Dubai: Deyaar Development said its shareholders have approved board of director’s recommendation to freeze dividends for 2015.
The shareholders also approved the appointment of board of directors for three years, the company said in a statement posted on Dubai Financial Market’s website.
Deyaar shares were down more than 1 per cent at Dh0.563.
The company achieved a consolidated net profit of Dh291.4 million in 2015, up 3.4 per cent from Dh281.85 million achieved in 2014.
