All eyes on Emaar after AED9b cash dividend

25.11.2014
Shares of Emaar Properties are in focus after the Dubai-listed company approved a special cash dividend of AED9 billion at an ordinary general meeting on Monday.
Shares of Emaar Properties are expected to be in focus after the Dubai-listed company approved a special cash dividend of AED9 billion at an ordinary general meeting on Monday, The National reported.
The payout follows the recent listing of Emaar Malls Group, the malls and retail business of Emaar.
The Dubai Financial Market General Index declined marginally in trading yesterday, largely on losses in Arabtec shares.
The index, which has been bobbling around the 4,500 mark for most of October and November, closed down by 0.09% at 4,625.76 as shares of the UAE’s largest contractor fell 1.8% in trading to settle at AED3.93.

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