Just came back from Emaar Properties AGM. And guess what - it became quite emotional and thus exciting to watch.Because some shareholders were expressing their disappointment about the company's intention not to pay any dividends this year due to the economic crisis. The Chariman said he understands that, but it'd be "like tearing down your own house if we paid out the cash now needed for the company's operation". After the shareholders' vote (an overall "yes"), dozens left the room in protest. I can write that, because it'll be in the news tomorrow anyway. But you read it here first ;-)
Emaar, by the way, is the company behind such big-scale projects as the Burj Dubai or Dubai Mall, and they're also developing property abroad.
For those who are unsure what an AGM is: An "Annual General Meeting" is a yearly meeting of a company's shareholders. They can review fiscal information and ask questions regarding the decisions the business will take in the future.
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