Abu Dhabi – Mubasher: The Abu Dhabi Securities Exchange (ADX) has seen the distribution of more than AED 25 billion ($6.8 billion) in cash dividends to 572,774 eligible investors on behalf of its listed companies since the year beginning, which represented a 6.95% year-on-year increase, according to the Emirates News Agency (WAM). 

The growth in dividends distributed by the ADX reflects the attractiveness of the investment environment in the UAE, acting CEO of ADX, Khalifa Salem Al Mansouri, said.  

"The increase in the size of cash dividends is a clear sign of how well ADX listed companies are performing,” Al Mansouri, added.

The banking sector led the ADX’s sectors in terms of cash dividend distribution, accounting for 52% of total dividends in the market, followed by the telecom and energy sectors.

“Net foreign investment on ADX reached AED 3 billion since the beginning of the year and until the end of August of this year in comparison to AED 1.3 billion to the same period in 2018 which is an increase of 117%,” WAM reported.