Emaar Properties's GA approves (AED 1.257/share) special dividends to its shareholders

24/11/2014 Argaam

The General Assembly of Emaar Properties approved to distribute AED 9 billion of special dividends to its shareholders (AED 1.257/share) in its meeting held on Monday November 24, 2014, as shown in the following table:
 

Emaar Properties General Assembly

Approved to distribute special dividends for Emaar Properties’ shareholders, which is the proceeds of “Emaar Malls” IPO.

General Assembly resolutions

AED 9 billion

Total dividends

7159.7 million shares

Number of shares

AED 1.257 per share

EPS

registered Shareholder on Thursday December 04, 2014

Record date

November 30, 2014

Last day for registration

December 01, 2014

Dividends exclusion date

registered Shareholder on Thursday December 04, 2014

Record date
 

According to data available on “Argaam”, Emaar Malls” IPO took place in September 2014, where the Company offered 2 billion shares representing 15.4% of its capital.

IPO was oversubscribed 30 times for institutions, 20 times for individuals and collected AED 172 billion.

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