PJSC dividends top AED 34 billion in 2021

WAM

Dividends of AED 34.4 billion were approved by the listed public joint stock companies in the UAE, according to the Securities and Commodities Authority (SCA)'s Annual Report 2021.

The figures released indicated that up to AED 34 billion earnings were distributed in cash while AED 396 million were in form of stock dividends.

Banks were the largest distributors of profits, at AED 15.79 billion, followed by the telecommunications sector at AED 11.7 billion and the realty sectors at AED 1.85 billion.

Banks also came first in the distribution of stock dividends, followed by the services sector, and then insurance companies with AED 316 million, AED 61 million and AED 10 million respectively.

More from Business

Coming Up on Dubai Eye

  • Afternoons with Helen Farmer

    2:00pm - 5:00pm

    Every weekday afternoon, Helen Farmer will help you to navigate the highs and lows of life in the UAE. Stay up to date with what’s happening and where to go.

  • Off Script with Chris, Robbie & Sonal

    5:00pm - 7:00pm

    The UAE’s alternative take on news, entertainment and sport. Join Chris, Robbie and Sonal as they cut through the clutter to bring you the news, entertainment and sport stories that actually matter.

BUSINESS BREAKFAST LATEST

On Dubai Eye

  • Flying Taxis

    It sounds like an episode of The Jetsons, but the sight of flying taxis whizzing around our cities could be much closer than you think.

  • Tough penalties for deliberate tax evasion

    The UAE has said that tougher penalties will come into force from 1st August for not keeping proper corporate tax records.