83.7 billion dirhams, net profits of listed national companies in the first half

The net profits of national companies listed in the local capital markets increased by 56.07%, or the equivalent of 30.1 billion dirhams, during the first half of this year, compared to the same period in 2021.

And based on the disclosures of 118 listed companies, which announced their financial results on the websites of the financial markets, the net profits of these companies increased during the period from January to June 2022 to 83 billion and 739 million dirhams, compared to about 53 billion and 656 million dirhams during the same period last year.

And 74 companies listed on the Abu Dhabi Securities Exchange accounted for the largest share of the total profits by 70.3%, after achieving net profits of 58 billion and 847 million dirhams in the first half of this year, an increase of 65.5% compared to 35 billion and 553 million dirhams in the first half of last year. .

44 companies listed on the Dubai Financial Market accounted for 29.7% of the total companies’ profits, with net profits of about 24 billion and 891 million dirhams in the first half of this year, a growth of 37.5% compared to about 18 billion and 102 million dirhams in the first half of the year 2021. The banking sector accounted for the largest share of the total profits by about 29%, with 17 banks achieving net profits of about 24 billion and 179 million dirhams in the first half of this year, a growth of 40.5%, compared to about 17 billion and 213 million dirhams in the first half of the year. last year.

International Holding Company topped the list of the most profitable listed companies, after recording a 137% increase in net profits to reach 10.35 billion dirhams during the first half of this year, compared to the same period last year.

The net profit of Emirates NBD rose to 5.3 billion dirhams in the first half of this year, achieving the highest semi-annual profit since 2019.

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