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Abu Dhabi / EMIRATES BUSINESS
Abu Dhabi Securities Exchange (ADX) announced on Sunday that it has distributed the first cash dividends on behalf of one of its listed companies through distributing the dividends of the shareholders of the Union National Bank (UNB) on the Bank’s behalf. Thus, the Union National Bank became the first listed company in the United Arab Emirates to distribute the cash dividends through Abu Dhabi
Securities Exchange.
ADX distributed approximately AED550 million to the shareholders of UNB, which is the value of the cash dividends that the Bank’s General Assembly has approved. The total number of shareholders in the Bank is 1058, 450 of which are UAE Investors, and 608 International Investors.