Emaar Malls AGM okays 10% cash dividend

Emaar

Malls, the shopping malls and retail business majority-owned by Emaar Properties, said yesterday their shareholders have approved a board proposal to distribute 10 per cent as cash dividend, which is equivalent to a total payout of Dh1.301 billion.

The AGM also approved the change in number of board members from nine to seven. It also approved the report of the Board of Directors on the activities and financial position of the company. Ernst & Young was chosen as the auditor for 2017. (Staff Report) Sensex (IN)