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- Closing Bell: Saudi main index closes in green at 12,025
- Saudi Arabia's job market strengthens as unemployment falls to 7% in Q4 2024
- UAE unveils new dirham symbol and digital currency
- Oil Updates - crude holds near 1-month high, set for 3rd week of gains amid supply woes
- Qatar Islamic Insurance Group AGM proposes cash dividend of 50% of paid-up capital
- QCB licenses PayLater to provide BNPL services
- Qatar Stock Exchange listed companies report QR51.18bn net profits for 2024
- Oman seeks bids for Jabal Shams Grand Canyon project
- Jafza expands logistics park with strategic investment
- Innovation, collaboration key to sustainable growth: Sabic CEO
26/03/2025 07:34 AST
Emaar Properties' Annual General Meeting (AGM) on Wednesday approved 100 per cent dividend payout for 2024, amounting to Dh8.8 billion.
This follows the introduction of Emaar's updated dividend policy in December 2024. The meeting also included the approval of the auditor's report for 2024 and the board's report on the company's activities and financial position.
Emaar recorded property sales of approximately Dh70 billion in 2024, representing a 72 per cent increase compared to 2023.
Emaar's revenue backlog from property sales exceeded Dh110 billion, supporting future revenue generation.
Total revenue for 2024 reached Dh35.5 billion, marking a 33 per cent year-over-year increase, while net profit before tax grew by 25 per cent to Dh18.9 billion. EBITDA for the year stood at Dh19.3 billion, with a margin of 54 per cent.
"Emaar's 2024 results reflect our dedication to operational excellence, innovation, and customer experience. As we move forward, we remain committed to sustainable and technology-driven growth, further enhancing Dubai's position as a leading global destination for investment and development while aligning with the UAE's Net Zero 2050 vision," said Mohamed Alabbar, founder of Emaar Properties.
Khaleej Times
28/03/2025
Saudi Arabia's Tadawul All Share Index rose on Thursday, gaining 54.86 points, or 0.46 percent, to close at 12,025.05.
The total trading turnover of the benchmark index was SR6.02 billion
Arab News
26/03/2025
Reflecting the chaos arising from lack of clarity over the US' reciprocal tariff policy, the Qatar Stock Exchange (QSE) continued to be under selling pressure for the fifth straight session and its k
Gulf Times
25/03/2025
Saudi Central Bank has granted a license to Alannaya Al-Yatmania to conduct finance aggregation services.
This involves gathering and consolidating financial data from various sources - such
Arab News
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28/03/2025
Qatar Islamic Insurance Group convened its Annual General Assembly Meeting for the year 2024, yesterday. The Board proposed to the assembly distribution of cash dividends of 50% of the paid-up capita
The Peninsula
28/03/2025
Sabic, a global leader in diversified chemicals, today (Martch 27) reaffirmed its advocacy for sustainable growth through innovation and collaboration at the Boao Forum for Asia (BFA)'s Annual Confer
Trade Arabia
28/03/2025
AD Ports, a leading facilitator of global trade, logistics, and industry, has announced the signing of a 50- year agreement with Oylz Terminals, a UAE based oil supply and distribution provider to de
Trade Arabia
28/03/2025
Modon Holding, an Abu Dhabi-based holding company, and Elsewedy Industrial Development, one of Egypt's leading integrated industrial and logistics cities developers, have signed a letter of intent (L
Trade Arabia
27/03/2025
Saudi Aramco kept the April's official selling prices for propane and butane unchanged from the previous month, according to a statement released on Thursday.
The prices are set at $615 per
Arab News
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