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Emaar Properties to hold eleventh AGM on April 29, 2009

April 28, 2009
Country: UAE
Client(s): Emaar Properties PJSC

Emaar Properties PJSC will hold its eleventh Annual General Meeting (AGM) at 5pm on Wednesday, April 29, 2009, in Exhibition Hall No. 1 of the Dubai World Trade Center.

The AGM will discuss the proposal of the Board of Directors regarding the non distribution of dividends. Also on the agenda are the approvals of the Directors’ Report, Auditor’s Report and financial statements, appointment of auditors for the year 2009 and election of members for the Board of Directors.

In 2008, Emaar recorded net operating profits of AED 5.578 billion (US$1.519 billion), 15 per cent lower than previous year figures of AED 6.575 billion (US$ 1.790 billion). Emaar’s annual revenue for 2008 is AED 16.015 billion (US$4.360 billion), 10 per cent lower than AED 17.869 billion (US$4.865 billion) in 2007.

Emaar will continue to build on our strategy of business segmentation and geographic expansion as we continue to strive to maximise shareholder value.

Company Information
About Emaar Properties PJSC:-

Emaar Properties PJSC is a global property developer with a significant presence in 36 markets world-wide. Replicating its successful business model in Dubai, Emaar is extending its expertise in creating master-planned communities to international markets. Emaar is also developing new competencies in malls, hospitality & leisure, education, healthcare and finance, which have evolved from its integrated approach to customer service and property development.

Listed on the Dubai Financial Market, part of the Dow Jones Arabia Titans Index and certified to ISO9001:2000 for quality standards, Emaar is developing Burj Dubai, the world's tallest building and free-standing structure, and The Dubai Mall, one of the world's largest shopping and entertainment destinations. In Saudi Arabia, Emaar is developing King Abdullah Economic City, the region's largest private sector-led project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Egypt, Turkey, Libya, Algeria, India, Pakistan, China, Indonesia, the US, the UK, France and Canada.

Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury Armani Hotels & Resorts world-wide and 100 Formule 1 budget hotels in India. The company is opening educational institutions and healthcare centres in South Asia, Middle East and North Africa and the Subcontinent. Emaar acquired Singapore-based leading education provider, Raffles Campus, to extend expertise to its educational institutions.

Emaar holds 30 per cent equity in Dubai Bank, focused on retail and commercial banking. Emaar is also the largest shareholder in Amlak Finance, UAE's leading Islamic home financing company.

Contact Information
Contact name : Kelly Home
Company name : ASDA'A Burson-Marsteller
Telephone No. : (+971 4) 334 4550
Email : k.home@asdaa.com




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