Special Report - (Namazone):

UAE capital markets are awaiting approval of dividends by corporate shareholders, during the coming period, especially banks and big companies, some of which announced billion dividends.

According to the data available on the website (Namazon), 31 companies listed in the UAE markets announced the distribution of cash dividends during 2019, with 20 companies in the Abu Dhabi market and 11 companies in the Dubai market. < / p>

The total cash profits of 32 companies listed in the two markets amounted to about 31.3 billion dirhams, Abu Dhabi accounted for about 73.7% of them, about 23 billion dirhams, compared to 8.2 billion dirhams for the Dubai Market Company.

billion distributions

<8 style = "direction: rtl; text-align: right;"> 8 major banks and companies announced cash dividends in excess of one billion dirhams, led by the first Abu Dhabi Bank listed on the Abu Dhabi Financial Market, which has the highest cash dividends in both markets.

The Board of Directors of First Abu Dhabi Bank recommended distributing 8.08 billion dirhams in cash dividends for the year 2019, at 0.74 dirhams per share.

The bank's profits increased in 2019 to about 12.5 billion dirhams, compared to about 12 billion dirhams the bank's profits in 2018, an increase of about 4%.

>

Emirates Telecommunications came second in terms of the highest distributions during 2019, where the Etisalat Board of Directors recommended distributing cash dividends to shareholders, amounting to 6.96 billion dirhams, by 0.80 dirhams per share.

Etisalat Group's profits increased by 1% in 2019 to 8.69 billion dirhams, compared to 8.61 billion dirhams in 2018.

Abu Dhabi Commercial Bank was ranked third in terms of the highest value of cash dividends, in 2019, by about 2.64 billion dirhams, followed by ADNOC Distribution, with distributions amounting to 2.39 billion dirhams .

The Emirates NBD Board of Directors recently announced the recommendation of the Board of Directors to distribute cash dividends to the shareholders of the bank for the year 2019, by 0.4 dirhams per share, with a value of up to About 2.5 billion dirhams, which came fourth in the list of the highest distributions.

The bank’s profits increased by 44.4% during 2019 to 14.5 billion dirhams, compared to about 10 billion dirhams, net profits for the bank in 2018.

more than 100 million dirhams

12 companies in the Emirates market announced more than 1 cash dividend ...