Dubai's Damac expects to maintain 25% dividend despite falling profits
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Dubai
DUBAI'S Damac Properties expects to maintain its 25 per cent cash dividend policy for 2016 despite profit declines in the first three quarters, its group chief financial officer said on Sunday.
The developer's board set a minimum 25 per cent cash dividend target in 2014 for the following two years. The board followed the recommendation in 2015 but is yet to announce a dividend for 2016.
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