The Securities and Commodities Authority (SCA) reported that the capital markets of the UAE listed a total of 13 private joint-stock companies by the end of 2022. These companies collectively possessed a capital of AED 8.266B.
Among these companies, the report further mentioned that the Abu Dhabi Securities Exchange (ADX) listed 12 of them, while the Dubai Financial Market (DFM) listed one company. According to the report, the companies listed on the ADX included:
•Manazel (formerly Wahid Properties) with a capital value of AED 2.6B
•Anan Investment Holding (formerly Wahat Al-Zawiya) with a capital value of AED 2.31B
•Al-Seer Equipment and Marine Supplies (formerly Al-Seer Marine) with a capital value of AED 1B
•Q Holding (formerly Al-Qudra Holding) with a capital value of AED 808.9M
•National Investor (formerly National Holding) with a capital value of AED 310M
•Foodco National Foodstuff (formerly Nakhil Foodstuff) with a capital value of AED 280M
•ASG Stallions Emirates (formerly Al-Shabab Sports Club) with a capital value of AED 250M
•Response Plus Holding (formerly Al-Respos Group) with a capital value of AED 200M
•Palms Sports (formerly Al-Nasr Sports Club) with a capital value of AED 150M
•Food Holding (formerly Costume Retail) with a capital value of AED 100M
•Sawaeed Holding with a capital value of AED 51.1M
•Easy Lease Motorcycle Rentals with a capital value of 30M
Enhancing Brand Value: The Role of Private Joint-Stock Companies in UAE’s Markets
In the UAE, the Dubai Financial Market (DFM) consists of one listed private joint-stock company called BHM Capital for Financial Services, which possesses a capital of AED 173.4M.
The inclusion of private joint-stock companies in the local markets plays a crucial role in facilitating access to a significant capital base for these companies. It also contributes to enhancing their brand value effectively.
The state has established a comprehensive system to support companies of all sizes, including startups and large corporations. This system includes the part mentioned. The UAE offers one of the world’s best and most favourable business environments.
To further support the growth of private companies, the Abu Dhabi Securities Exchange (ADX) introduced the Nomu Market last year.
This market serves as an advanced trading platform, connecting investors with private companies. It complements the expanding ecosystem of emerging and high-growth companies in Abu Dhabi, enabling private companies to access a broader investor base.
ADX Nomu Market provides comprehensive support to companies interested in being listed, guiding them throughout the listing process.
The market also assists companies in the post-listing stage, providing services such as annual general assembly management, dividend distribution, and support in corporate communication.
The qualifications for listing on the Nomu Market include converting the company’s legal form to a private joint-stock company, with a minimum establishment period of two years.
Additionally, companies need to submit audited financial statements and list at least 5 percent of their capital, according to WAM.
