Aldar Properties approves $310.4m in cash dividends for 2019

The cash dividend represents a 4% year-on-year growth, marking the eighth consecutive year of dividend growth

Aldar Properties approves $310m in cash dividends for 2019
Aldar
Aldar Properties approves $310m in cash dividends for 2019

Abu Dhabi Securities Market-listed (ADX) real estate developer Aldar Properties’ shareholders have approved the recommendation of the company's board of directors to offer $310.37m (AED1.14bn) in cash dividends at 14.5 fils per share for the financial year ending 31 December, 2019.

The cash dividend represents a 4% growth, compared to 2018’s dividend, marking the eighth consecutive year of growth in Aldar’s dividends.

The decision was taken at Aldar’s Annual General Meeting (AGM), which was held via a video conference, hosted by the firm’s chairman, Mohamed Khalifa Al Mubarak, following necessary approvals from the Abu Dhabi Securities Exchange (ADX) and the Emirates Securities and Commodities Authority.

Aldar has become the first company in Abu Dhabi’s private sector to host its AGM via a video conference channel.

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