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Saudi companies’ capitals jump to SAR1.3 trillion

Growth in total volume attributed to growth in value of joint stock companies’ capitals in 2014

The total volume of Saudi companies’ capitals has increased to SAR1.323 trillion over the past year, divided between different types of companies.

The companies’ capitals increased by roughly 1.6 per cent, is equivalent to about SAR20.7 billion, compared to SAR1.302trn in 2013, reports Saudi-based Al Eqtisadiah.

According to an analysis conducted by Al Eqtisadiah, the total value of joint stock companies’ capitals accounted for 70 per cent of the total value of all companies’ capitals, valued at SAR916.13bn during last year, compared with SAR904.24bn in 2013.

The growth in the total volume of Saudi companies’ capitals is attributed to the growth in the value of joint stock companies’ capitals during 2014, adding almost SAR11.9bn and accounting for 57.3 per cent of the total value of all companies’ capitals.

This was followed by the total value of the mixed limited liability companies’ capitals, which accounted for 22 per cent of the total value of all companies’ capitals, adding roughly SAR4.6bn, a growth of 4.2 per cent to SAR112.52bn in 2014, compared with SAR107.96bn in 2013.

(SAR1 = AED0.98, at the time of publishing)