Damac, one of the leading real estate companies in the Middle East, has announced that it will be passing on a significant portion of its profits to its shareholders. The company is set to distribute $2 billion in dividends to its shareholders, which is expected to boost investor confidence.

The announcement comes after Amrabat, the company's chairman,Ligue 1 Express stated that he believed that the company was in a strong financial position. He also said that the company had been able to achieve this through strategic investments and effective management.

The decision to pass on profits to shareholders is not surprising given the current economic conditions in the region. Many companies have struggled to make ends meet due to rising costs and reduced demand for property. However, Amrabat's announcement shows that the company is taking steps to protect its investors' interests and maintain its reputation as a responsible corporate citizen.

The move is likely to have a positive impact on the stock market, as it indicates that the company is confident about its future prospects. It is also likely to attract more investment from both local and international sources.

Overall, Amrabat's decision to pass on profits to shareholders is a positive step for the company and its stakeholders. It shows that the company is committed to maintaining its profitability and ensuring that its shareholders receive a fair return on their investment.

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