The Board of Directors of Aldar Properties, in its meeting held today, Tuesday, recommended increasing the proposed cash dividends percentage for the last fiscal year, to reach 15%, equivalent to 0.15 dirhams. per share.
The board of directors said that increasing the shareholder's share of cash dividends comes as a kind of reward for shareholders in line with transparent governance policies.
The company achieved a net profit of 2.3 billion dirhams last year, while the accumulated revenues of Aldar Development rose to a record level of 6 billion dirhams, which bodes well for future revenue growth.< /p>
Aldar Development's sales amounted to 1.1 billion dirhams in the fourth quarter of 2021, bringing total sales for the full year to a record high of 7.2 billion dirhams with increased demand from foreign buyers Young men and women.
Mohamed Khalifa Al Mubarak, Chairman of the Board of Directors of Aldar Properties, confirmed that the company's distinguished results, which it achieved in 2021, reflect the strength of the real estate sector in Abu Dhabi, according to the Emirati newspaper Al Khaleej. .
Al Mubarak said, “With its diversified mix of real estate assets, Abu Dhabi has established itself as a world-class destination to live, work, visit and invest. We are confident that Aldar’s growth strategy, continuous commitment to operational excellence, and strong project execution capabilities will enhance the company’s role as a major contributor to the UAE’s economic diversification efforts.”
