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ABU DHABI / WAM
The capital value of local public shareholding companies registered at the Securities and Commodities Authority (SCA) reached AED410.36 billion at the end of 2017, according to the SCA’s latest statistics.
In 2017, the SCA registered five public shareholding companies, including two public companies and three private companies, with their total capital value reaching AED74.4 billion.
Abu Dhabi led, in terms of the total capital value of SCA-registered companies, which was AED256.2 billion, followed by Dubai with some AED116.4 billion and Sharjah with AED21.5 billion. This figure reached AED 1.71 billion for Ajman, AED2.2 billion for Umm Al Qaiwain, AED 10.34 billion for Ras al-Khaimah, and AED1.9 billion for Fujairah.
Abu Dhabi also led in terms of types of company ownership, with the total capital value of public companies in the emirate reaching AED187.8 billion, while private companies registered a total value of AED68.4 billion. Dubai came in second place, with some AED116.4 billion and AED50 billion, respectively.
Fujairah registered figures of AED10 billion for public companies and AED1.96 billion for private companies, while the other emirates did not have any public companies registered at the SCA.
The number of firms registered at SCA from 2001 to end of 2017 reached 161, which inclu-des 122 Emirati firms, while total number of Kuwaiti firms reached 22, followed by companies from Bahrain with six, and Jordan and Sudan, with three each.