DUBAI: Shareholders of Dubai’s Emaar Properties have approved the proposed cash dividend for 2015 at its annual general meeting despite a call from some to hike the payout.

The developer had proposed paying a cash dividend of 15 per cent, equivalent to 0.15 dirhams ($0.04) per share. However, there was a call from the floor of the meeting from some shareholders to increase the payout to 20 per cent.

The increased payout was rejected when put to a full shareholder vote.