Page 34 - UNION PROPERTIES GENERAL REPORT - March 2024
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3/18/24, 9:04 AM Union Properties accumulated losses now at 49% of paid-up capital
Dubai Marina District Cityscape,United Arab Emirates. Getty Images Image used for illustrative purpose.
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EARNINGS
Union Properties accumulated losses now at
49% of paid-up capital
Losses as of December 2023 are lower than previous quarter’s $763mln
Staff Writer, ZAWYA
March 16, 2024
Dubai developer Union Properties’ accumulated losses have recently reached less than
half of the company’s paid-up capital.
The losses as of the fourth quarter of 2023 stood at over AED 2.1 billion ($571 million)
representing nearly half (49.08%) of the paid-up capital, according to a disclosure on the
Dubai Financial Market (DFM).
https://www.zawya.com/en/markets/equities/union-properties-accumulated-losses-now-at-49-of-paid-up-capital-v1f3z6fc 1/3
