44 UAE listed firms to pay Dh32.5bn in dividends

By DG Staff

ABU DHABI 10 March 2020: Dh32.5 billion in cash dividends for 2019 have been proposed to date by 44 companies listed in the UAE capital markets, according to data released by these firms.

The combined dividends announced account for 78 percent of those paid out by listed companies in 2018, which stood at Dh47.7 bn, according to the figures announced by the Securities and Commodities Authority.

Banks are the largest distributors of profits, with 8 Emirati banks reported to disburse up to Dh18.88 bn to their stockholders, against Dh17.4 bn last year, which comprises 58.8 percent of the total dividends combined, said Wam.

The telecommunications sector came second with Dh7.44 bn in dividends for 2019, accounting for 28.9 of the total.