Aldar Properties shareholders OK 14 fils/share dividend

2019-03-21 14:33:13 GMT (Economies.com)
 

Aldar Properties’ shareholders, in an ordinary general assembly meeting held on Wednesday, gave the go ahead for the proposed distribution of cash dividends for the fiscal year 2018 at AED 1.1 billion, or 14% representing 14 fils per share.

 

Shareholders also ratified the board’s report on company’s activity, balance sheet and profit and loss statement for the same year.

 

The company distributed cash dividends for FY17 at 12% of capital, or 12 fils per share.

 

Aldar earlier posted AED 1.854 billion net profit for the fiscal year FY18, compared with AED 2 billion a year earlier.

 

The real estate developer also saw a decline in net profit for the first nine months of 2018 at AED 1.533 billion, from AED 1.861 billion in the same period a year ago.

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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