For the first time in the company’s history, the Board of Directors of Deyaar Development PJSC (Deyaar), one of the top service providers and real estate developers in Dubai, has approved the dividend distribution.
This historic choice highlights Deyaar’s dedication to providing long-term value to its investors and represents an important turning point for the company and its shareholders.
Abdullah Al Hamli – Chairman of the Deyaar Board of Directors, said: “ We are delighted to announce our decision to distribute dividends to our valued shareholders. The Board recommended distributing four percent of the share capital as dividend (Dh175 million, equivalent to 4 fils per share) to shareholders, and present the recommendation to the General Assembly for approval. This marks a significant achievement for Deyaar and reflects our steady growth trajectory. In recent years, Deyaar has undergone a remarkable transformation, resetting in 2022 and reaping the rewards in 2023. With a strong business model and strategic initiatives in place, Deyaar is now well-positioned to embark on a new chapter of growth. Looking ahead, I am confident that this momentous milestone paves the way for continued success. I extend my heartfelt gratitude to our shareholders for their trust and support, and I congratulate all stakeholders and the entire Deyaar team for their dedication and resilience, exemplifying the power of strategic vision.”
It is suggested that the company’s Annual General Assembly Meeting be held on April 5.
One of the top developers in Dubai, Deyaar is listed on the Dubai Financial Market and is primarily owned by Dubai Islamic Bank (DIB). Its real estate projects are spread across the emirate’s prime locations and important growth corridors. Deyaar has provided a vast portfolio of residential and commercial properties over the last 20 years, all of which offer the best caliber and service.