Dubai, UAE, March 11, 2007: Emaar Properties will hold its ninth Annual General Meeting (AGM) today, Sunday March 11, 2007 from 5pm at the Sheikh Rashid Hall, Dubai International Convention Centre.
The AGM will declare transfers to reserves, seek the approval by the shareholders of Emaar’s annual results and appoint auditors for 2007.
The AGM will be an interactive platform for the Board of Directors and senior executives of Emaar with the shareholders and will highlight the growth attained by the company since its inception in 1997.
Emaar recorded net revenues and profits of AED 14.006 billion (US$3.813 billion) and AED 6.371 billion (US$1.735 billion), respectively, for the year ended December 31, 2006. The company is on geographic expansion and business segmentation drive and is building new competencies in retail, hospitality and leisure, education, healthcare, finance and industry.
Emaar’s overseas development portfolio is now over AED 220 billion (US$60 billion) and the company has strengthened its global presence through strategic acquisitions and joint venture partnerships.
