28 C
Dubai
Saturday, December 9, 2023
spot_img

13 private joint-stock companies listed on the UAE capital market with a total capital of US$2.26 billion

[ad_1]

ABU DHABI – The Securities and Commodities Authority (SCA) has announced that by the end of 2022, the total number of private joint stock companies listed on the capital market in the country will be 13, with a total capital of AED8.266 billion.

The companies are divided into 12 companies listed on the Abu Dhabi Securities Exchange (ADX) and one company listed on the Dubai Financial Market (DFM), the SCA added in a recent report.

Companies listed on the ADX reportedly include:

  • Manazel (formerly Wahid Properties) with a capital value of AED 2.6 billion
  • Anan Investment Holding (formerly Wahat Al-Zawiya) with a capital value of AED 2.31 billion
  • Al-Seer Equipment and Marine Supplies (formerly known as Al-Seer Marine) with a capital value of AED 1 billion
  • Q Holding (formerly known as Al-Qudra Holding) with a capital value of AED 808.9 million
  • National Investor (formerly National Holding) with a capital value of AED 310 million
  • Foodco National Foodstuff (formerly Nakhil Foodstuff) with a capital value of AED 280 million
  • ASG Stallions Emirates (formerly known as Al-Shabab Sports Club) with a capital value of AED 250 million
  • Response Plus Holding (formerly Al-Respos Group) with a capital value of AED 200 million
  • Palms Sports (formerly known as Al-Nasr Sports Club) with a capital value of AED 150 million
  • Food Holding (formerly Costume Retail) with a capital value of AED 100 million
  • Sawaeed Holding capital value AED 51.1 million
  • Easy Lease Motorcycle Rentals with a market value of 30 million

DFM includes a listed private equity company, BHM Capital for Financial Services, with a capital of AED 173.4 million.

Private joint-stock companies entering the local market can not only help enterprises obtain a huge capital base, but also effectively enhance brand value. This forms a key part of the integrated life system the country has built to embrace and support companies of all sizes, from start-ups to large corporations. It offers one of the best and most convenient business environments in the world.

Last year, ADX launched Nomu Market, a new brand of “secondary market” platform, to provide an advanced trading platform connecting investors with private companies and complementing the growing dynamic system of emerging and promising growth companies in Abu Dhabi. This market provides private companies with access to a broader investor base.

Companies interested in listing on the ADX Nomu Market receive all the support they need throughout the listing process. The marketplace also provides support for listed companies, including access to annual general meeting management services, dividend distribution and corporate communications support.

Eligibility to list on the Nomu market includes changing the legal form of the company to a private joint stock company, provided the company has been established for at least two years, in addition to submitting audited financial statements and listing not less than 5% of its capital.

[ad_2]

Source link

Related Articles

Unveiling Elegance in Verse: Syed Salahuddin Presents Mushairah & Kavi Sammelan 2024, Another Extravaganza of Poetic Brilliance

In a splendid celebration of the rich tapestry of Urdu poetry and literature, Mr. Syed Salahuddin is gearing up to host the grand 22nd...

Tahbib: Navigating a Global Literary Odyssey with Leading Edge Events

In the luminous realm where art, language, and culture converge, Mr. Tariq Faizi's Leading Edge organization orchestrated a three-day symposium presided over by the...

Prize Alert: Key Highlights for Dubai Shopping Festival – Don’t Miss the Dh1 Million Prize and Free Home Makeover!

Prize The Dubai Lights show promises a visual treat with enchanting displays at various venues, featuring larger-than-life characters, neon-lit abras, and life-size Amazon forest...

“Sanjay Shah’s Journey: From Opulent Living to Extradition from the UAE”-1

Sanjay Shah Once the poster boy for opulence in Dubai, Sanjay Shah's extravagant lifestyle was a symbol of luxury. His mansion, fleet of yachts,...

“Dubai’s Spectacular 3D Tale: 500 Drones Transfigure Into Iconic Landmarks for an Astonishing Display”

500 Drones In the heart of Dubai's Bluewaters Island, a purpose-built platform gears up for the Dubai Shopping Festival (DSF) Drones Show. Exclusive access...

Latest Articles