Abu Dhabi – Mubasher: Dubai- and Abu Dhabi-listed companies whose shareholders approved the distribution of dividends for 2017 have increased to 74 until 9 April 2018.
The total approved dividends to be paid by these companies have reached $10.16 billion (AED 37.3 billion), according to a survey conducted by Mubasher based on official statements.
The insurance sector topped its peers in terms of the number of companies approved dividends,19 firms, followed by the banks sector.
In terms of the value of dividends, the banks sector led the Emirati markets, with total dividends of $4.9 billion (AED 18 billion), Mubasher’s data showed.
The telecommunication and real estate sectors ranked second and third, with total dividends of $2.33 billion (AED 8.543 billion) and $980 million (AED 3.6 billion), respectively.
