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Abu Dhabi / WAM
The 2017 cash dividends paid out by 62 companies listed on the Abu Dhabi and Dubai bourses amounted to AED33.161 billion, according to latest official figures.
The banking sector continued to have the lion’s share of cash distributions, after 13 out of 18 listed banks pad out around AED18 billion in cash, accounting for 54.3% of the total payout.
Eight ADX-listed banks paid to the tune of AED11.9 billion while five DFM-listed banks distribu-ted dividends of around AED6.1 billion to their shareholders.
The telecommunications sector came second with a total cash of AED8.54 billion followed by realty sector whose dividends hit AED2.57 billion. Finance and investment sector paid AED1.55 billion, AED781 million by transport and logistics sector, AED577 million by insurance sector, AED 421 million by the building material sector, and AED291 million by the contracts sector.