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13/03/2018 06:08 AST
The Dubai Financial Market (DFM) said it has launched an innovative Dividend Distribution System (DDS) as part of its strategy to provide market participants with smart and efficient solutions.
The new system enables the DFM to distribute the dividends to investors' bank account or iVESTOR card account without any human intervention.
The DFM has successfully managed the dividend distribution relating to the financial year 2016, distributing a total of Dh13.3 billion to 429,000 investors. This brought up the number of listed companies utilising DFM's dividends distribution service to 35 companies in 2017. The launch of the new system underlines DFM's readiness for the dividend distribution of financial year 2017, expected to commence within the next few weeks.
Gulf News
03/04/2018
The Dubai Financial Market (DFM) said on Monday that EFG Hermes Brokerage has become the first member to provide the Allocation Account Service to its client base.
The allocation account en
Gulf News
29/03/2018
The shareholders of Dubai Financial Market Company (PJSC) have approved the Balance Sheet and Income Statement for the financial year ending 31 December 2017, during the Annual General Meeting held o
Press Release
01/02/2018
Dubai Financial Market company said its net profit for 2017 fell 8 per cent along with total revenues, even as the board proposed a cash dividend of 5 per cent.
Net profit for the 12 month
Gulf News
| Ticker | Price | Change |
|---|---|---|
| IHC | 401.50 | 0.00 (0.00 |
| FAB | 14.48 | -0.06 (-0.42 |
| EMIRATESNBD | 20.80 | 0.15 (0.72 |
| ADCB | 11.86 | 0.16 (1.36 |
| ADIB | 16.12 | 0.06 (0.37 |
14/09/2024
RIYADH: Saudi master developer Emaar The Economic City's SR8.7 billion ($2.32 billion) capital optimization plan is a "strategic response" to its current financial challenges, according to its CEO. <
Saudi Gazette
12/09/2024
Saudi wheat flour producer Arabian Mills for Food Products Co. has set its final initial public offering price at SR66 ($17.59) per share on the Tadawul main market. During the book-building proces
Arab News
04/05/2018
SABIC announced the successful completion of the pilot operation of the Methyl Methacrylate Monomer (MMA) and Poly Methyl Methacrylate (PMMA) plants and the commencement of commercial operations.
Saudi Gazette
05/04/2018
Standard & Poor's (S&P) has affirmed QIB's Issuer Credit Rating at A-, Qatar's leading Islamic bank has said in a release. According to S&P, the major contributing factors strengthening QIB's rating
Gulf Times
05/04/2018
Qatar National Bank (QNB) aims to increase its profit by 5-8 percent this year and loans and investments by 10-12 percent, helped by expansion into faster-growing Southeast Asia markets, its CEO told
The Peninsula
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