Media ININ Economy We Trust
Media In – Abu Dhabi 11 August 2018 / WAM
Abu Dhabi Securities Exchange (ADX) has announced a cash dividend of more than AED 23.4 billion for 406,000 eligible investors on behalf of listed companies in 2018. The Abu Dhabi market offers one of the world’s largest cash dividend rates of 5.8%, surpassing its peers in the region and the world, enhancing the market’s position as a preferred investment destination. The market witnessed a rise in net institutional investment during the first half of 2018 by 4.5% to reach AED 947 million compared to AED 908 million for the same period of 2017. The number of investment institutions that entered the market during the first half of this year amounted to 271 compared to 256 in the same period of 2017, an increase of about 6%, bringing the number of investment institutions in the market up to the first half more than 7900 investment institutions, including about 5900 foreign institutions And nearly 2,000 local institutions. Rashed Al Baloushi, Chief Executive Officer of Abu Dhabi Securities Exchange (ADX), affirmed the market’s commitment to applying internationally recognized best practices and standards by ensuring that investors and shareholders in the listed companies receive cash dividends, supporting the market as one of the most important financial markets to provide a stable trading environment. Offering significant investment opportunities to foreign investors and citizens alike. Al Baloushi pointed out that these cash dividends underscore the strong performance of Abu Dhabi listed companies and the safe and attractive investment environment provided by the market as well as the stable economic and legislative structure in the Emirate of Abu Dhabi and the UAE in general.
