<126 dirhams listed in the UAE financial markets achieved a growth of 7.7% in the consolidated profits to reach about 78.52 billion dirhams in 2019, compared to 72.24 billion dirhams in 2018.
According to the Emirates News Agency, the companies that announced their financial statements for the past year after the end of the period of disclosures specified by the Securities and Commodities Authority are 95.5% of the total number The 132 national and foreign companies listed in the Abu Dhabi and Dubai financial markets, knowing that the majority of the companies that failed to disclose were foreign companies.
According to the instructions in force, the Securities and Commodities Authority grants 45 days for companies to disclose their financial statements after the end of the period, whether quarterly or annually.
The banking sector still accounts for the largest share of the profits achieved compared to the rest of the other sectors, where the net profit of the sector reached 46.47 billion dirhams, during the year 2019, a growth of 11.6% compared to 41.63 billion dirhams in 2018.
According to the previous data, the profits of the three sectors amounted to 69.6 billion dirhams, accounting for 88.6% of the total profits achieved by all the companies listed in the financial markets that disclosed their financial statements.
In detail, at the level of the markets, the profits of 61 companies listed on the Dubai Financial Market reached 38.855 billion dirhams in 2019, a growth of 14.4% compared to their profits in 2018. p> In the Abu Dhabi Securities Market, the total profits of 65 listed companies amounted to 39.67 billion dirhams in 2019, an increase of 2.8% compared to their profitability in the year 2018.
It is noteworthy that Emirates NBD was the most profitable in terms of value, which reached 14.502 billion dirhams during the year 2019, while the profits of the first Abu Dhabi Bank reached 12.52 billion dirhams, Dubai Islamic Bank 5.013 billion dirhams and Abu Dhabi Commercial Bank 4.79 billion dirhams.
