Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) obliged listed companies to deposit the value of approved cash dividends to the market’s bank account, according to a statement.

The deposit should take place within five working days from the board or shareholders’ approval date.

The market will transfer these dividends to the shareholders' accounts within 30 working days from the board or shareholders’ approval date.

A total of 43 out of 66 listed local and foreign companies on the ADX announced the cash dividend payout .

The 43 companies’ cash dividends amounted to AED 22.74 billion in 2016, up 9% from AED 20.8 billion in 2015.