The property of UAE firms listed on native monetary markets elevated by 10 per cent, equal to Dhs425.7bn, in H1 2022.
Primarily based on the disclosures of 118 listed firms that introduced their monetary outcomes on the web sites of the monetary markets, their property elevated to Dhs4.735tn on the finish of June, in comparison with some Dhs4.309tn on the finish of December 2021, in response to the state information company, WAM.
This displays their strong monetary efficiency and talent to develop their operations, develop new merchandise and conduct acquisitions.
A complete of 74 listed firms listed within the Abu Dhabi Securities Change (ADX) accounted for 59.8 per cent of complete property, valued at Dhs2.832tn on the finish of June 2022, an increase of 10 per cent in comparison with Dhs2.575tn at finish of December 2021.
A complete of 44 listed firms within the Dubai Monetary Market (DFM) accounted for 40.2 per cent of complete firms’ property, valued at Dhs1.903 trillion on the finish of June, an increase of 9.7 per cent in comparison with Dhs1.735tn on the finish of December 2021.
The banking sector was the main contributor, with 17 banks accounting for 69 per cent of complete property, valued at Dhs3.273tn on the finish of June 2022, in comparison with Dhs3.139tn on the finish of December 2021.
First Abu Dhabi Financial institution (FAB) was the main listed firm by way of property, valued at Dhs1.042tn.