356 thousand investors received their profits
Dubai Depository: Distribution of 20.63 billion dirhams in cash profits to listed companies
Maryam Fikry: “(Dubai Depository) is currently relying on an advanced electronic profit distribution system.”
Dubai Depository Company, the first independent company for central securities depository services in the UAE, and affiliated with the Dubai Financial Market, announced yesterday that it has completed the distribution of cash dividends for the fiscal year 2019, with a total of 20.63 billion dirhams distributed to 356,480 investors.
And she indicated in a statement yesterday that the number of companies that Dubai Depository has managed the profit distribution on its behalf reached 29 companies listed on the Dubai Financial Market and Nasdaq Dubai. The profits were distributed through bank transfers and an iVESTOR card.
The total sums transferred and the number of investors entitled to them represent the dividends distributed by the listed companies, in addition to the cash acquisition offer payments made by DP World to its shareholders.
The CEO of Dubai Depository Company, Maryam Fikry, said: “The company relies on a group of pioneering financial technology solutions (Fintech), which allow us to complete the process of distributing cash dividends to investors effectively and smoothly. These solutions are being continuously developed by the Dubai Financial Market to enhance its successes during the last decade in the field of profit distribution, as the market has made a quantum leap in the methods of providing money market services in general and cash dividend distribution services in particular since 2011. ”
She added: “In this context, Dubai Depository is currently relying on an advanced electronic profit distribution system, based on an integrated and updated database that clarifies the new distributions to each investor, the distributions not received, and the previously received distributions, which contributes to the speedy completion of the profit distribution process to hundreds of Thousands of investors within a short period, as soon as they were received from the listed companies ».