The net profits of the 15 largest companies listed on the local capital markets in terms of market value increased by 60% during the first half of this year to 66 billion and 684 million dirhams, compared to regarding 41 billion and 728 million dirhams in the same period last year, an increase of 24 billion and 956 million dirhams. dirhams.
International Holding Company won the largest share of the total profits of the companies, following it recorded an increase in net profits by 137% to reach 10.35 billion dirhams during the first half of this year, compared to the same period last year.
First Abu Dhabi Bank came in second place following recording a net profit of regarding 8 billion dirhams during the first half of this year, an increase of 50% compared to the same period in 2021.
Alpha Abu Dhabi Holding Company achieved a net profit of 7.9 billion dirhams in the first half of this year, a growth of 357.6 percent.
The net profit of Emirates NBD Bank rose to 5.3 billion dirhams.
Emaar Properties recorded significant growth following achieving a profit before tax, interest and depreciation of 6.112 billion dirhams, an increase of 66%. And the “&e” group (formerly Etisalat Group) achieved a net profit of regarding 4.9 billion dirhams, a growth of 2.5%.
Abu Dhabi National Energy Company “TAQA” succeeded in achieving earnings before interest, taxes, depreciation and amortization amounting to 11.3 billion dirhams, an increase of 15%.
Vertiglobe, a joint venture between the Abu Dhabi National Oil Company (ADNOC) and OCI, increased its adjusted earnings before interest, tax, depreciation and amortization by 155% to reach $770 million in the second quarter of this year, compared to the second quarter of 2021. .
The profits of the Dubai Electricity and Water Authority (DEWA) amounted to 3.3 billion dirhams. Borouge’s adjusted EBITDA increased 1.7 percent to $1.512 billion, while net income rose 2.5 percent to $853 million.
The net profit of Abu Dhabi Commercial Bank increased to 3.059 billion dirhams, a growth of 21%. Dubai Islamic Bank recorded a strong growth in net profit by 45% to 2.7 billion dirhams.
ADNOC Distribution’s profit before interest, tax, depreciation and amortization amounted to 1.99 billion dirhams, while the company recorded a net profit of 1.56 billion dirhams.
The net profit of the “Aldar Properties” group grew to 1.53 billion dirhams, an increase of 44%.
ADNOC Drilling’s net profit amounted to 1.39 billion dirhams, a growth of 34%.
The market capitalization of the 15 largest listed companies in terms of market capitalization amounts to regarding 2.13 trillion dirhams, topped by “International Holdings” with a value of 614.18 billion dirhams, then “I & – Etisalat previously” 242.6 billion dirhams, “Alpha Abu Dhabi” 240.2 billion dirhams and “Abu Dhabi” The first» 226 billion dirhams.
