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DUBAI/ Emirates Business
The third Annual General Meeting (AGM) of Emaar Malls approved the distribution of cash dividends to shareholders amounting to AED 1.3 billion ($ 353.9 million), representing 10 percent of the share capital being 10 fils per share for 2017.
The AGM also approved the report by the board of directors on the activities and financial position of the Emaar Malls, the auditor’s report, and balance sheet for 2017.
Ernst & Young was appointed as the auditor for the year 2018.
Mohamed Alabbar, Chairman of Emaar Properties and Board Member of Emaar Malls, said: “We are thankful to our shareholders for their support and trust in us, as we continue to focus on creating long-term value for them through our next-generation malls. Today, the key to ensuring the sustained growth of malls
is to reinvent themselves with a focus on the aspirations of a new generation of customers.â€