Emaar Properties has revealed first half (H1) revenues of Dhs9 billion and over Dhs2 billion in net profit, according to a statement by the real estate Dubai-based giant on Thursday.
Abu Dhabi National Energy Company (Taqa), announced on Thursday its earnings for the second quarter of 2020. The company’s revenues reached Dhs3.3 billion for the quarter, reflecting the COVID-19 pandemic ongoing adverse impact on energy markets.
Chairman of Emaar Properties Mohamed Alabbar said, "This crisis has impacted everyone, and we are keen to aid efforts to accelerate government measures to restore normal life. To mitigate the current situation, we need to streamline the efforts of both corporates and individuals."
The 23rd Annual General Meeting (AGM) of Emaar Properties on Monday approved the distribution of Dhs1.07 billion ($290 million) as dividend to the shareholders, representing 15 per cent of the share capital being 15 fils per share. The meeting approved the report by the Board of Directors on the activities
The top three transactions were a land in Island 2 sold for Dhs34 million, followed by a land that was sold for Dhs26.5 million in Al Thanayah Fourth, and a land sold for Dhs34 million in Island 2 in third place.
Emaar Development, the UAE build-to-sell property development business, majority-owned by Emaar Properties, delivered resilient 2020 year-end results.
Emaar Malls, the shopping malls and retail business that’s majority-owned by Emaar Properties recorded revenue of Dhs3.508 billion ($955 million) in 2020. Overall net profit in 2020 amounted to Dhs704 million (US$ 192 million).
Etisalat, from Emirates Telecommunication Group Company and, du, from Emirates Integrated Telecommunications Company (EITC), have announced the finalisation of their master developer agreements (MDA) with Emaar Properties,
Emaar Properties held its Annual General Meeting (AGM), where its Board of Directors announced the company’s solid performance in 2021