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DAMAC Real Estate board declares 2017 dividend

DAMAC Real Estate Development Ltd.'s board declared a dividend of 1.5 billion United Arab Emirates dirhams for the 2017 full year, translating to 25 fils per share.

The dividend is subject to and will be payable after shareholder approval at the next general assembly.

As of Feb. 16, US$1 was equivalent to 3.67 United Arab Emirates dirhams.