109 companies listed on local stock markets, including private companies, achieved consolidated net profits during 2021 estimated at 98.4 billion dirhams, compared to profits of 54.2 billion dirhams during 2020, with a strong growth of 81.5%; This is according to the preliminary unaudited financial statements. And 10 listed companies accounted for 71.4% of the total consolidated profits during 2021, equivalent to approximately 70.24 billion dirhams.
First Abu Dhabi Bank topped the list of the most profitable companies among the companies listed in the markets in the UAE, then “International Holding”, then “Etisalat”, then “Emirates NBD”, then “TAQA”, then “Abu Dhabi Commercial”, then “Alfa” Abu Dhabi, then Dubai Islamic, then Emaar Properties, then Emaar Development.
Top 10 companies
First Abu Dhabi achieved strong profits of 12.5 billion dirhams during 2021, an increase of 19%, compared to 2020, while total assets exceeded one trillion dirhams, an increase of 9% compared to the end of 2020.
International Holdings
Global Holding achieved a net profit during 2021 of regarding 11.3 billion dirhams in 2021, compared to a net profit of 3.01 billion dirhams for the previous year, an increase of 275%, and revenues jumped 303% during the year 2021 to reach 28.4 billion dirhams, compared to 7.05 billion dirhams for the year 2020.
“Telecom”
Consolidated profits attributable to the equity of the shareholders of the Etisalat Group amounted to regarding 9.32 billion dirhams in 2021, which represents an annual increase of 3.2%, compared to 9.03 billion dirhams in 2020.
«Emirates NBD»
Emirates NBD announced a growth in net profit for the year 2021 by 34% to reach 9.3 billion dirhams.
The net income (“TAQA” share) amounted to 6 billion dirhams, amounting to 3.2 billion dirhams, with a significant additional contribution from the oil and gas sector.
«Abu Dhabi Commercial»
Abu Dhabi Commercial revealed that it recorded an increase in net profits during the past year 2021 by 38%, to reach 5.25 billion dirhams, compared to 2020.
«Alpha Abu Dhabi»
“Alpha Abu Dhabi” Holding announced that it recorded total revenues of 18.8 billion dirhams, a growth of 400%, compared to 3.8 billion dirhams in 2020, and the group’s net profit amounted to regarding 5.1 billion dirhams, compared to 218 million dirhams for the previous year.
«Dubai Islamic»
Dubai Islamic announced that it achieved net profits, an increase of 39% on an annual basis, to reach 4.4 billion dirhams in 2021, compared to 3.16 billion in 2020, despite the decline in total income, which is mainly due to the conditions of constantly low rates and the payment of large payments to companies during the year.
“Construction”
The net profit of “Emaar Properties” attributable to shareholders in 2021 amounted to 3.8 billion dirhams, an increase of 80% over the net profit of 2.1 billion dirhams during the year 2020. “Emaar Development”, in which Emaar Properties has a majority stake, recorded net profits Return on shareholders amounted to 3.24 billion dirhams, an increase of 96% compared to 2020, and it is noteworthy that its profits include part of the profits of “Emaar Properties”.
