700 thousand investors received 43 billion dirhams distributions from listed companies for 2019

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The value of cash profits distributed by Abu Dhabi and Dubai Financial Market to shareholders on behalf of listed companies amounted to 43.13 billion dirhams for the fiscal year 2019 .. While the number of beneficiaries of these distributions exceeded 700,000 investors in the two markets, according to statistics issued by the two markets. The value of the large cash dividends distributed by the two markets on behalf of the listed companies reflects the lucrative returns obtained by investors in the financial markets, which are the highest in the Arab Gulf region and the Middle East. During the past years, the Abu Dhabi and Dubai Financial Market had launched innovative electronic initiatives to distribute profits to shareholders on behalf of the listed companies, which facilitated the process of obtaining them by the beneficiaries and eased the burden on the companies themselves. In detail, the statistics issued by the Abu Dhabi Securities Exchange show that the value of cash dividends distributed to shareholders on behalf of listed companies reached 22.5 billion dirhams for the fiscal year 2019. At the level of the Dubai Financial Market, the value of cash dividends distributed on behalf of listed companies amounted to about 20.63. One billion dirhams for the fiscal year 2019, noting that this value is inclusive of the cash acquisition offer payments made by DP World to its shareholders, a company that was previously listed on the Nasdaq Dubai Stock Exchange. It is noteworthy that the Dubai Depository Company, which handles the distribution of profits on behalf of the companies listed on the Dubai Financial Market and Nasdaq Dubai, relies on an advanced electronic system through which the distribution process is completed very quickly to hundreds of thousands of investors in the market, based on a comprehensive database of the names of all investors. In addition to the distributions received and not received for each of them. (WAM)





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