Wednesday 16 October 2019

Capital of SCA-listed UAE govt firms tops $51bn

ABU DHABI, June 23, 2019

Capital of government companies listed by UAE’s Securities and Commodities Authority (SCA) currently stands at circa Dh190.4 billion ($51.8 billion), a media report said.

Government firms listed in Abu Dhabi hold Dh190 billion in capital followed by companies listed in Dubai with Dh50 million, reported state news agency Wam, citing statistics recently released by SCA.

Capital of non-government companies have reached around Dh221.52 billion, with those listed in Dubai holding Dh110 billion in capital, followed by Abu Dhabi-listed companies at Dh72.9 billion; Sharjah-listed firms comprise Dh22.1 billion; Ras Al Khaimah's at Dh9.7 billion; Umm Al Qaiwain's Dh2.21 billion and Ajman's with an Dh2.13 billion in capital.

A total of 168 public joint stock companies are listed at SCA, 119 of which are non-government and 49 are wholly state-run.

The insurance sector accounts for the largest listed firms, 35, followed by the service sector, 29; banking, 26; energy 17; financing and investment, 14; manufacturing 14; real estate 13; consumer goods 13; transportation 5; and 2 telecommunications companies.


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