Assets of national companies listed on financial markets increase by 10% in H1 2022

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ABU DHABI: Assets of national companies listed on local financial markets increased by 10% in the first half of 2022, equivalent to AED425.7 billion, an indicator of their strong financial performance and ability to expand their operational activities , develop new products and make acquisitions.

According to statements from 118 listed companies that announced their financial results on financial market websites, their assets grew to AED4.735 billion at the end of June, from some AED4.309 billion at the end of December 2021.

A total of 74 companies listed on the Abu Dhabi Stock Exchange (ADX) accounted for 59.8% of total assets, valued at AED2.832 billion at the end of June 2022, up 10% from AED2.575 billion. of AED at the end of December 2021.

A total of 44 companies listed on the Dubai Financial Market accounted for 40.2% of total company assets, valued at AED1.903 billion at the end of June, up 9.7% from AED1.735 billion. ‘AED end of December 2021. .

The banking sector was the main contributor, with 17 banks accounting for 69% of total assets, valued at AED3.273 billion at the end of June 2022, compared to AED3.139 billion at the end of December 2021.

First Abu Dhabi Bank (FAB) was the largest listed company in terms of assets, valued at AED1.042 billion.

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