Emaar board meet on March 6 to approve dividend

Dubai:

Emaar Properties said on Wednesday its board will meet on March 6 to approve dividends to their shareholders.

The DFM-listed developer reported a 56 per cent rise in fourth-quarter net profit.

The developer, in which Dubai’s government owns a minority stake, made a net profit of 1.61 billion dirhams ($438.4 million) in the three months to Dec. 31. That compares with a profit of 1.03 billion dirhams in the year-earlier period.