Major Dubai property developer pulls dividend payouts amid slump, admits it doesn't have the cash

Posted from: https://www.cnbc.com/2019/10/30/major-dubai-property-developer-damac-pulls-dividend-payouts-amid-slump.html

The decision comes after Damac reported an 87% plunge in second quarter profits. Housing oversupply in Dubai has driven prices down at least a quarter since 2014….

Posted from: https://www.cnbc.com/2019/10/30/major-dubai-property-developer-damac-pulls-dividend-payouts-amid-slump.html

The decision comes after Damac reported an 87% plunge in second quarter profits. Housing oversupply in Dubai has driven prices down at least a quarter since 2014….

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