Home Industry Finance These 13 UAE-listed private joint-stock companies have Dhs8.3bn in capital The inclusion of private joint-stock firms in the local markets helps companies access a large capital base by Gulf Business June 19, 2023 Image credit: WAM The UAE’s Securities and Commodities Authority (SCA) said there are 13 private joint-stock companies listed in the country’s capital markets, with a total capital of Dhs8.3bn by the end of 2022, according to the state-run news agency WAM. The SCA said, in a recent report, that the companies are divided into 12 companies listed on the Abu Dhabi Securities Exchange (ADX) and one company listed on the Dubai Financial Market (DFM). The UAE markets regulator’s report shows that the ADX-listed companies are: Manazel with a capital value of Dhs6bn Anan Investment Holding with a capital value of Dhs31bn Al-Seer Equipment and Marine Supplies with a capital value of Dhs1bn Q Holding with a capital value of Dhs9m National Investor with a capital value of Dhs310m Foodco National Foodstuff with a capital value of Dhs280m ASG Stallions Emirates with a capital value of Dhs250m Response Plus Holding with a capital value of Dhs200m Palms Sports with a capital value of Dhs150m Food Holding with a capital value of Dhs100m Sawaeed Holding with a capital value of Dhs1m Easy Lease Motorcycle Rentals with a capital value of Dhs30m The SCA said the list of private joint stock companies also includes BHM Capital with a capital of Dhs173.4m and is listed on the DFM. The inclusion of private joint-stock companies in the local markets helps companies access a large capital base, in addition to opening the way to enhance brand value effectively. This forms a pivotal part of the integrated vital system established by the UAE to embrace and support companies of all sizes, including startups down to the big companies. It provides one of the best and most convenient business environments in the world. ADX’s Nomu Market Last year, the ADX launched the Nomu Market, a new brand for the ‘Second Market’ platform, to provide an advanced trading platform that connects investors with private companies while complementing the growing dynamic system of emerging companies and promising growth companies in Abu Dhabi. ADX Nomu Market provides private companies with access to a broader investor base. Nomu provides support to companies at the post-listing stage, including access to annual general assembly management services, dividend distribution and support in corporate communication. The qualifications for listing on the Nomu market include changing the legal form of the company to a private joint stock company, provided that it has been established for at least two years, in addition to submitting audited financial statements and listing no less than 5 per cent of its capital. Tags ADX Capital Markets DFM Nomu Market SCA 0 Comments You might also like Abu Dhabi bourse, CASE join hands to boost cooperation UAE’s Purehealth seeks to raise Dhs3.62bn from IPO UAE a key player in global financial sector, says NYSE vice chair Investcorp Capital IPO: Firm announces intention to list and trade shares on ADX