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Luberef net profit falls 7% in Q1

A fall in by-products sales leads to profit dip.

SABIC net loss $322 million

The company's net profit was $66m in Q1 2024

PureHealth posts $137m Q1 net profit

The Group's revenue increased 8 percent YoY.

Borouge Q1 net profit $281 million

The total dividend paid to shareholders in 2024 $1.3bn.

Emirates expects first 777X delivery in H2 2026

Boeing had pushed back the first delivery to 2026 from 2025.

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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