Dubai: Emaar Properties said on Saturday it plans to submit a proposal to give 15 per cent of the share capital or 15 fills per share — the same as the previous year — to its shareholders.
The proposal will be sent for approval at its annual general meeting, the owner of Dubai Mall said in a statement posted on Dubai Financial Market’s website.
The board also approved its financial statements for 2015 and also plans to set April 18 as the date to hold its annual general meeting.
Its unit Emaar Malls had plans to give dividend of 10 per cent or 10 fills per share, it said in a statement on March 9.
Emaar Properties recorded an 18 per cent higher net operating profit at Dh4.383 billion in 2015, while revenues jumped 33 per cent to Dh13.661 billion.
Emaar has a land bank of approximately 195 million square metres in Dubai and international markets.
On Thursday, shares of Emaar rose more than 5 per cent to end at Dh6.27 in a strong Dubai market.
The stock has gained 10 per cent in the year so far, compared to 7 per cent gains on the Dubai index.