AED12.6 billion in cash dividends distributed by DFM

DUBAI — Using iVESTOR cards and direct bank transfers to investor accounts, Dubai Financial Market has distributed AED12.6 billion in cash dividends for 2016 to 331,000 investors, bringing to 35 the number of companies whose dividends have been distributed by the market on their behalves for the sixth year running, against 26 firms last year.

Essa Kazim, Chairman of DFM, said Monday that the Market has been providing the service since 2011 as part of its strategy to ensure availability of smart, efficient solutions to its traders.

The service is enjoying growing turnout by virtue of its simplicity and efficiency comparatively with the time-consuming and onerous practices used to be followed before, he added.

DFM has invested a lot over the past period to ensure best utilisation of resources in order to provide efficient and integrated services that cater to the needs of different segments of investors with the ultimate goal of ensuring customer satisfaction, he added.

Source: Emirates News Agency