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Economy

Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

Assets of UAE national firms climbs 10% to $116bn in H1

Real estate and banking companies were the primary contributors to Thursday's 0.4 percent drop in the Dubai Stock Exchange's benchmark index. (AFP)
By TRENDS Desk
August 25, 2022 12:31 pm
  • According to the disclosures made by 118 listed companies, their assets increased to $1.289 trillion 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

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.

 

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