ABU DHABI: The Securities and Commodities Authority (SCA) has invited investors to submit payment requests to claim unclaimed dividends or cash held in dormant accounts at brokerage firms.
The SCA has appointed First Abu Dhabi Bank (FAB) to handle the payment of unclaimed dividends to shareholders of locally listed public joint-stock companies prior to March 2015, according to a statement it issued today. Investors can submit their requests through email, phone, or any FAB branch across the UAE.
Applicants for unclaimed dividends must provide the following documents and information:
-Copy of the Emirates ID card (for UAE nationals/residents)
-Copy of the passport (for non-UAE nationals)
-Copy of the family book (for UAE nationals)
-Certificate from the bank specifying the account number and IBAN
-Share certificates, general assembly invitations, or any other documents evidencing ownership of shares and entitlement to dividends, if any
-The investor number, if applicable
If the shareholder is a legal
entity, a copy of the following should be provided:
-Commercial licence
-Authorised signature letter
-Passport and ID card of the authorized signatory
If the applicant is acting as an agent for the shareholder or his/her heirs, a power of attorney/succession certificate issued and approved by the relevant UAE authorities must be provided. If the power of attorney is issued abroad, it must be notarised by the UAE Embassy and the ministry of foreign affairs in the issuing country as well as the UAE Ministry of Foreign Affairs.
Applicants for cash held in dormant accounts at existing licensed brokerage firms must provide the following documents and information:
-Copy of the Emirates ID card (for UAE nationals/residents)
-Copy of the passport (for non-UAE nationals)
-Certificate from the bank specifying the account number and IBAN
-Account statement from the firm or relevant market, or any other document indicating the cash owed, if applicable
-Copy of the account opening agreement signed with the firm,
if applicable
-The investor number
If the investor is a legal entity, a copy of the following should be provided:
-Commercial license
-Authorised signature letter
-Passport and ID card of the authorized signatory
If the applicant is acting as an agent for the shareholder or his/her heirs, a power of attorney/succession certificate issued and approved by the relevant UAE authorities must be provided. If the power of attorney is issued abroad, it must be notarized by the UAE Embassy and the ministry of foreign affairs in the issuing country as well as the UAE Ministry of Foreign Affairs.
For brokerage firms whose license was revoked/operations were shut down, investors must submit their request to the SCA with all the documents mentioned earlier. They can submit their request through the SCA website, email, or call centre.
Source: Emirates News Agency