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Cash Dividends Payment Method

Details

Investor can submit a request of Cash Dividends Services Form through DFM App or eServices

The investor should select their preferred payment method of receiving his/her future cash dividends.

The two available options for selecting the payment method are:

1) iVestor Card (Individuals and sole proprietorships)

2) Bank Transfer

Note:

  • All outstanding cash dividends will be transferred to your new selected payment method
  • In case the dividends cannot be paid to the selected payment method, then it will be paid to the earlier valid payment method registered with Dubai CSD if any
Fees
  • Free of Charge:
    For submitting the request through DFM Application / DFM eServices / Trading Member
Procedures

You can apply for  iVestor Card through one of the following available options     :

1- DFM Application

  • Login with your username and password
  • Select more
  • Select eServices
  • Select the form and fill the details
  • Attach the required documents and click on ‘Submit’
  • You will be notified by email once the status of the request is updated

2- DFM eServices 
Register to DFM eServices at DFM Website www.dfm.ae

  • Login with your username and password
  • Select the eFORMS tab
  • Select the form and fill the details
  • Attach the required documents and click on ‘Submit’
  • You will be notified by email once the status of the request is updated

3- Licensed Trading Member at Dubai Financial Market

  • Submit required documents through the Trading Member
Required Documents

For Individuals:

  • UAE Nationals and Residents: Valid Copy of the Emirates ID
  • Non Residents: Valid Copy of the passport
  •  
    In case the selected payment method is Bank Transfer:

    • Attach Bank Statement or Certified Bank Letter Mentioning clearly the IBAN for the investor who owns the shares (Joint Accounts are not accepted)

    In case of a Minor (below 18 years):

    • The Guardian (the Father) submit the form
    • UAE Nationals and Residents: Valid copy of the Emirates ID for the Minor and Guardian
    • Non Residents: Valid copy of the passport for the Minor and Guardian
    • In case of a guardian other than the father: true copy of duly authenticated guardianship order issued by the court or Notary public

    Marsoom Holder:

    • Valid copy of the passport.

    If a Representative:

    • Valid copy of a duly authenticated Power of Attorney issued from the court or Notary Public
    • UAE Nationals and Residents: Valid copy of Emirates National ID for the Investor and Representative
    • Non Residents: Valid copy of the passport for the Investor and Representative
    • A Power of Attorney issued from other countries must be authenticated by the official authorities and the UAE embassy in those countries or by UAE Ministry of Foreign Affairs

    For Companies/Institutions/Governments/Banks /Funds/ Trading Members registered at DFM:

    • Valid copy of the Trade License and Commercial Register
    • True copy of the Memorandum of Association
    • True copy of a duly authenticated Authorized signatory letter issued by the company. (The letter is not required in case the authorized signatory is mentioned in the Memorandum of Association)
    • UAE Nationals and Residents: Valid copy of the Emirates ID of the owner
    • Non Residents: Valid copy of the passport of the owner
    • Any document issued from other countries must be authenticated by the official authorities and the UAE embassy in those countries or the UAE Ministry of Foreign Affairs
    How to Apply
    • Through DFM App or eServices
    • Licensed Trading Member at Dubai Financial Market
    Services Catalogue & Fees