Emaar special cash dividend on Dec 23

Global property developer Emaar Properties will distribute a special cash dividend of Dh9 billion ($2.45 billion) on December 23, which was approved at the company’s recent ordinary general meeting.

The special cash dividend takes the total dividend distributed in 2014 to Dh17.12 billion. This marks a record in dividends distributed by a public joint stock company in the region highlighting the commitment of Emaar to create long-term value for its shareholders.

Compiled from staff reports