Media ININ Economy We Trust
Abu Dhabi 14-09-2019
Abu Dhabi Securities Exchange (ADX) today announced that it has distributed more than AED 25 billion in cash dividends to 572,774 eligible investors on behalf of the companies listed on the market for 2018 profits, an increase of 6.95% compared to 2018 dividends of AED 23.4 billion. .
The number of UAE investors who received the distributions amounted to 398,220 investors, compared to 155,589 investors from GCC countries and 18,965 to investors of other nationalities, while cash dividends were distributed to 7,442 institutions.
His Excellency Khalifa Salem Al Mansouri, Acting Chief Executive Officer of Abu Dhabi Securities Exchange, said: “ADX is committed to applying the best practices and standards adopted globally, in order to ensure that investors and shareholders of listed companies get the highest returns through cash dividends, which is considered 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 is a testament to 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, especially the Emirate of Abu Dhabi. Through its role in providing liquidity within the markets, the dividends contribute effectively to enhance investor confidence in the operating performance of these companies.
The Abu Dhabi Securities Exchange (ADX) has signed a partnership agreement with First Abu Dhabi Bank to distribute dividends to registered investors electronically in a transparent and easy way through the bank’s digital wallet “payit”. The innovative system enables users to manage their payments across a single digital platform in a flexible and practical way.
In detail, the banking sector topped the list of the most listed sectors in the Abu Dhabi Securities Market (ADX) with 52% of the total value of 13.1 billion dirhams, followed by the telecom sector with 28% of the distributions with a total value of 7.1 billion dirhams, and then the energy sector by about 9 The insurance sector came second with a value of AED 1.41 billion, followed by the services sector with 2% with a total value of AED 420 million and the industrial sector with 1%. This was followed by the investment sector Financial services by 0.6% with a total value of about AED 160 million, while private companies came eighth by 0.6% with a total value of about AED 150 million, followed by the consumer goods sector by 0.4% with a total value of about AED 110 million, and finally the real estate sector by 0.4%. With a value of about AED 100 million.
Abu Dhabi Securities Exchange (ADX) witnessed an increase in both institutional and foreign investment since the beginning of the year and until the end of August with this year.
Net institutional investment increased by 93% to AED 2.6 billion, compared to AED 1.4 billion in the same period in 2018.
Net foreign investment on the market reached AED 3 billion (AED 1.3 billion) since the beginning of the year, as compared to the same period last year, an increase of 117%.
Since the beginning of the year and until the end of August of this year, 333 investment institutions, including 267 foreign institutions, or 80% of the institutions that entered the market during the period in addition to the 25 largest investment institutions in the world in terms of assets managed by the market And actively trade.
