Khalifa Al Mansouri, CEO of Abu Dhabi Securities Market, announced that the management of the market intends to launch a new set of financial products.
According to ArabiaNet, these products include ETFs and real estate investment funds, through an advanced and innovative digital platform with higher levels of transparency.
Al-Mansouri revealed the launch of a company an investment fund to invest in shares of local companies that comply with Islamic law during the next month, stressing that the new fund will give individual investors an opportunity to invest in documents Investment funds, expressing confidence that the Abu Dhabi market will be the optimal financial market, supporting Abu Dhabi's strategic plans to shift towards a diversified and sustainable economy, according to Al-Ittihad.
Al Mansouri emphasized that the Abu Dhabi Securities Exchange came at the forefront of global stock exchanges, in terms of the percentage of dividends distributed to shareholders, noting that the value of the cash dividends for listed companies increased by 11%, amounting to about 22.5 billion dirhams, during the first half of the year, compared to 20.3 billion dirhams in the same period in 2019.
He explained that the return on cash dividends amounted to about 5.3% based on the market value of the companies that approved cash dividends to eligible shareholders during the first half of the year compared to 4% in the same period. From last year, a ratio that compares very positively with those in the financial markets, confirming that the increase in dividends confirms that the companies listed in the Abu Dhabi market are characterized by high profitability and the achievement of motivating profits for investors over the past years.
(Fun Knowledge of Knowledge)
