Signal · Geopolitical Risk

‎UAE-listed firms pay AED 30.40B dividends in H1

Argaam - UAE News Trade press Published 25th September 2026 UAE

What the source reported

Source-reported

‎<img src="https://argaamplus.s3.amazonaws.com/723c3df0-4f20-45bb-88e4-90422e3d9936.png" > Dubai Financial Market PJSC (DFM) trading floor <hr> An Argaam survey of UAE companies that approved cash dividend distributions for H1 2026 showed that 26 out of 138 locally listed companies on the Dubai and Abu Dhabi stock exchanges paid cash dividends, excluding foreign and private joint-stock companies. The value of cash dividends across UAE markets rose 28% to AED 30.40 billion in H1 2026, compared with AED 23.80 billion in the same period of 2025, as shown in the following table: <table align="center" border="1" cellpadding="0" cellspacing="0" dir="ltr" width="100%"> <tbody> <tr > <td colspan="6" > Semi-Annual Interim Dividends for DFM, ADX </td> <td > </td> </tr> <tr > <td > Period </td> <td > H1 2022 </td> <td > H1 2023 </td> <td > H1 2024 </td> <td > H1 2025 </td> <td colspan="2" > H1 2026 </td> </tr> <tr > <td > Dividends(AEDmln ) * </td> <td > 16,130.9 </td> <td > 17,006.7 </td> <td > 21,644.8 </td> <td > 23,795.1 </td> <td colspan="2" > 30,403.9 </td> </tr> <tr > <td > Number of companies that distributed cash dividends </td> <td > 15 </td> <td > 18 </td> <td > 18 </td> <td > 19 </td> <td colspan="2" > 26 </td> </tr> <tr > <td > Number of listed companies* </td> <td > 123 </td> <td > 129 </td> <td > 133 </td> <td > 138 </td> <td colspan="2" > 138 </td> </tr> </tbody> </table> <div class="ckeCaption" >*Excludes foreign and private joint-stock companies.</div> <div ></div> <div >A review of cash dividends for H1 2026 showed that the real estate sector on the Dubai Financial Market recorded the highest dividend yield among market sectors at 4.1%, followed by real estate investment trusts (REITs) at 3.5%, and consumer and utilities at 2.3% each.</div> <div > The Dubai Financial Market’s overall dividend yield stood at 2.9%, based on the closing prices on Sept. 24, 2026. On the Abu Dhabi market, the financials sector ranked first in terms of dividend yield at 5.9%, followed by consumer at 3.3%, while basic materials and technology recorded yields of 3.2% and 3.1%, respectively.</div> <div > The Abu Dhabi Securities Exchange’s overall dividend yield stood at 2.5%, based on the closing prices on Thursday, Sept. 24, 2026, as shown in the following table:</div> <div ></div> <div ></div> <table align="center" border="1" cellpadding="0" cellspacing="0" dir="ltr" width="100%"> <tbody> <tr > <td colspan="5" > H1 2026Dividend Yield by Sector </td> </tr> <tr > <td > Companies </td> <td > Total cash dividends (AED bln) </td> <td > Market capitalization (AED bln) </td> <td > Number of companies that distributed cash dividends </td> <td > Yield </td> </tr> <tr > <td colspan="5" > Dubai Financial Market* </td> </tr> <tr > <td > Real estate </td> <td > 4.84 </td> <td > 119.44 </td> <td > 2 </td> <td > 4.1% </td> </tr> <tr > <td > Listed real estate investment funds </td> <td > 0.60 </td> <td > 17.22 </td> <td > 2 </td> <td > 3.5% </td> </tr> <tr > <td > Consumer </td> <td > 0.74 </td> <td > 31.68 </td> <td > 2 </td> <td > 2.3% </td> </tr> <tr > <td > Utilities </td> <td > 3.68 </td> <td > 158.04 </td> <td > 3 </td> <td > 2.3% </td> </tr> <tr > <td > Telecoms </td> <td > 1.18 </td> <td > 54.21 </td> <td > 1 </td> <td > 2.2% </td> </tr> <tr > <td > Financial services </td> <td > 0.08 </td> <td > 3.78 </td> <td > 1 </td> <td > 2.0% </td> </tr> <tr > <td > Industry </td> <td > 0.10 </td> <td > 6.55 </td> <td > 1 </td> <td > 1.5% </td> </tr> <tr > <td > Total </td> <td > 11.21 </td> <td > 390.91 </td> <td > 12 </td> <td > 2.9% </td> </tr> <tr > <td colspan="5" > ADX* </td> </tr> <tr > <td > Financials </td> <td > 0.20 </td> <td > 3.42 </td> <td > 1 </td> <td > 5.9% </td> </tr> <tr > <td > Consumer </td> <td > 0.41 </td> <td > 12.38 </td> <td > 2 </td> <td > 3.3% </td> </tr> <tr > <td > Basic materials </td> <td > 2.96 </td> <td > 92.57 </td> <td > 2 </td> <td > 3.2% </td> </tr> <tr > <td > Technology </td> <td > 0.21 </td> <td > 6.90 </td> <td > 1 </td> <td > 3.1% </td> </tr> <tr > <td > Energy </td> <td > 10.12 </td> <td > 396.71 </td> <td > 3 </td> <td > 2.6% </td> </tr> <tr > <td > Telecoms </td> <td > 4.13 </td> <td > 188.89 </td> <td > 1 </td> <td > 2.2% </td> </tr> <tr > <td > Estimated consumer </td> <td > 0.43 </td> <td > 20.96 </td> <td > 2 </td> <td > 2.1% </td> </tr> <tr > <td > Industry </td> <td > 0.73 </td> <td > 55.63 </td> <td > 2 </td> <td > 1.3% </td> </tr> <tr > <td > Total </td> <td > 19.19 </td> <td > 777.46 </td> <td > 14 </td> <td > 2.5% </td> </tr> </tbody> </table> <div class="ckeCaption" >* Excluding foreign and private joint stock companies.</div> <div > ADNOC Gas ranked first in terms of total dividend value at AED 6.91 billion, followed by Emaar Properties with a one-off special dividend of AED 4.40 billion, and (e) with AED 4.13 billion. In terms of dividend yield, Investcorp Capital topped the list at 5.9%, followed by Emaar Properties at 4.3%. ADNH Catering and RAK Ceramics followed, each with a dividend yield of 4.2%, as shown in the following table: </div> <table align="center" border="1" cellpadding="0" cellspacing="0" dir="ltr" width="100%"> <tbody> <tr > <td colspan="6" > Companies with Cash Dividends on DFM, ADX for H1 2026 </td> </tr> <tr > <td > Company </td> <td > Market </td> <td > Total Cash Dividends (mln AED) </td> <td > Cash dividend per share (AED) </td> <td > Price(AED) 24 September 2026 </td> <td > Dividend Yield </td> </tr> <tr > <td > Investcorp Capital * </td> <td > ADX </td> <td > 201.6 </td> <td > 0.09 </td> <td > 1.56 </td> <td > 5.9% </td> </tr> <tr > <td > Emaar ** </td> <td > Dubai </td> <td > 4,400.0 </td> <td > 0.50 </td> <td > 11.68 </td> <td > 4.3% </td> </tr> <tr > <td > ADNH Catering </td> <td > Abu Dhabi </td> <td > 60.0 </td> <td > 0.03 </td> <td > 0.63 </td> <td > 4.2% </td> </tr> <tr > <td > RAK Ceramics </td> <td > Abu Dhabi </td> <td > 99.4 </td> <td > 0.10 </td> <td > 2.38 </td> <td > 4.2% </td> </tr> <tr > <td > Al Mal Capital REIT </td> <td > Dubai </td> <td > 28.0 </td> <td > 0.04 </td> <td > 1.01 </td> <td > 4.0% </td> </tr> <tr > <td > Agthia ) </td> <td > Abu Dhabi </td> <td > 98.0 </td> <td > 0.12 </td> <td > 3.29 </td> <td > 3.6% </td> </tr> <tr > <td > Dubai Residential REIT </td> <td > Dubai </td> <td > 573.2 </td> <td > 0.04 </td> <td > 1.27 </td> <td > 3.5% </td> </tr> <tr > <td > Borouge plc (BOROUGE) </td> <td > ADX </td> <td > 2,409.2 </td> <td > 0.08 </td> <td > 2.37 </td> <td > 3.4% </td> </tr> <tr > <td > Lulu Retail Holdings PLC (LULU) </td> <td > ADX </td> <td > 309.9 </td> <td > 0.03 </td> <td > 0.93 </td> <td > 3.2% </td> </tr> <tr > <td > Alef Education </td> <td > ADX </td> <td > 212.8 </td> <td > 0.03 </td> <td > 0.99 </td> <td > 3.1% </td> </tr> <tr > <td > Empower </td> <td > Dubai </td> <td > 437.5 </td> <td > 0.04 </td> <td > 1.58 </td> <td > 2.8% </td> </tr> <tr > <td > Spinneys </td> <td > Dubai </td> <td > 122.4 </td> <td > 0.03 </td> <td > 1.23 </td> <td > 2.8% </td> </tr> <tr > <td > TECOM Group </td> <td > Dubai </td> <td > 440.0 </td> <td > 0.09 </td> <td > 3.24 </td> <td > 2.7% </td> </tr> <tr > <td > ADNOC Gas PLC (ADNOCGAS) </td> <td > ADX </td> <td > 6,907.6 </td> <td > 0.09 </td> <td > 3.32 </td> <td > 2.7% </td> </tr> <tr > <td > Fertiglobe </td> <td > ADX </td> <td > 551.0 </td> <td > 0.07 </td> <td > 2.57 </td> <td > 2.6% </td> </tr> <tr > <td > ADNOC Distribution PJSC (ADNOCDIST) </td> <td > ADX </td> <td > 1,285.8 </td> <td > 0.10 </td> <td > 4.03 </td> <td > 2.6% </td> </tr> <tr > <td > DEWA </td> <td > Dubai </td> <td > 3,100.0 </td> <td > 0.06 </td> <td > 2.71 </td> <td > 2.3% </td> </tr> <tr > <td > Talabat </td> <td > Dubai </td> <td > 615.9 </td> <td > 0.03 </td> <td > 1.17 </td> <td > 2.3% </td> </tr> <tr > <td > e </td> <td > ADX </td> <td > 4,131.0 </td> <td > 0.48 </td> <td > 21.72 </td> <td > 2.2% </td> </tr> <tr > <td > du </td> <td > Dubai </td> <td > 1,178.6 </td> <td > 0.26 </td> <td > 11.96 </td> <td > 2.2% </td> </tr> <tr > <td > Tabreed </td> <td > Dubai </td> <td > 142.3 </td> <td > 0.05 </td> <td > 2.37 </td> <td > 2.1% </td> </tr> <tr > <td > ADNOC Drilling </td> <td > Abu Dhabi </td> <td > 1,928.1 </td> <td > 0.12 </td> <td > 5.72 </td> <td > 2.1% </td> </tr> <tr > <td > Amanat </td> <td > Dubai </td> <td > 75.0 </td> <td > 0.03 </td> <td > 1.51 </td> <td > 2.0% </td> </tr> <tr > <td > Americana </td> <td > ADX </td> <td > 370.2 </td> <td > 0.04 </td> <td > 2.32 </td> <td > 1.9% </td> </tr> <tr > <td > ALEC Holdings </td> <td > Dubai </td> <td > 100.0 </td> <td > 0.02 </td> <td > 1.31 </td> <td > 1.5% </td> </tr> <tr > <td > ADNOC Logistics Services </td> <td > ADX </td> <td > 626.6 </td> <td > 0.08 </td> <td > 7.20 </td> <td > 1.2% </td> </tr> <tr > <td > Total </td> <td > </td> <td > 30,403.9 </td> <td > </td> <td > </td> <td > 2.6% </td> </tr> </tbody> </table> <div class="ckeCaption" >*Distributed for H1 ended December 2025.</div> <div > **Exceptional one-off distributions. </div> <div >It is worth noting that most companies do not pay quarterly or semi-annual cash dividends on a regular basis, with many companies limiting cash dividend distributions to the full year. Accordingly, the dividends recorded during H1 2026 do not necessarily reflect the companies’ expected total annual dividend distributions.</div>

Publication: Argaam - UAE News · Trade Publication
Published: 25th September 2026
Original report: argaam.com

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What ProcIntel recorded

ProcIntel-derived

Category: Geopolitical Risk
Geography: UAE
Organisations: None identified
Collected: 27th September 2026 · 16:50

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

A provisional, automatically computed reading of this individual Signal, before Event extraction or human review. Not a final rating.

Significance 1 · Low

Confidence 2 · Low

Initial Significance Low (16.0/100). Strongest contributor: Procurement Impact (6.0/30 points). Limiting factor: Geographic Breadth (0.0/10 points). Initial Confidence Low (26.5/100, data sufficiency: Partial). Strongest contributor: Source Authority (20.0/40 points). Limiting factor: Corroboration (2.5/25 points).

Strongest contributor: Procurement Impact
Limiting factor: Geographic Breadth

What the source reported

What ProcIntel recorded

Initial assessment ⓘMore about Initial Signal AssessmentProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.

Initial assessment ProcIntel's automatic, provisional read of this individual Signal -- Initial Significance and Initial Confidence, computed deterministically before any Event extraction or human review.