Aldar holds AGM via video conference
Shareholders approve AED 1.14 billion as cash dividends
Abu Dhabi - UAE, 18 March 2020: H.E Mohamed Khalifa Al Mubarak, Chairman of Aldar, hosted today the Annual General Assembly meeting of Aldar properties via video conference, after receiving the necessary approvals from Abu Dhabi Securities Exchange (ADX) and the Emirates Securities and Commodities Authority (ESCA). This makes Aldar the first company in Abu Dhabi's private sector to host its AGM as a video conference meeting.
During the meeting, shareholders approved the recommendation of the Company's Board of Directors to distribute AED 1.14 billion as cash dividends (14.5 fils per share) for the financial year ended on 31 December 2019, representing a 4% growth on 2018's dividend, marking the eighth consecutive year of growth in Aldar's dividend.