Abu Dhabi Securities Exchange (ADX) has distributed around 22.1 billion Dirhams of cash dividend to investors during the first half of 2016 on behalf of its listed companies.
ADX Chief Executive, Rashed Al Blooshi, said that:
the distributed cash dividends were sent via direct bank transfers to the accounts of investors whom have updated their bank account details with ADX or through bank cheques. This comes in accordance with Securities & Commodities Authority (SCA) decision in 2015, whereby companies listed at financial markets have to transfer cash dividends to their shareholders through the financial market bank account.
The total amount of cash dividend declared by ADX listed companies for the fiscal year 2016 reached around 22,177 billion Dirhams for more than 200 thousand investors where 16,400 billion dirhams were distributed via direct bank transfers to investor’s accounts, and 5,777 billion dirhams distributed through bank cheques.
ADX Chief Executive added:
We would like to urge investors to update their contact details and their bank account information, including the International Bank Account Number (IBAN) so that they can receive their cash dividends promptly. ADX has provided multiple and easy channels to accomplish this, whether through the e-services provided to investors on the Exchange’s website or through ADX’s call center with the toll free number 800239, or through the investor’s broker.