The Board of Directors of “Emaar Properties” agrees to increase its participation in Emaar Development

The Board of Directors of Emaar Properties has proposed, in its meeting on Thursday, the distribution of dividends in cash to shareholders at the rate of 15 fils per share (for a total of 1.22 billion dirhams), provided that the proposal is presented to the general meeting on 20 April 2022.

In a disclosure to the Dubai financial market, the company confirmed that the board of directors agreed to repurchase no more than 1% of the company’s shares and authorized the board of directors to make a decision to sell or cancel these shares.

The Board of Directors also approved an increase in the company’s contribution to Emaar Development Company.

The Board approved the company’s financial statements for the year 2021.

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