Manazel Real Estate distributes 7% cash dividend
The Annual General Assembly of Manazel Real Estate disclosed its decision to distribute a total of 7% dividend for the year 2013 to its shareholders.
H.E. Mohamed M. Al Qubaisi, Chairman of Manazel Real Estate, stated that new real estate projects will be introduced this year with prices to suit the middle income class in a new concept that complements the company’s previous development plans which clearly demonstrated their value and success in the local market.
A five-year investment plan is also underway to drive the company’s pursuit to invest in a variety of sectors, in addition to investments in the real estate sector, which will help provide a significant increase in returns for Manazel shareholders in the coming stage.