Dubai – Mubasher: Emaar Properties plans to distribute 100% of its share capital as dividends for 2024 amounting to AED 8.80 billion ($2.40 billion), according to a press release.
The announced amount marks a 100% increase in dividend paid for 2023 of AED 4.40 billion ($1.20 billion), reflecting Emaar's robust financial performance.
This year's dividend distribution will result in the total value of initial investments growing almost four times since the company's inception.
Mohamed Alabbar, Founder of Emaar Properties, commented: "At Emaar, our priority has always been to create exceptional value for our shareholders, and this year's 100% dividend distribution is a clear reflection of that commitment."
In the first nine months (9M) of 2024, the ADX-listed company posted 30% year-on-year (YoY) higher revenues at AED 23.80 billion ($6.50 billion).
Meanwhile, the net profits before tax amounted to AED 12.40 billion ($3.40 billion) as of 30 September 2024.
