Part Two Questions:

1.Provide comprehensive analysis on the capital structure of Emaar over the last 5 years and explain its impact on performance of the company.

2.Explain the reasons behind the decline in the free cash flow.

3.Based on the 5-years financial statement statements, comment on the association between the dividend and capital structure of Emaar Company.

4.If Emaar plans to keep the same rate of growth, what the optimal mechanism of raising fund for its new investments?

5.How do you compare Emaar with other competitors on the bases of:

EPS,

Capital structure and risk of debt,

Ability to raise internal finance, and

Dividend policy.