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MediaIn – Abu Dhabi 12 February 2018 WAM
The proposed dividend for the banking sector for the year 2017 was AED 17.8 billion, an increase of 4.7% compared to AED 17 billion, which was the dividend distributed to the shareholders for the year 2016.
The continued increase in the value of distributions to the banking sector reflects its continued policy of providing attractive returns to shareholders and investors in its listed shares in the capital markets, according to many experts in the sector.
UAE companies continue to be the top companies distributing dividends to shareholders not only in the Gulf region but also in the Middle East in general.
Distribution monitoring shows that 8 banks on the Abu Dhabi Securities Exchange (ADX) have proposed a dividend of 11.8 billion Dirhams to shareholders in 2017 out of a total of 12 listed banks.
As a result, the banks listed on the Abu Dhabi Securities Market (ADX) accounted for 66% of the total dividends proposed by the banks.
On the other hand, the value of the dividends proposed by 4 banks traded on the Dubai Financial Market reached about 6 billion Dirhams out of a total of 8 listed banks. The number of banks that will announce their distributions is expected to increase during the coming days as of October of the same year.
