Emaar to hold ninth AGM

Emaar Properties will hold its ninth Annual General Meeting (AGM) on Sunday, March 11, 2007 from 5pm at the Sheikh Rashid Hall, Dubai International Convention Centre.

  • United Arab Emirates: Saturday, March 10 - 2007 at 14:08
  • PRESS RELEASE



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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.




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About Emaar Properties PJSC:
Emaar Properties PJSC is one of the world's largest real estate companies and is rapidly evolving to become a global provider of premier lifestyles. Powered by its Vision 2010 to become one of the most valuable companies in the world, Emaar is charting a new course of growth with a two-pronged strategy of geographical expansion and business segmentation.

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 retail, hospitality and leisure, education, healthcare, finance and industry, 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, on its way to become the world's tallest tower, and The Dubai Mall, the world's largest shopping and entertainment destination. In Saudi Arabia, Emaar is developing King Abdullah Economic City, the Kingdom's largest private sector project. Emaar's portfolio currently covers the following countries: the UAE, Saudi Arabia, Jordan, Syria, Lebanon, Morocco, Turkey, Libya, India, Pakistan, the US and the UK.

A multiple-award winning developer, Emaar has strengthened its product sale competencies, market reach and best practices through strategic acquisitions and joint ventures. Emaar acquired John Laing Homes, America's second largest privately held home builder; Hamptons International, UK's premier real estate company; and formed a joint venture with Turner International to strengthen execution capabilities.

Emaar has joined hands with Giorgio Armani and Accor Hotels to strengthen its presence in hospitality, and will launch ten luxury resorts and hotels world-wide and 100 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.

For further information, please contact:
Kelly Home / Nedal Alasaad
ASDA'A Public Relations
Exclusive Affiliate of Edelman PR Worldwide in Middle East & North Africa
Tel: (+971 4) 335 5969;
Fax: (+971 4) 335 6080
Lara Lynn Golden Posted by Lara Lynn Golden, News Editor
Saturday, March 10 - 2007 at 14:08 UAE local time (GMT+4)

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This Article was updated on Wednesday, March 14 - 2007
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