The UAE’s Securities and Commodities Authority (SCA), in partnership with First Abu Dhabi Bank (FAB), has introduced a new e-service to facilitate the payback of unclaimed dividends from before March 2015 for shareholders of local public joint stock companies.
This initiative aims to streamline the process for shareholders, offering diversified service channels that align with the government’s goal to enhance the quality of services and meet public expectations.
Through this service, shareholders can submit and track their payback requests via the FAB website. Once all necessary documents are submitted, FAB will process the request and transfer dividends within ten business days.
SCA has reiterated its commitment to simplifying access for investors seeking their unclaimed dividends dating back to before March 2015.
