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UAE public joint-stock companies record AED 149.8bn profits in 2019

UAE public joint-stock companies record AED 149.8bn profits in 2019
The profits of the UAE public joint-stock companies reached AED 149.8bn

UAE – Mubasher: Profits by the UAE public joint-stock companies reached AED 149.8 billion in 2019, compared to AED 149.65 billion in 2018 and around AED 132 billion in 2017, according to the Emirates News Agency (WAM).

The capital of the UAE public joint-stock companies, mainly found in Abu Dhabi and Dubai, amounted to AED 200 billion.

These companies are specialised in many fields at a regional and international level, including investment, financial services, petrochemicals, and transportation, as shown by the latest data by the Federal Competitiveness and Statistics Authority (FCSA).

The companies' revenues represented nearly 31.3% of the total government revenues valued at around AED 478.2 billion in 2019.