xxx nude videos antalya escort
Antalya Escort
replica watches
gaziantep escort gaziantep escort
izmir escort kayseri escort gaziantep rus escort
sisli escort antalya escort http://istanbulartsnob.com atakoy escort
Terms Of Use Privacy Statement

ENBD REIT pays lower interim dividend to save up

Finance Dubai 27 Nov 20
ENBD REIT pays lower interim dividend to save up
The real estate fund ENBD REIT is shelling out lower interim dividends for the April to September period, reserving cash for future property acquisitions.
Fee
Event Location
Dubai , Dubai
Area
Dubai
Start Time
27 November 2020, 12:00 AM
End Time
12 December 2020, 12:00 AM

Dubai real estate fund ENBD REIT is paying lower interim dividend to save up on cash. The latest dividend will be $4.85 million (or $0.0194 a share) and which is 4.9 per cent lower than what was paid in the six months up to March 31, 2020.

The fund manager said in a statement: It was also done to "accommodate a cash reserve for navigating adverse market conditions." The latest dividend represents 80 per cent of the net rental income generated by assets in its portfolio.

The proposed interim dividend is subject to a share capital reduction approved by shareholders at the last AGM (annual general meeting) in July and is pending approval from DIFC Courts.

Anthony Taylor, Head of Real Estate at Emirates NBD Asset Management, said in a statement, "As we face significant pressure on valuations and rental income – resulting directly from the impact of the pandemic on the local business environment – we remain focused on managing down operating costs while at the same time upgrading our assets to enhance leasability."


Dubai DFM updates 2020 Dubai Financial Market 2020Real estate fund ENBD REIT updates



Top Dubai City Sightseeing Tickets & Passes

Related Events