Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi - Capital of GCC joint stock firms reaches SR851.25bn  Join our daily free Newsletter

MENAFN - Arab News - 09/12/2013
No. of Ratings : 0
Add to Mixx!


(MENAFN - Arab News) The number of joint stock companies allowing inter-GCC share trading between GCC citizens grew by 95 percent in 2012 compared to only 20 percent in 1985, according to local media quoting GCC statistics.
Based on data released by the Riyadh-based general secretariat of the Gulf Cooperation Council, quoted by Al-Eqtiadiah daily, the number of companies rose to 644 in 2012 with their capital reaching 227 billion (SR851.25 billion).
The number of joint stock firms accessible to the GCC citizens has rated 100 percent in Saudi Arabia, Qatar and Kuwait whereas this rate reached 96 percent, 94 percent and 75 percent in Bahrain, Oman and the UAE, respectively, the report said.
Kuwait topped the list of the GCC countries of having the biggest number of joint stock companies allowing GCC citizens to trade shares by 214 companies, followed by Saudi Arabia at 158 firms, Oman (108), the UAE (79), Bahrain (43), and Qatar (42), the report said.
The number of the GCC investors in the said companies stood at 453,000 in 2012 and the UAE alone attracted 212,243 investors, or 46.9 percent of the totals, followed by Qatar at 190,886 (42.2 perct), Bahrain at 27,330, Oman, Saudi Arabia and Kuwait at 15,474, 4,988 and 1,792 investors, respectively, according to the report.

Saudi investors topped the list of GCC highest shareholders in these companies at the rate of 50.2 percent, followed by Kuwait investors at 15.9 percent, UAE and Bahraini investors at 10.7 percent for each, then came Omani and Qatari investors at 8.5 percent and 4.1 percent, respectively, the report said.
According to the report, the GCC countries have gradually eased investment limitations and curbs in their respective stock markets. The GCC Higher Council recently announced a decision whereby GCC citizens have full equal rights to own and trade shares and set up firms.
An earlier report released by the UAE Ministry of Finance said the Saudi nationals got the highest rates of licenses granted to the GCC nationals at 43.2 percent last year, followed by the Kuwaitis at the rate of 19.6 percent of the totals, the report said.
In 2012, the GCC nationals were allowed to trade shares in 80 joint stock companies, or 74.8 percent of the companies registered with the UAE Securities and Commodities Authority (SCA).

MENAFN0912201300480000ID1093737509

 


Arab News




  MENA News Headlines
 Jan 23 2017 - Kuwait- Lazam wins 19th Camel Racing competitionArab Times
(MENAFN - Arab Times) Owner of the winning camel receives the trophy from the organisers The camel Lezam belonging to Hadi Al-Hajri won the trophy of the 19th Camel Racing Competition organized ...

 Jan 23 2017 - Kuwait- KFA organizes Crown Prince Prize distribution ceremonyArab Times
(MENAFN - Arab Times) Crown Prince Cup champions Al-Kuwait with other teams and organizers of the ceremony. Kuwait Football Association (KFA) recently organized the Crown Prince Prize ...

 Jan 23 2017 - Kuwait's Burabea shows his 'class'Arab Times
(MENAFN - Arab Times) Kuwaiti jet skier Mohammad Burabea with other winners on the podium. KUWAIT CITY, Jan 22: Kuwaiti jet skier and current champion who represented the Sea Club Team at the ...

 Jan 23 2017 - Custodian of the Two Holy Mosques receives Counterterrorism Coordinator in European UnionSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Rabi'II 25, 1438, January 23, 2017, SPA -- The Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud received at Al-Yamamah Palace here today ...

 Jan 23 2017 - Saudi- KAIA Customs thwart smuggling heroin, ShabuSaudi Press Agency
(MENAFN - Saudi Press Agency) Riyadh, Rabi'II 25, 1438, Jan 23, 2017, SPA -- Customs officers of Jeddah-based King Abdulaziz International Airport (KAIA) have foiled a smuggling attempt of an amount ...

 Jan 23 2017 - Oman named among top places to visit in 2017Muscat Daily
(MENAFN - Muscat Daily) Muscat- Oman was recently listed among the top ten destinations to visit in 2017 according to some of the leading publications and media channels across the world, including ...

 Jan 23 2017 - France 2017: Qatar eliminate Germany in last 16Daily News Egypt
(MENAFN - Daily News Egypt) Qatar saved their best handball for the end, completing their comeback against Germany with just over two minutes to go. Germany failed to advance to the World Cup ...

 Jan 23 2017 - Egypt- AFCON 2017: Gabon out as Burkina Faso, Cameroon advanceDaily News Egypt
(MENAFN - Daily News Egypt) Hosts Gabon could not make it out of the group stage of the African Cup of Nations with their third consecutive draw in the tournament. Burkina Faso soared to the top of ...

 Jan 23 2017 - Egypt only to qualify for Afcon 2017 quarterfinals in four casesDaily News Egypt
(MENAFN - Daily News Egypt) Egypt's national team can finally take a deep breath after their last-minute win against Uganda 1-0 on Saturday in their second group D game at the African Cup of Nations ...

 Jan 23 2017 - Frustration and disappointment: Egyptian independent theatrical troupes fight for their art to see the lightDaily News Egypt
(MENAFN - Daily News Egypt) In a country where theatre has always been one of the most important types of art that helped express the struggles and dreams of people's everyday lives, independent ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help