The Securities and Commodities Authority (SCA) is urging investors to claim any outstanding dividends through First Abu Dhabi Bank (FAB), appointed as the official paying agent for this process.
This initiative is part of the SCA's ongoing efforts to safeguard shareholder rights and ensure investors can access dividends dating back to before March 2015.
Shareholders can easily submit claims through FAB’s online “Investment Banking - Unclaimed Dividends” service on the website. Once all required documents are provided, FAB will process and transfer the dividends to the shareholder’s account within 10 business days.
To apply, shareholders need to provide specific documents: a copy of their Emirates ID (for UAE nationals and residents), a passport copy (for non-UAE nationals), a bank certificate showing the account number and IBAN, and share certificates or any other proof of ownership, such as invitations to general assemblies.
In addition, shareholders with complaints or concerns can reach out to FAB via email. The bank is committed to resolving these within 10 business days. If unresolved, investors may escalate the matter to the SCA at sca_dc@sca.ae, along with the original complaint documents.
The SCA reaffirms its dedication to streamlining the dividend collection process, ensuring it aligns with both shareholder expectations and the UAE government’s vision of delivering world-class services.
News Source: Emirates News Agency
