Business

SIB profit up 9%

Higher income from financing and investment drive growth.

Masar signs $82m land deal

Agreements signed with Abdulmohsin Al Rossais & Sons Group.

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

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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