The total dividend payment for 2023 was also announced by the company, amounting to $1.2 billion.
Emaar Properties declared a record-breaking dividend payout of $1.2 billion (AED 4.4 billion) for 2023, following an outstanding performance throughout the year, marked by $11 billion in real estate sales.
The dividend sum, sanctioned during the company’s annual general meeting (AGM) held on Monday, equates to 50 fils per share.
The $11 billion (AED 40.3 billion) generated from property sales in 2023 stands as Emaar’s highest-ever recorded income from real estate transactions.
Emaar shareholders vote to appoint new board members
The recently formed Board of Directors comprises Mohamed Ali Rashed Alabbar, Jamal Majed Khalfan Bin Theniyah, Ahmed Jamal Hassan Jawa, Buti Obaid Buti AlMulla, and Eman Mahmood Ahmed Abdulrazzaq.
Abdulla Ali Ahmad Bin Zayed Alfalasi, Ahmad Saeed Obaid Bin MesharAlmheiri, Omar Hamad Abdulla Hamad BuShahab, and Mohammad Omar Karim serve as additional board members.
Mohamed Alabbar, the Founder of Emaar Properties, expressed the company’s strong optimism and unwavering commitment to surpassing operational excellence “given the outstanding results we are observing in 2024.”
“We continue to introduce pioneering projects that substantially enhance Dubai’s economy and enhance shareholder value in the long term. Through strategic endeavors in digital transformation, product innovation, and market expansion, we are positioned to stimulate strong growth and reinforce our groundwork for future achievements,” Alabbar affirmed.
