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ABU DHABI, April 21, 2019 (WAM) – Abu Dhabi Securities Exchange, ADX, has launched an awareness campaign titled "Your Cash Dividend in Your Bank Account", which aims to encourage investors to provide ADX with their bank account number international, IBAN, UAE identification information and contact details to ensure receipt of their cash dividends directly to their bank account.
ADX urged investors to update their information via its "Sahmi" digital platform, which is part of the SmartPbad service and the "Whole of Government" initiative. Through the platform, investors can electronically update their information by logging into the smartphone app or the ADX website.
The system will then automatically link their investment portfolio to their SmartPbad account, allowing investors to use multiple digital services. Investors may also update their information by visiting any of ADX's branches in Abu Dhabi, Al Ain, Dhafra, Sharjah, Ras Al Khaimah and Fujairah or through investor brokerage firms.
Commenting on the campaign, Khalifa Salem Al Mansouri, Acting Managing Director of ADX, said: "This campaign fits in with ADX's desire to develop proactive and effective communication with investors, as well as that to develop the services available to them to protect their rights, and to ensure that they receive their cash dividends in a timely manner and in accordance with the best legislative procedures. "
He added that the initiative aimed to develop the economic climate of the emirate in order to attract investment and create a flexible and competitive environment for businesses.
Al Mansouri reaffirmed ADX's unwavering support for Abu Dhabi's economic vision, the Abu Dhabi government's vision for digital transformation, and its sustainable economic development agenda in the emirate and the United Arab Emirates .
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