The banking sector accounts for the bulk of the proposed distributions to shareholders  By 57.5%

Media In – Abu Dhabi February 19, 2018
The total value of dividends proposed to shareholders for the year 2017 rose to about 31 billion dirhams, according to the latest disclosures on February 18.
However, the value of the proposed distributions will remain subject to approval by the General Assemblies of the companies due to begin their meetings during the last third of this month.
It is expected that a large part of these distributions will be re-injected into the financial markets again, where stock prices are attractive for investment according to the opinion of experts in the sector
As usual, the banking sector dominated most of the proposed distributions, which amounted to AED 17.8 billion, representing 57.5% of the total value of dividends announced.
The dividends proposed by the banks for the year 2017 grew by 4.7% compared to 17 billion dirhams, which is the total value of dividends distributed for the year 2016.
The number of banks listed on the Abu Dhabi Securities Exchange (ADX), which proposed a dividend of 8 banks and 11.8 billion dirhams on shareholders’ dividends for the year 2017, came from a total of 12 banks traded on the market.
In terms of the eight banks listed on the Dubai Financial Market, four of them announced their proposal to distribute about 6 billion dirhams