Page 25 - UP PR REPORT - APRIL 2026

4/9/26, 10:21 AM Union Properties Dividend 2026 | First Payout in 11 Years
Union Properties Approves First Dividend in 11

Years, Signaling Strong Financial Comeback

Wednesday, 8 April 2026

Union Properties announces its first dividend payout in over a decade, reflecting strong financial performance,

improved liquidity, and renewed shareholder confidence.

Key Highlights

Union Properties PJSC has approved a cash dividend of 3 fils per share, marking its first dividend distribution in
11 years.

The milestone reflects the company’s strong financial recovery and improved cash position following a multi-
year transformation strategy.
The decision signals renewed confidence in delivering consistent shareholder returns and long-term value
creation.

The company’s Annual General Meeting (AGM) witnessed 68% shareholder participation, successfully
achieving quorum on the first call for the first time in six years.
During the AGM, a new Board of Directors was elected for a three-year term, marking the start of a new growth
phase.

Chairman Mohamed Fardan Ali AlFardan highlighted the company’s robust financial performance and strategic
progress.
Total revenue reached Dh736.9 million, representing a 39.4% increase year-on-year, showcasing strong
business momentum.

Operating profit rose significantly to Dh240.7 million, compared to Dh161.8 million previously, indicating
improved operational efficiency.
The company’s cash reserves climbed to Dh494.2 million, reflecting one of its strongest liquidity positions in
recent years.

This enhanced financial strength enables the company to support future growth initiatives and maintain stable
returns for investors.
CEO Amer Khansaheb described the dividend approval as a defining milestone in the company’s transformation
journey.

Over the past four years, Union Properties has focused on disciplined execution, restructuring, and
strengthening its financial fundamentals.
The reinstatement of dividends demonstrates the company’s commitment to rewarding shareholders and
rebuilding market confidence.

The improved financial performance reflects effective cost management, optimized operations, and strategic
decision-making.
The company is now positioned to capitalize on opportunities in Dubai’s growing real estate sector.
Strong liquidity and profitability provide a solid foundation for future investments and expansion plans.

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