Assets of national companies listed on ADX, DFM rise 10% in H1 2022
Now Reading
Assets of national companies listed on ADX, DFM show 10% rise in H1 2022

Assets of national companies listed on ADX, DFM show 10% rise in H1 2022

The banking sector was the leading contributor, with 17 banks accounting for 69 per cent of total assets

Avatar
Assets of local companies listed in financial markets rise by 10% in H1 2022

The assets of UAE companies listed on local financial markets increased by 10 per cent, equivalent to Dhs425.7bn, in H1 2022.

Based on the disclosures of 118 listed companies that announced their financial results on the websites of the financial markets, their assets increased to Dhs4.735tn at the end of June, compared to some Dhs4.309tn at the end of December 2021, according to the state news agency, WAM.

This reflects their robust financial performance and ability  to grow their operations, develop new products and conduct acquisitions.

A total of 74 listed companies listed in the Abu Dhabi Securities Exchange (ADX) accounted for 59.8 per cent of total assets, valued at Dhs2.832tn at the end of June 2022, a rise of 10 per cent compared to Dhs2.575tn at end of December 2021.

A total of 44 listed companies in the Dubai Financial Market (DFM) accounted for 40.2 per cent of total companies’ assets, valued at Dhs1.903 trillion at the end of June, a rise of 9.7 per cent compared to Dhs1.735tn at the end of December 2021.

The banking sector was the leading contributor, with 17 banks accounting for 69 per cent of total assets, valued at Dhs3.273tn at the end of June 2022, compared to Dhs3.139tn at the end of December 2021.

First Abu Dhabi Bank (FAB) was the leading listed company in terms of assets, valued at  Dhs1.042tn.

You might also like


© 2021 MOTIVATE MEDIA GROUP. ALL RIGHTS RESERVED.

Scroll To Top