period has not yet been specified. This move comes as part of Emaar's expansion in both the UAE and the global real estate markets, with its operations concentrated in Dubai and a vast land portfolio. It reflects the company's strategy to return some liquidity to shareholders while continuing its activities across real estate, shopping, hospitality, and entertainment sectors.

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