Page 42 - UP PR REPORT - APRIL 2026
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4/8/26, 10:16 AM                             Union Properties AGM approves first dividend in 11 years

        Union Properties AGM approves first dividend in 11


        years

        DUBAI


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        Union Properties shareholders have approved the distribution of a cash dividend of AED3 fils per share, marking the company’s
        first dividend payout in 11 years.


        The reinstatement of dividends represents a clear signal of the company’s financial strength, improved cash position, and renewed
        capacity to deliver consistent shareholder returns following a multi-year transformation, the company said following its Annual
        General Meeting (AGM).


        The AGM, held on April 7, also marked the election of a Board of Directors for the next three-year term. The appointed board
        comprises: Shaikh Nasser Rashid Almoalla, Mohamed Fardan Al Fardan, Amer Abdulaziz Khansaheb, Ahmed Salem Alhosani,
        Ahmad Bin Mohammad Al Qassimi, Khaled Nasser Al Shamsi and Rana Abdelkarim Shashaa.


        Strong financial performance



      https://gulfconstructiononline.com/ArticleTA/413751                                                           1/2
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