Emaar Properties PJSC

Emaar Properties PJSC and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending September 30, 2024.

Emaar Properties PJSC reported significant financial growth for the first nine months of 2024. Property sales increased by 60% to AED 50 billion (US$ 13.6 billion), and the revenue backlog exceeded AED 100 billion (US$ 27.2 billion). The company's revenue grew by 30% to AED 23.8 billion (US$ 6.5 billion), and net profit before tax rose by 24% to AED 12.4 billion (US$ 3.4 billion) compared to the same period in 2023. Emaar attributes its success to strong demand in Dubai's real estate market, effective project execution, and investor confidence. The company also achieved a 17% growth in EBITDA, reaching AED 12.6 billion (US$ 3.4 billion). Mohamed Alabbar emphasized Emaar's commitment to adapting to market changes and continuing to deliver luxury living experiences.

Emaar Properties PJS C and its subsidiaries have released their unaudited interim condensed consolidated financial statements for the period ending June 30, 2024.

Emaar Properties PJSC reported significant financial growth for the first half of 2024. Group property sales increased by 56% to AED 31.5 billion (US$ 8.6 billion), and the property sales backlog reached AED 90.1 billion (US$ 24.5 billion). Net profit before tax rose by 33% to AED 7.8 billion (US$ 2.1 billion) compared to the same period in 2023. Additionally, Emaar announced a AED 1.5 billion (US$ 408 million) investment to expand Dubai Mall with 240 new luxury retail options. Total revenue grew by 17% to AED 14.4 billion (US$ 3.9 billion), driven by robust demand in Dubai's real estate market, strong project execution, and growth in tourism and retail sales. EBITDA increased by 24% to AED 8 billion (US$ 2.2 billion). Mohamed Alabbar highlighted the company's strategic investments and commitment to long-term success and customer satisfaction.

The document presents the unaudited interim condensed consolidated financial statements of Emaar Properties PJSC and its subsidiaries for the period ending 31 March 2024.

On 3rd April 2024, EMAAR submitted a list of candidates for the Board of Directors of Emaar Properties PJSC to the Dubai Financial Market's CEO, Mr. Hamed Ali. The submission, made through the Efsah system, included the CVs of each candidate. The information was classified as confidential/legal.

Emaar Properties has announced the commencement of nominations for its Board of Directors, starting from 23rd March 2024 to 2nd April 2024. Interested individuals who meet the nomination conditions can apply by sending an email to investor_relations@emaar.ae. The company plans to elect nine directors. Candidates must fulfill conditions as per Federal Law No (32) of 2021 and the Governance Guide. After the nomination period, candidates cannot assign their nomination to another person. The list of nominees will be posted on the company's website and notice board by 3rd April 2024. The Securities & Commodities Authority and Dubai Financial Market will also receive the list of nominees after the nomination period ends.

Emaar Properties (PJSC) has invited its shareholders to attend the Annual General Meeting on 22 April 2024, to be held remotely and at the Address Sky View Hotel in Dubai. If a quorum is not met, the meeting will be rescheduled for 29 April 2024. The meeting's agenda includes reviewing and approving the company's financial position and activities for the fiscal year ending 31 December 2023, the auditors' report, and the balance sheet. It will also discuss a dividend distribution of AED 4,419,394,924.50, representing 50% of the share capital. Other items include approving the Board Remuneration Policy, the Board of Directors' remuneration, discharging the Board and Auditors from liability for the fiscal year 2023, appointing auditors for the fiscal year 2024, electing Board members, and granting approval for Board members to carry out company-related activities. Shareholders can vote on resolutions through www.smartagm.ae.