Aldar Properties distributes $310mn in cash dividends for FY2020 ...United Arab Emirates

Aldar Properties, the Abu Dhabi-based real estate developer, is set to distribute cash dividends worth $310 million to its shareholders for the fiscal year 2020. In its filing to the Abu Dhabi Exchange, Aldar said that is equivalent to 14.5 percent of the company’s capital or 14.5 fils per share for the financial year ended on December 31, 2020. The announcement was made at the ordinary general meeting (OGM) of Aldar Properties, where the shareholders have set the last entitlement date at March 31, 2021, and the ex-dividend date at April 1, 2021. The developer has also reported a strong financial and operating performance in 2020, driven by record annual development revenue and increased inc

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Last updated : 28 March 2021 clock 12:15 PM

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Aldar Properties distributes $310mn in cash dividends for FY2020 ...United Arab Emirates

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