The first Abu Dhabi Bank share topped the list of the most active stocks on the Abu Dhabi Stock Exchange, with the stock achieving deals worth AED 4.5 billion since the beginning of 2020.
According to the Emirates News Agency, the large flow of liquidity on the shares of the First Abu Dhabi Bank came in conjunction with the increase in the frequency of foreign investment in the bank, as the percentage of foreign ownership in all of their categories reached since the beginning of the year The current about 16.57% equals approximately 1.81 billion shares of the total capital of 10.92 billion shares.
Abu Dhabi Bank is classified as the largest bank not only in the UAE, but also in the Gulf and Middle East region, with an asset value of 835 billion dirhams at the end of the first quarter of 2020. < / p>
In detail, the follow-up of the movement of activity on the shares of First Abu Dhabi Bank since the beginning of this year showed that it acquired about 22.8% of the total trading value in the Abu Dhabi Securities Market, which amounted to 19.8 One billion dirhams on the date of June 25.
According to data for the same follow-up, the bank’s stock has become one of the most attractive stocks for foreign investment, which is evident through the numbers documented by the Abu Dhabi Stock Exchange, where the percentage of foreign ownership Non-Arabs in the bank’s shares are 14.78%, compared to a rate that does not exceed 9% in 2017.
On the level of Arab ownership in the bank during the same monitoring period, it amounted to 0.39% ... while for the Gulf investors it reached 1.39%.
It is expected that the bank’s shares will attract more foreign investments during the coming period, especially in light of the attractive price at which it is currently trading, in addition to the lucrative returns for investment in the bank in the term. Average overall.
It is worth noting that the value of the cash dividends distributed by First Abu Dhabi Bank to shareholders for the year 2019 amounted to 8.06 billion dirhams, or 74% of the capital, which is from The highest returns distributed in the UAE and the Arabian Gulf region.
