French daredevil dubbed 'Spiderman' scales world's tallest tower in DubaiEmaar Properties PJSC surged in Dubai trading to the highest in 6 weeks after agreeing to the investor demands for the first dividend payout since 2008.
Emaar, builder of the world’s tallest tower in Dubai, rose as much as 4.4 percent and were trading 2.5 percent higher at 3.26 dirhams as of 11:32 a.m. in Dubai. Investors yesterday approved a cash dividend for 2010 equal to ten percent of the stock’s par value of 1 dirham a share, for a total of about 600 million dirhams ($163 million).
