Dubai – Mubasher: Deyaar Development's shareholders approved the board’s recommendation to withhold dividend payout for fiscal year 2016, according to a statement.
The board gave the go-ahead to the board’s remuneration for FY16, representing 1.5% of the company’s profits.
The company’s profits fell 25.8% to AED 216.15 million in 2016 from AED 291.35 million in 2015.
