A statement shared by a copy of which was shared with Namazon included the approval of the general assembly of Emaar Malls PJSC, to distribute cash dividends to shareholders of 1.301 billion dirhams, equivalent to 354 million dollars, equivalent to 10% of the capital The shares of the company are 10 fils per share.
The General Assembly also approved the report of the Board of Directors on the company's activity and financial position, the auditors' report and the balance sheet for the fiscal year 2018, in addition to appointing KPMG as the financial auditors for the year 2019.
Emaar Malls is one of the largest operators of shopping centers in the world, with 6.7 million square feet of rental space, and the company achieved a net profit of 2.230 billion dirhams ($ 607 million) during the fiscal year 2018, with a growth of 7 % Compared to 2017 net profit, and FY18 revenue reached 4.446 billion dirhams ($ 1.210 billion), a growth of 23% compared to 2017 revenue.
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