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ADX distributes over AED 25 billion in cash dividends to investors

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Sunday 15, September 2019 BY Kuda Muzoriwa

The banking sector topped the list of the most active sectors in Abu Dhabi Securities Exchange (ADX) with regards to cash dividend distribution with 52 per cent of the total value of around AED13.1 billion.

The Abu Dhabi Securities Exchange said that it has distributed over AED 25 billion in cash dividends to 572,774 eligible investors on behalf of its listed companies, a 6.95 per cent increase compared to the 2018.

Khalifa Salem Al Mansouri, the acting Chief Executive of ADX, said, “The increase in the size of cash dividends shows the attractiveness of our investment environment which is served by a supportive and efficient dual economic and legislative structure in the UAE.”

The exchange said that 398,220 UAE investors received their profits compared to 155,589 investors from other GCC nations and 18,965 foreign investors.

Net foreign investment on ADX reached AED 3 billion between January and August 2019 in comparison to AED 1.3 billion the same period in 2018, a 117 per cent increase.

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