The assets of national companies listed in local financial markets has climbed up 10 percent in the first half of 2022, equivalent to $116 billion.
According to the disclosures of 118 listed companies their assets increased to $1.289 trillion at the end of June.
A total of 74 listed companies listed in the Abu Dhabi Securities Exchange (ADX) accounted for 59.8 percent of total assets, valued at $771 billion at the end of June 2022.
A total of 44 listed companies in the Dubai Financial Market accounted for 40.2 percent of total companies’ assets, valued at $518 billion at the end of June.
The banking sector was the leading contributor, with 17 banks accounting for 69 percent of total assets, valued at $891 billion at the end of June 2022.
