ADX distributes billions in cash dividends to investors | ZAWYA MENA Edition:
Abu Dhabi Securities Exchange, ADX, announced on Saturday the distribution of over AED25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies. In comparison to the 2018 dividends, the 6.95 percent increase demonstrates the attractiveness of the investment environment in the Emirates and especially in Abu Dhabi.
According to a statement released by the exchange, 398,220 UAE investors received their profits compared to 155,589 investors from other GCC nations, and 18,965 foreign investors, while cash dividends were distributed to 7442 institutional investors.
Commenting on the announcement, Khalifa Salem Al Mansouri, Acting Chief Executive of ADX, said, "The increase in the size of cash dividends is a clear sign of how well ADX listed companies are performing. It also shows the attractiveness of our investment environment which is served by a supportive and efficient dual economic and legislative structure in the UAE." The banking sector topped the list of the most active sectors in ADX with regards to cash dividend distribution with 52 percent of the total value of around AED13.1 billion, followed by the telecommunication sector with 28 percent
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