Emaar Malls announced, in a statement that Namazin obtained a copy, of achieving a net profit of 584 million dirhams ($ 159 million) during the first quarter of 2019, a growth of 7% Compared to the company's net profit for the same period last year, which amounted to 548 million dirhams ($ 149 million).

Emaar Malls revenues during the first three months of 2019 grew by 4% to reach 1.075 billion dirhams ($ 293 million), compared to the first quarter of 2018, amounting to 1.038 billion dirhams ($ 283 million) . This growth is due to the strong performance of the company's malls, including the Dubai Mall, Dubai Marina Mall and its various locations located within the residential complexes.


The statement also stated that, Emaar Malls' assets maintained strong occupancy rates of 92%, while the number of visitors during the first quarter of this year reached 36 million, with a growth of 3%, compared to the number of visitors in The first quarter of 2018, which amounted to 35 million visitors, and in turn, the Dubai Mall, which attracted more than 80 million visitors annually during the past five years, received 22 million visitors during the first three months of this year.

It is worth noting that, the fourth annual meeting of the Emaar Malls General Assembly, witnessed the approval of the distribution of cash dividends to shareholders of 1.301 billion dirhams ($ 354 million), equivalent to 10% of the share capital of the company, for the year Fourth in a row, which reflects the depth of the company's commitment to achieving sustainable value for shareholders.



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