ADX says distributed cash dividends on behalf of UNB

Dubai: Abu Dhabi Securities Exchange (ADX) said on Sunday it has distributed cash dividends on behalf of Union National Bank, a listed company.

This makes UNB the first company in the UAE to have its cash dividends distributed through ADX, the bourse said in an emailed statement.

ADX distributed around Dh550 million to shareholders, the cash dividend value which was earlier approved by the bank’s general assembly. UNB currently has 1,058 shareholders, 450 from the UAE and 608 foreigners.