Amlak Finance AGM approves 10 per cent cash dividend

DUBAI - The assembly of the Annual General Meeting (AGM) of Amlak Finance PJSC approved yesterday the distribution of 10 per cent cash dividend of the company's share capital to shareholders, amounting to Dh150 million, and agreed on the company's financial results for the year ending December 31, 2007.

By A Staff Reporter

Published: Mon 17 Mar 2008, 8:55 AM

Last updated: Sun 5 Apr 2015, 1:19 PM

The assembly also reviewed and discussed the Director's report, auditor's report and the report of the Fatwa and Sharia Supervisory Board.

The AGM, which convened with a 53.2 per cent quorum, was held at the Dubai Chamber of Commerce in the presence of shareholders, board of directors, Shariah Board, representatives from the Ministry of Economy, the Dubai Economic Department, and the Emirates Securities and Commodities Authority. Meanwhile, the Extraordinary General Meeting (EGM), which did not acquire the required quorum, was postponed to March 23.

In his statement to the assembly, Nasser bin Hassan Al Shaikh, Chairman of Amlak Finance, highlighted the company's milestones on the financial, restructuring and expansion levels during 2007.

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