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Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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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