Abu Dhabi: The Securities and Commodities Authority (SCA) is urging investors to collect their dividends through First Abu Dhabi Bank (FAB), the appointed paying agent for handling the process. This initiative is part of ongoing efforts to protect shareholder rights in companies listed on UAE stock exchanges and ensure they claim any outstanding entitlements dating back to before March 2015.

According to Emirates News Agency, shareholders can submit their claims using the ‘Investment Banking – Unclaimed Dividends’ service available on FAB’s website, www.bankfab.com. Once all required documents and information are provided, the bank will review the request and transfer dividends to the shareholder’s account within 10 business days.

Shareholders must provide specific documents for the service, including a copy of the Emirates ID card for UAE nationals and residents, a copy of the passport for non-UAE nationals, a bank certificate specifying the account number and IBAN, and share certificates or other document
s evidencing share ownership, if available.

The SCA also clarified that shareholders can submit complaints and comments via email. The bank is expected to review and address these complaints within 10 business days. If unresolved, shareholders may file the same complaint with the SCA at [email protected], attaching documents related to the original complaint submitted to FAB.

The SCA remains committed to streamlining the dividend collection process in line with shareholder expectations and the government’s vision to deliver world-class services.