Abu Dhabi Securities Exchange (ADX) today announced that it has distributed over AED 25 billion in cash dividends to 572,774 eligible investors, on behalf of the listed companies for last year's profits.
A total of 398,220 UAE investors received dividends, compared to 155,589 GCC nationals and 18,965 investors of other nationalities, while cash dividends were distributed to 7,442 institutions, the market said in a statement. .
ADX's Acting Chief Executive Officer, Khalifa Salem Al Mansouri, said: “ADX is committed to applying the best practices and standards globally to ensure that investors and shareholders of its listed companies receive the highest returns through cash dividends. To enhance the market position globally, we seek to provide a stable trading environment capable of providing real investment opportunities for foreign investors and citizens alike. ”
He added that the increase in the size of the cash dividends demonstrates the strong performance of the listed companies in the Abu Dhabi Securities Market, the attractiveness of the safe investment environment provided by the market, as well as the distinguished economic and legislative structure in the UAE.
He pointed to the impact of cash dividends on shareholders, through its role in providing liquidity within the markets, where the dividends effectively contribute to enhance investor confidence in the operating performance of these companies.