Damac Properties states intent to recommend dividend

Dubai: Damac Properties said on Sunday its board of directors have stated its intent in its meeting held on May 21 to recommend to the annual general meeting of shareholders a dividend of 25 per cent of the paid up capital.

The company has proposed to pay the dividend in 2015 and 2016 as an interim and final dividend, the company said in a statement on the Dubai Financial Market’s website.