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Dubai holds 66.8% of the capital paid to private equity companies in the UAE

2019-08-03T22:08:06.281Z

Assistant Undersecretary of the Ministry of Economy for Commercial Affairs Humaid Ali Bin Butti Al Muhairi said that the private registered companies registered in the country amounted to 160 companies with registered capital investments amounting to 150.033 billion dirhams by the end of last year, while the capital paid to those companies 14



Assistant Secretary of the Ministry of Economy for Commercial Affairs Humaid Ali bin Butti Al Muhairi said that the private registered companies registered in the country reached 160 companies with registered capital investments amounting to 150.033 billion dirhams by the end of last year. The capital paid to these companies was 148.985 billion dirhams.

According to data recorded in the ministry, Dubai accounted for 66.8% of the total capital paid to private equity companies in the UAE at a value of AED 99.4 billion in the emirate by the end of last year and by 66.7% of the registered capital of the state-owned companies .

He pointed out that «private joint stock companies registered in Dubai by the end of last year amounted to 50 companies», pointing out that «the Emirate of Abu Dhabi accounted for 30.9% of the total capital subscribed in the State of the amount of 45.981 billion dirhams, while the Emirate of Dubai and Abu Dhabi together 97.6% Of the total share capital of private equity companies paid in the UAE.

Al Muhairi added that "Abu Dhabi has taken the first position in terms of the number of private joint stock companies registered by the end of last year, with 90 companies with registered and paid capital amounting to 45.981 billion dirhams."

He pointed out that «the total private shareholding companies in the Emirate of Sharjah by the end of last year amounted to 11 companies with registered and paid capital amounted to 1.797 billion dirhams, followed by the Emirate of Fujairah in fourth place with five companies and the capital of AED 1.623 billion and paid AED 1.539 billion».

According to the data recorded by the Ministry at the end of last year, the investments of private shareholding companies were distributed in Dubai with 18 companies in the investment sector, which ranked first in the investment sectors in the emirate, followed by the finance sector with 10 companies, Private companies, then the water and electricity sector, and services with five companies each, followed by the industrial sector with four companies ». "The Dubai real estate sector accounted for 86 per cent of the value of paid and subscribed capital to private equity companies in Dubai, with a value of AED 83.3 billion, followed by the investment sector, although it is the largest in terms of companies, The paid-up and paid-up capital amounted to AED 4.4 billion, followed by the finance sector with a paid-up capital investment of AED 4.2 billion, while the industrial sector attracted AED 3.5 billion worth of investment.

He pointed out that «the most prominent sectors of investment distributed by investment companies in the Emirate of Abu Dhabi by the end of last year, led by the investment sector in terms of the number of companies of 37 companies, and accounted for 40% of the total companies in the emirate, and the value of about 24.2 billion dirhams or Of 56% of the capital subscribed to the joint stock companies ».

He added that private companies in the water and electricity sector in Abu Dhabi reached 18 companies with registered capital amounting to 5.8 billion dirhams, representing about 13.4% of the total capital subscribed in the emirate to private equity companies.

Al Muhairi pointed out that "the private companies in the finance sector in Abu Dhabi reached 10 companies with paid and subscribed capital amounting to 4.1 billion dirhams, followed by the services sector in terms of number of eight companies."

He said that private equity companies in the real estate sector in Sharjah acquired the largest number of companies with seven companies, followed by the investment sector with two companies, while the rest of the companies in the sectors of finance and services ».

Source: emara

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