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UAB net profit up by 50% for H1

Total assets increase by 11 percent.

TSMC Q2 profit up 60%

TSMC is the world's largest contract maker of chips.

ADNOC shifts OMV stake to XRG

XRG is ADNOC's wholly-owned international investment company.

SIB H1 net profit $189m

The bank's total assets increased by $1.49 billion.

TSMC’s H1 revenue up 40 percent

Robust demand for AI technology behind the surge.

UAE listed firms to pay $9.36 bn cash dividend for 2021

This year, Abu Dhabi stands at the forefront of the Middle East's IPO market, with the world's largest listing.
By TRENDS Desk
June 23, 2022 4:45 pm
  • While AED34 billion earnings were distributed in cash, AED396 million were in form of stock dividends.
  • Banks are the largest distributors of profits, AED15.79 billion, followed by the telecommunications (AED11.7 billion) and the realty sectors (AED1.85 billion).

Listed public joint stock companies have approved AED 34.4 billion ($9.36 billion) cash dividends for 2021, according to the Securities and Commodities Authority (SCA)’s Annual Report 2021.

The figures released indicated that up to AED34 billion earnings were distributed in cash while AED396 million were in form of stock dividends.

Banks are the largest distributors of profits, AED15.79 billion, followed by the telecommunications (AED11.7 billion) and the realty sectors (AED1.85 billion).

Banks also came first in distribution of stock dividends, followed by the services sector, and then the insurance companies with AED316 million, AED61 million and AED10 million respectively.

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