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Union Properties proposes first cash dividend in 13 years

RIYADH, March 10, 2015

Dubai real estate firm Union Properties said on Tuesday its board had proposed a three per cent, or 0.03 dirham per share, cash dividend and a five per cent bonus share issue for 2014.

It would be the company's first cash dividend since 2002, according to Thomson Reuters data. The company last issued bonus shares for 2013, a five per cent bonus share issue.-Reuters




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