Dubai – Mubasher: The board of Union Properties has recommended distributing bonus shares, equivalent to 3.5% of the capital, for 2020.
During their meeting, the board has also proposed share buyback at a rate not exceeding 10% of the issued capital upon obtaining the necessary approvals, according to a bourse filing on Monday.
It is noteworthy to mention that in 2020, the company moved to net profits of AED 200.99 million, against net losses of AED 224.3 million in 2019.
