DFM distributes AED12.6bn cash dividends to investors

DUBAI / WAM

Dubai Financial Market (DFM) for the fifth consecutive year and as part of its leading investor and issuer services, has successfully accomplished its cash dividend distribution for the financial year 2016, with as much as AED12.6 billion been disseminated to 331,000 investors.
The number of listed companies that have outsourc-
ed the dividend distribution process to DFM increased from 26 companies during the previous year to 35 companies this year.
Investors received their dividends via iVESTOR Card as well as bank transfer.
Commenting on the occasion, Essa Kazim, Chairman
of DFM, said, “As part of its strategy to provide various market participants with smart and efficient solutions, DFM has been providing its cash dividend distribution service since 2011 in a leading step amongst stock markets in the region.
This service is gaining momentum yearly with listed companies recognising its value as an efficient and seamless solution that eliminated the lengthy process of cash dividend distribution in the past. DFM has extensively invested and earmarked necessary resources whether from a technical or human resources perspective in order to develop an all-inclusive service that incorporates various distribution channels in line with investors’ preference.
We have also mobilised a dedicated and speciali-
sed team in order to achieve the highest levels of satisfaction of investors, listed companies and other market participants.”