Deyaar elects new Board and approves dividend at AGM
Financial Deyaar elects new Board and approves dividend at AGM
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The newly elected Board will reinforce Deyaar's commitment to corporate governance, innovation, and sustainable growth
Deyaar Development conducted its Annual General Assembly (AGA) under the leadership of its Chairman, Abdulla Ali Alhamli. The meeting brought together the company's Board of Directors, shareholders, senior management, external auditors, and representatives from regulatory bodies, marking a milestone in Deyaar's corporate governance calendar.
In a strong show of corporate alignment, shareholders overwhelmingly approved all agenda items, demonstrating confidence in the company's strategic direction. The General Assembly elected a new Board of Directors for the 2025-2028 term, comprising, Abdulla Ali Alhamli, Hamad Mubarak Buamim, Adnan Chilwan, Mohammed Saeed Al Sharif, Maryam Mohammed Bin Faris, Mohammed Rashed Bin Dhabeah Al Ketbi, Rashid Hasan Aldaboos, said a statement.
The newly elected Board is expected to reinforce Deyaar's commitment to corporate governance, innovation, and sustainable growth, further strengthening its role as a key enabler in the UAE's economic diversification and real estate development goals. The approval of a 5% dividend distribution underscores Deyaar's financial performance and commitment to delivering shareholder value.
Deyaar continues to deliver transformative developments reflecting innovation, and sustainability. With a portfolio that spans residential, commercial, and hospitality sectors, Deyaar remains at the forefront of shaping the nation's urban future. The company reaffirms its commitment to supporting the UAE's visionary development agenda, contributing meaningfully to the country's socioeconomic progress, and delivering long-term value to stakeholders.
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