The Deyaar Board’s recommendation to distribute dividends, signifies commitment to future growth
In a strategic decision, the Board of Directors of Deyaar Development PJSC (“Deyaar”), a prominent real estate developer and service provider based in Dubai, United Arab Emirates (UAE), has announced its recommendation to distribute the dividends for the second consecutive year, reinforcing the company’s ongoing success journey and strong equity story.
This is a significant milestone, reflecting Deyaar’s dedication to delivering sustainable financial performance and long-term strategic objectives.
Mr. Abdullah Ali Al Hamli, Chairman of the Deyaar Board of Directors, commented on this decision: “We are pleased to announce our recommendation for dividend distribution to our esteemed shareholders for the second consecutive year. The Board has proposed a 5% dividend which will be submitted for approval at the upcoming General Assembly. This achievement not only demonstrates our solid performance but also underscores our strategic vision for future growth. Deyaar is now strategically positioned to capitalize on new opportunities as we advance. We are also actively expanding our operations into other emirates, reflecting our ambition and vision for growth. Our robust business model and innovative initiatives will serve as the foundation for our continued success. I extend my sincere gratitude to our shareholders for their ongoing trust and support, and I commend all stakeholders and Deyaar team for their commitment and dedication.”
Listed on the Dubai Financial Market and majority-owned by Dubai Islamic Bank (DIB), Deyaar is one of Dubai’s leading developers, with real estate ventures spanning key growth corridors and prime locations within the emirate. Over the past two decades, Deyaar has delivered an extensive portfolio of commercial and residential properties, all offering the highest levels of service and quality.
