Union Properties board proposes dividend distribution, sale of 20% in JV for AED98 million
Union Properties has announced that its Board of Directors has recommended the distribution of 7% in bonus shares, to be discussed at the AGM scheduled for 17 April. The board has also agreed to accept a binding offer to sell an additional 20% in its JV, Property Investments LLC, for a total consideration of AED98 million, subject to regulatory approvals. (DFM)
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