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Abu Dhabi / WAM
A total of 113 listed public joint stock companies distributed AED32 billion in dividends for 2018, according to data released by the Abu Dhabi Securities Exchange and Dubai Financial Market.
The largest across the GCC and Mena region, the increased dividends reflect the growth in foreign capital invested in key listed Emirati companies.
In further detail, 18 UAE banks distributed AED18.7 billion, a growth of 12.2 percent from AED16.66 billion for 2017, accounting for 53.7 percent of the total dividends announced by the companies listed in the country’s two main bourses for 2018.
UAE banks secured profits of AED42 billion.