During the Annual General Meeting held on March 26, 2025, shareholders approved the dividend distribution, aligning with Emaar's updated dividend policy introduced in December 2024. This policy revision effectively doubled the dividend compared to the previous year, when AED 4.4 billion was distributed. The AGM also saw the approval of the auditor's report for 2024 and the board's report detailing the company's activities and financial position.
Emaar's financial results for 2024 showcased strong operational performance and continued growth across its key business segments. The company's ability to achieve such impressive results is attributed to its strategic initiatives and resilience in navigating market challenges.
The announcement of the 100% dividend payout had a notable impact on the Dubai Financial Market. Following the declaration, Emaar's shares surged by 14.7%, propelling the Dubai stock market to its highest level in nearly a decade, with the benchmark index reaching 5,010 points. This surge was further supported by gains in other sectors, including finance, where Emirates NBD saw an 8% rise.
Emaar's commitment to shareholder value is further exemplified by its dividend yield. As of March 26, 2025, the forward dividend yield stands at 7.46%, reflecting the company's strong earnings and cash flow coverage. Over the past decade, Emaar's dividend payments have increased, demonstrating a consistent effort to enhance shareholder returns.
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