{"id":14833,"date":"2019-10-31T06:13:06","date_gmt":"2019-10-31T06:13:06","guid":{"rendered":"https:\/\/onplan.ae\/damac-properties-confirms-non-distribution-of-dividends\/"},"modified":"2019-10-31T06:13:06","modified_gmt":"2019-10-31T06:13:06","slug":"damac-properties-confirms-non-distribution-of-dividends","status":"publish","type":"post","link":"https:\/\/onplan.ae\/ar\/damac-properties-confirms-non-distribution-of-dividends\/","title":{"rendered":"DAMAC Properties confirms non-distribution of dividends"},"content":{"rendered":"<div>\n<p><strong>Dubai \u2013 Mubasher<\/strong>:&nbsp;<a href=\"https:\/\/english.mubasher.info\/markets\/DFM\/stocks\/DAMAC\">DAMAC Properties Dubai Company<\/a> has confirmed reports regarding non-distribution of dividends due to the decline in profits and the conditions of the market, according to a bourse statement released on Wednesday.<\/p>\n<p>The company added that the management view may be changed as the date of dividend distribution approaches.<\/p>\n<p>\u201cThe management will look at the circumstances at that time, make a recommendation to the board of directors and the latter will make a recommendation to the shareholders,\u201d DAMAC said.<\/p>\n<p>In the first half of 2019, <a href=\"https:\/\/english.mubasher.info\/news\/3518018\/DAMAC-Properties-posts-AED-82m-net-profit-in-6M\">DAMAC Properties<\/a> disclosed net profits worth AED 82 million. Gross profits for the same period stood at AED 502 million, reflecting gross profit margins of 27%.<\/p>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"<div>\n<p><strong>Dubai \u2013 Mubasher<\/strong>:&nbsp;<a href=\"https:\/\/english.mubasher.info\/markets\/DFM\/stocks\/DAMAC\">DAMAC Properties Dubai Company<\/a> has confirmed reports regarding non-distribution of dividends due to the decline in profits and the conditions of the market, according to a bourse statement released on Wednesday.<\/p>\n<p>The company added that the management view may be changed as the date of dividend distribution approaches.<\/p>\n<p>\u201cThe management will look at the circumstances at that time, make a recommendation to the board of directors and the latter will make a recommendation to the shareholders,\u201d DAMAC said.<\/p>\n<p>In the first half of 2019, <a href=\"https:\/\/english.mubasher.info\/news\/3518018\/DAMAC-Properties-posts-AED-82m-net-profit-in-6M\">DAMAC Properties<\/a> disclosed net profits worth AED 82 million. Gross profits for the same period stood at AED 502 million, reflecting gross profit margins of 27%.<\/p>\n<\/p><\/div>","protected":false},"author":1,"featured_media":14834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[938],"tags":[],"class_list":["post-14833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/14833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/comments?post=14833"}],"version-history":[{"count":0,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/posts\/14833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media\/14834"}],"wp:attachment":[{"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/media?parent=14833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/categories?post=14833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/onplan.ae\/ar\/wp-json\/wp\/v2\/tags?post=14833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}