The value of the cash dividends for 56 public joint stock companies listed on the UAE financial markets amounted to about 37.3 billion dirhams as of the date of April 27.
According to the Emirates News Agency, the banking sector maintained the first position in the list of the most profitable sectors, with 11 banks distributing about 19.1 billion dirhams, constituting 51.2% of the total. Distributions announced so far.
The telecommunications sector ranked second in the list with distributions amounting to approximately 8.5 billion dirhams, which constitutes 22.8% of the total value of the dividends, as shown by the analysis of numbers. < / p>
The real estate sector followed with distributions of 3.3 billion dirhams, which constituted 8.8% of the total distributions, and the value of distributions to the consumption sector amounted to approximately 2.62 billion dirhams and 1 .08 billion dirhams for the transport and logistics sector, 768 million dirhams for the investment and financial services sector, while the insurance sector amounted to 723 million dirhams and 384 million dirhams for the energy sector, with the remainder distributed over other sectors.
It is noteworthy that the distributions of 5 banks listed in the Abu Dhabi and Dubai financial markets to shareholders for the year 2019 amounted to more than 12 billion dirhams, and the list included the first Abu Dhabi, Abu Dhabi Commercial, Emirates NBD, Dubai Islamic and Mashreq Bank, and the first Abu Dhabi Bank was the most distributing profits in the banking sector with distributions amounted to Its value is 8.08 billion dirhams for the year 2019.
The generous dividends for the bank came after its profits rose by 4%, to 12.59 billion dirhams during the year 2019, and ADCB came second in terms of the value of the dividends at a value of 2.64 billion Dirhams from last year.
Dubai Islamic Bank distributions amounted to 2.53 billion dirhams, approximately 2.527 billion dirhams to Emirates NBD and 710 million to Mashreq Bank.
