The Securities and Commodities Authority (SCA) has processed 12,000 requests, disbursing more than Dh115 million in unclaimed dividends and dormant balances to shareholders of public companies.
Mohamed Ali Al Shorafa Al Hammadi, Chairman of SCA, told Emirates News Agency (WAM) that the authority has made significant progress in disbursing unclaimed dividends and dormant balances since launching these services in February this year.
“This effort reflects its commitment to providing proactive, high-quality services to the public, in line with the aspirations of the UAE leadership,” he told the agency.
One of the key focuses is on dividends unclaimed before March 2015, encouraging investors to claim their funds through effective communication and public awareness. This initiative aims to remind investors of the importance of claiming their dues and staying updated on their financial market investments.
The SCA has recently unveiled an electronic service in collaboration with First Abu Dhabi Bank to offer a flexible and seamless experience for investors. This development aligns with SCA’s vision to enhance customer satisfaction and service efficiency within the UAE’s investment landscape.
