News tagged "Emaar malls"

Emaar Malls records 8% net profit growth for H1 2018

Emaar Malls records 8% net profit growth for H1 2018

31st July 2018

According to *Menaherald news report, Emaar Malls, the shopping malls and retail business majority-owned by Emaar Properties PJSC, has recorded a growth of 8 per cent in its net profit for the first half (January to June) 2018 to AED 1.102 billion (US$ 300 million) compared to the H1 2017 net profit of AED 1.021 billion (US$ 278 million). Revenue for half-year 2018 is AED 2.103 billion (US$ 573 million), an increase of 29 per cent over H1 2017 revenue of AED 1.624 billion (US$ 442 million).[..]

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Emaar Malls acquire 51% stake in Namshi for US$ 151 mn

Emaar Malls acquire 51% stake in Namshi for US$ 151 mn

25th May 2017

Leading developer Emaar Properties said its retail business unit has signed a strategic partnership deal with emerging markets’ leading fashion e-commerce platform Global Fashion Group (GFG) to further the growth of Namshi, a leading online fashion retailer in the Middle East.[..]

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Emaar Malls to distribute US$ 354 mn cash dividends

Emaar Malls to distribute US$ 354 mn cash dividends

18th April 2017

Emaar Malls, the shopping malls and retail business majority-owned by UAE developer Emaar Properties, said it will discuss the proposal of the board of directors to distribute Dh1.3 billion ($354 million) cash dividends, representing 10 per cent of the share capital (10 fils per share) for 2016.[..]

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