Dividend Distribution & Timeline

Key Milestones

DateTask
22/02/2023AGM
02/03/2023Last Entitlement Date
03/03/2023EX-dividend date
06/03/2023Registry Closing Date
06/03/2023Dubai CSD to send sharebook to Company for approval
08/03/2023Mashreq to send sharebook confirmation
16/03/2023Mashreq to ensure that Dubai CSD receives cleared funds in Dubai CSD bank account with ENBD by 3.00pm UAE time
17/03/2023Dividend Payment Date
This is the date which DFM will issue instructions for crediting:
a. iVestor Cards
b. Bank Accounts
c. My Account
Note: Dividends paid through the DFM myACCOUNT service can be accessed and managed by shareholders via the DFM eServices portal: https://esrv.dfm.ae/.

Modes of Payment

A. NINS with payment method: Dividends are deposited to INVESTOR or bank account.
B. NINS without payment method: Dividends will be paid to MyAccount of the investor, once shareholder updates payment method, dividends shall be deposited to the updates payment method.
C. Deceased NINS: Dividends will not be paid, once heirs of deceased shareholder updates payment method, dividends shall be deposited to the updated payment method. 
 
AED Accounts with Emirates NBD & Emirates Islamic Bank – No min amount applicable (All dividends will be transferred to the bank account & No bank charges will be levied.
AED Accounts with banks other Emirates NBD & Emirates Islamic Bank – Dividends of AED 4 and below will be paid to MyAccount instead of bank account. Bank charges shall be borne by the Investor.
Non AED Accounts (Held in or outside UAE) – Dividends of AED 500 and below will be paid to MyAccount instead of bank account. Bank transfer charges &/or Foreign exchange conversion rates shall be borne by the Investor.
 
Dividends shall be paid to valid iVestor cards

"Actual credit of shareholder's bank account may take a minimum of 2 working days in accordance with UAE inter-bank transfer cutoff times According to SCA regulations, Dividends for the year 2015 onwards will be paid to the bank's shareholders through the Dubai Financial Markets's(DFM). Therefore, the shareholders are requested to update their contact details and address at DFM, and choose the method they wish to receive the DIVIDEND(iVESTOR / card Bank account earliest and before the distribution of the Dividend."

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