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Emaar Malls recorded a net profit of AED2.08 billion (USD 566 million) in 2017 Emaar Malls recorded a net profit of AED2.08 billion (USD 566 million) in 2017

Third AGM of Emaar Malls Approves Distribution

The third Annual General Meeting (AGM) of Emaar Malls on April 23, approved the distribution of cash dividends to shareholders amounting to AED1.3 billion (USD353.9 million), representing 10 percent of the share capital.

Emaar Malls AGM also approved the report by the board of directors on the activities and financial position of Emaar Malls, the Auditor’s report, and balance sheet for 2017.

“The key to ensuring the sustained growth of malls is to reinvent themselves with a focus on the aspirations of a new generation of customers,” outlined Mohamed Alabbar, chairman, Emaar Properties.

Alabbar also highlighted that in addition to leveraging digital technology to enhance the customer experience at The Dubai Mall, the company aims to redefine the future of retail through our innovative new shopping, leisure and lifestyle destinations in Dubai Hills Estate and Dubai Creek Harbour.

Continuing to build its portfolio, Emaar has announced the launch of Dubai Hills Mall, a family retail district in Dubai Hills Estate.

It is scheduled to open in late 2019, featuring more than 750 retail outlets including an array of fast fashion retail stores, restaurants and cafés.