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FINANCIAL NEWS
Listed firms in UAE give USD8.8bn in dividend, bonus
19 Sep 2017
(MENAFN) Cash dividends and bonus shares reached USD8.8bn, which were distributed by 79 firms listed at Abu Dhabi Securities Exchange.
Moreover, distribution of such huge gains goes in line with the listed firms’ dedication to give investors a trading advantage and positive returns on their equities.
Accordingly, 70 firms distributed cash dividends at Dh30.64b, while four companies granted bonus shares worth Dh730.5mn.
Additionally, the banking sector comes on top in terms of the value of dividends, reaching Dh17bn, and accounting for 54 percent of total distributions.
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MENAFN1909201700450000ID1095875020
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