Press releases, Reports & Disclosures for Deyaar Development PJSC

The document is a nomination form for individuals interested in becoming a member of the Board of Directors at Deyaar Development PJSC in Dubai, UAE. Candidates can nominate themselves for three types of memberships: Executive, Non-executive independent, and Non-executive non-independent. To qualify, candidates must comply with UAE Federal Law No (32) of 2021 and the SCA Board of Directors Decision No. (3/R.M) of 2020, among other regulations. Required documents include a resume, statements of board memberships, share ownership, a criminal status certificate, and identification copies. Incomplete applications will be void. Definitions are provided for the different types of board members.

Deyaar Development PJSC's Board of Directors invites shareholders to attend the Annual General Assembly Meeting on April 16, 2025, at 11:00 AM, both electronically and in person at Millennium Al Barsha, Dubai. The agenda includes reviewing the Board's report on the company's activities and financial position for 2024, approving the auditor's report, the balance sheet, and profit and loss account for 2024. It also involves discussing a proposal for a 5% cash dividend, approving Board remuneration, discharging liabilities for the Board and auditors, appointing new auditors, and amending the Board's composition to seven members. Shareholders will also elect Board members. E-voting details are provided, and shareholders must register before the meeting starts. Proxies must be submitted 48 hours before the meeting. The meeting requires at least 50% shareholder attendance or representation. If quorum is not met, a second meeting will be held on April 23, 2025. Further details and reports are available on Deyaar and Dubai Financial Market websites.

Deyaar Development PJSC has announced the launch of AYA Beachfront Residences, its first residential project in Umm Al Quwain, UAE. This development marks Deyaar's expansion into the emirate, offering a blend of luxury and wellness in a beachfront community. Phase 1 will feature 442 residential units, including one- to five-bedroom residences with nature-inspired interiors. The project aims to create a new destination for global investors while providing lifestyle opportunities and boosting the local economy. Future phases will include additional amenities such as a marina and cultural venues.

Deyaar Development PJSC, a leading real estate developer based in Dubai, has announced its Board of Directors' recommendation to distribute dividends for the second consecutive year. This move highlights the company's commitment to sustainable financial performance and long-term strategic goals. The proposed 5% dividend will be presented for approval at the upcoming General Assembly. Deyaar's Chairman, Mr. Abdullah Ali Al Hamli, emphasized the company's strong performance and future growth strategy, including expansion into other emirates. Deyaar is listed on the Dubai Financial Market and is majority-owned by Dubai Islamic Bank. Since its establishment in 2002, Deyaar has grown significantly, offering a wide range of commercial and residential properties in prime locations.

A strategic partnership agreement was signed between Umm Al Quwain Properties and Deyaar Development to develop projects on the Umm Al Quwain waterfront. The signing was witnessed by Sheikh Ahmed bin Saud bin Rashid Al-Mualla, Vice President of the Executive Council of Umm Al Quwain. Sheikh Majid bin Saud bin Rashid Al-Mualla and Mr. Saeed Mohammed Al Qatami, CEO of Deyaar Development, signed the agreement. The partnership aims to enhance modern infrastructure and promote sustainable tourism, aligning with Umm Al Quwain's strategic plan to enrich the tourism experience. Mr. Saeed Mohammed Al Qatami emphasized the goal of creating innovative residential spaces that balance modern living with nature.