DUBAI: Shareholders of Emaar Properties EMAR.DU, Dubai’s largest real estate developer, met and approved the board’s recommendation to distribute a 10 percent cash dividend for 2012.
Before the meeting, Emaar shares rose 2.1 percent, extending strong gains in recent days, partly on speculation by some investors that shareholder pressure might prompt management to raise the dividend, traders said.
Emaar shareholders approve 10% dividend
