Page 27 - UP PR REPORT - APRIL 2026

Union Properties’ AGM approves dividends

for 1st time in over decade

Dubai – Mubasher: The annual general meeting (AGM) of Union Properties approved the
distribution of a cash dividend of AED 3 fils per share, marking the company’s first dividend payout
in 11 years, according to a press release.

The greenlighted dividends reflect the group’s financial strength, improved cash position, and
renewed capacity to deliver consistent shareholder returns following a multi-year transformation.

The AGM, held on April 7, also marked the election of a board of directors for the next three-year
term.

Mohamed Fardan Ali AlFardan, Chairman of Union Properties, highlighted the company’s robust
financial performance.

Total revenue reached AED 736.90 million in 2025, representing an annual increase of 39.40% when
compared to AED 528.70 million.

Operating profit jumped to AED 240.70 million last year from AED 161.80 million in 2024, while cash
reserves hiked to AED 494.20 million, reflecting one of the strongest liquidity positions in recent
years.

https://www.decypha.com/en/news/details/Union-Properties--AGM-approves-dividends-for-1st-
time-in-over-decade/21543533