The general assembly of Emaar Properties approved the amendment of Article 57 of the company's articles of association, by adding a new clause that allows the distribution of interim profits on a semi-annual or quarterly basis. p>
According to Emirates News Agency, the company confirmed in a statement that the general assembly approved the report of the board of directors on the company's activity and its financial position and the auditors' report and the consolidated financial statements for the ending fiscal year On December 31, 2019, the non-executive directors will be rewarded for the fiscal year ending last year.
The members of the Board of Directors were also discharged for the fiscal year ending on December 31, 2019, and the auditors were discharged from the financial year ending.
The agenda of the general assembly also included the approval of granting approval to the members of the board of directors to carry out activities within the company's purposes.
