"Money bills" It launches a service to inquire about unreceived profits through its website
Abu Dhabi, 7 May / WAM / Today, the Securities and Commodities Authority launched a new service on its website that allows shareholders to verify the presence of their names among those entitled to the profits not received for that period, in an easy and simple way, in the context of the Authority’s keenness for shareholders to receive their profits in joint-stock companies. Listed domestic public, which has not been received for a period prior to March 2015.
By launching this service, the Authority aims to reach eligible shareholders, urging them to submit requests for dividend disbursement through the payment agent appointed by the Authority, “First Abu Dhabi Bank – FAB”, by providing initial information indicating whether or not there are unreceived dividends belonging to the shareholder, which This qualifies him to submit a request to disburse those profits quickly and with high efficiency.
Her Excellency Dr. Maryam Al Suwaidi, CEO, stressed that the Authority is keen to harness all its capabilities and resources to provide qualitative and proactive services to the public, and with regard to the file of unclaimed profits; The Authority is making every effort to reach the shareholders who are entitled to the dividends.
She said, “For this purpose, the Authority launched a service to inquire about the names of those entitled to unclaimed profits for the period before March 2015. “It is one of the most important pioneering steps through which the Authority seeks to bring about a qualitative shift in the level of shareholders’ interest in submitting requests for dividend disbursement, and informing them of the procedures they must follow to obtain their entitlements.”
She added that the Authority, in cooperation with its strategic partners, made unremitting efforts to reach eligible shareholders to educate them and urge them to claim their unclaimed profits prior to March 2015, noting that the Authority places at the top of its priorities providing pioneering services to shareholders that meet their expectations, and meet the standards and aspirations of our wise government.
She explained that shareholders can, through the “inquiry service,” verify the existence of dividends that have not been received for a period prior to March 2015, by entering their name in the designated field and activating the search feature so that the system can perform matching operations with the lists of names of shareholders entitled to dividends available to the Authority.
The Authority indicated that the shareholder whose name appears in the search results can submit a request to disburse dividends to the payment agent appointed by the Authority, “First Abu Dhabi Bank – FAB,” so that the bank, in turn, will study the request and transfer the profits to the shareholder within 5 working days of submitting the required documents, after ensuring that His actual entitlement to those profits, in accordance with the procedures and requirements specified by the Authority.
The Authority calls on shareholders to use the verification service to confirm the presence of unreceived dividends belonging to them. It also confirms that the results of the search will only show whether or not shareholders have dividends that were not received before March 2015, without any detailed information or other additional data.
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