Page 22 - UP PR REPORT - APRIL 2026

4/9/26, 10:20 AM Union Properties Approves First Dividend in 11 Years as AGM Meets Quorum
Union Properties Approves

First Dividend in 11 Years

as AGM Meets Quorum

Shabnam Tahernia Apr. 08, 2026 News

Union Properties approves first dividend in 11 years after AGM quorum, marking
a key milestone in its financial recovery and growth strategy.

hairman of Union Properties, Mr. Mohamed Fardan Ali Al Fardan, CEO and Board Member, Eng. Amer Khansaheb, during the 20th
Anniversary Celebration at the Dubai Autodrome. Image: Union Properties

DUBAI, UAE – Union Properties has approved its first dividend payout in more
than a decade, following a successful Annual General Meeting (AGM) that

achieved quorum for the first time in six years, marking a significant milestone in
the company’s recovery and strategic repositioning.

The AGM, held on April 7, recorded 68% shareholder participation, enabling
proceedings to be completed at first quorum, a level not reached since 2020. The

company noted that the strong turnout reflects renewed investor confidence in its
performance and future outlook.

Shareholders approved a cash dividend of $0.0008 per share (AED 3 fils),
representing the company’s first payout in 11 years. The move signals a

strengthened financial position and a return to shareholder value creation
following a prolonged period of restructuring and operational realignment.

https://www.propertynewsint.com/en-ae/news/union-properties-approves-first-dividend-in-11-years-as-agm-meets-quorum 1/2