COMMERCIAL NEWS
Capital of UAE public companies hits $112bn in 2018
Jun 17, 2019 9:50 AM
The capital of public joint stock companies listed by the Securities and Commodities Authority amounted to circa Dh412 billion ( 112 billion) in 2018 a growth of 1 percent on year a media report said....
The capital of public joint stock companies listed by the Securities and Commodities Authority amounted to circa Dh412 billion ($112 billion) in 2018, a growth of 1 percent on year, a media report said.
The capital of Abu Dhabi Securities Exchange-listed firms stood at Dh94.8 billion, while the Dubai Financial Market held Dh115.2 billion, with un-listed companies holding Dh201.8 billion in capital, reported state news agency Wam, citing statistics obtained from official sources.
According to official figures, 168 firms are listed at the country's two main bourses, 119 of which are non-government and 49 are state-run.
Investment and financial services companies account for Dh149.3 billion in capital, followed by banks, Dh75.2 billion; real estate, Dh58.6 billion; transport, Dh32 billion; services, Dh28.1 billion; energy, Dh22; insurance, Dh14.5 billion; consumer goods, Dh10 billion; and manufacturing, Dh7.7 billion.
A total of 70 firms are listed in ADX, accounting for 51 percent of firms trading nationwide, with DFM listing 67 companies, or 49 percent thereof.
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