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Dubai's Deyaar not to pay 2008 dividend

by This email address is being protected from spam bots, you need Javascript enabled to view it  on Sunday, 01 March 2009
DIVIDEND DRAIN: Deyaar directors also agreed on the company's 2009 strategy.
DIVIDEND DRAIN: Deyaar directors also agreed on the company's 2009 strategy.

Dubai-based real estate developer Deyaar said on Sunday its board of directors had decided not to propose paying a dividend for 2008 or issue bonus shares.

The directors also agreed on the company's 2009 strategy, Dubai's second-largest developer said in a statement on the bourse website without giving details.

Its shares, up six percent this year, were down 1.89 percent at 11.03am, UAE time.

Deyaar's fourth-quarter profit surged 59 percent to 343 million dirhams ($93.38 million) mainly on property sales and leasing, it said in January. (Reuters)

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more » MIDDLE EAST MARKETS DATA

DEYAAR.DFM

Last Price:

0.50

0.000.00%

21 Mar 2010 09:59 GMT
(Market Closed)

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