Grand City Properties Suspends 2024 Dividend Payout

Grand City Properties S.A. has announced its decision to suspend the dividend payout for 2024. This decision was made by the board of directors and will be presented at the annual general meeting on June 24, 2025. The company, based in Luxembourg, aims to maintain a conservative financial strategy, ensuring flexibility and stability in its operations.

The move is a part of Grand City's approach to financial management, prioritizing cautious and prudent financial planning. The company emphasized that this decision aligns with its long-term goals of maintaining financial headroom in a challenging market environment.

This announcement is significant as dividend payouts are a critical factor for shareholders. Grand City Properties remains firm on its commitment to navigated market fluctuations.