#UAE public joint-stock companies' capital reaches $191.1bln by end of 2022

UAE public joint-stock companies' capital reaches $191.1bln by end of 2022

The Securities and Commodities Authority (SCA) has released its annual report for 2022, revealing that the total capital of public joint-stock companies (PJSCs) registered with the SCA reached AED702 billion.

Of this, AED393 billion was for government companies and AED309 billion was for non-governmental companies.

The services sector accounted for the largest share of the total capital of registered PJSCs, with AED209.8 billion. This was followed by the investment and financial services sector (AED165.9 billion), energy (AED129.5 billion), banks (AED77.7 billion), real estate (AED33.4 billion), and transportation (AED32.4 billion).

The industrial sector had a smaller share of the total capital of registered PJSCs, with AED24.5 billion. Communications, insurance, and consumer goods each had a share of AED15.6 billion, AED7.9 billion, and AED4.9 billion, respectively.

Abu Dhabi had the largest share of the total capital of registered PJSCs, with AED521 billion. Dubai followed with AED89 billion.