Page 59 - UP PR REPORT - APRIL 2026

4/8/26, 10:18 AM Union Properties Declares First Dividend in 11 Years - 2026-04-07

Union Properties Declares First Dividend in 11

Years

19 hours ago

Summary
Union Properties PJSC's AGM marked a historic return to dividends after 11 years, reflecting financial resilience and
shareholder confidence.

Union Properties PJSC announces a milestone AGM with a return to dividends and a new board to steer
future growth.

Union Properties PJSC, a prominent player in the UAE real estate sector, has made headlines with its recent Annual
General Meeting (AGM) outcomes. For the first time in six years, the AGM met its first quorum, with an impressive 68%
shareholder attendance. This strong participation underscores a renewed investor confidence in the company's strategic
direction, performance, and future prospects.

The most significant highlight of the AGM was the approval of a cash dividend of AED 3 fils per share, marking the
company's first dividend payout in over a decade. This landmark decision is a testament to Union Properties' financial
fortitude and improved cash position, following years of strategic transformation. The reinstatement of dividends sends a
clear message of the company's commitment to delivering consistent shareholder returns, a move that could potentially
enhance investor sentiment and attract new investments.

In addition to the dividend announcement, the AGM also saw the election of a new Board of Directors, who are set to lead
the company into its next phase of growth. The board comprises Shaikh Nasser Rashid Almoalla, Mohamed Fardan Al
Fardan, Amer Abdulaziz Khansaheb, and Ahmed Salem Alhosani. These individuals bring a wealth of experience and
strategic insight, which will be crucial as Union Properties navigates the competitive real estate landscape in the UAE.

Looking ahead, Union Properties appears to be on a promising path. The combination of a strong board and the return to
dividends suggests a focus on sustainable growth and value creation for shareholders. However, potential investors
should remain cautious and consider the broader economic conditions and real estate market trends in the UAE before
making investment decisions.

Given the company's recent financial improvements and strategic initiatives, a 'hold' recommendation is advisable for
current investors. This allows shareholders to benefit from potential future dividends and capital appreciation as the
company continues to execute its growth strategy. For prospective investors, monitoring Union Properties' performance
and market developments will be key to identifying the right entry point.

https://www.investoract.com/uae/instruments/union-properties-pjsc/insights/union-properties-declares-first-dividend-in-2026-04-07 1/1