The UAE has advanced remarkably in recent decades. It has quickly established itself as a top business center that draws multinational enterprises and foreign corporations from all over the world. The area offers businesses the ideal atmosphere to thrive with modern infrastructure, business-friendly policies, and outstanding investment prospects. In its first UAE 100 ranking, Forbes Middle East evaluated 100 companies based on their total assets, market capitalization, net earnings, and revenues. The top 20 public limited firms in the UAE, ranging from large banking institutions to international real estate developers, are listed below.
List of Public Listed Companies in the UAE
Some of the most valuable companies in the world are based in the UAE and are traded on its two primary stock exchanges. Discover which leading companies have made a big contribution to making the country the thriving economic powerhouse it is today.
FIRST ABU DHABI BANK
After First Gulf Bank and National Bank of Abu Dhabi merged in December 2016, First Abu Dhabi Bank was created. The partnership between the two prosperous banks has sped up their development and stimulated additional investment and economic diversification. One of the best banks in Abu Dhabi is this one.
Customers can choose from a variety of FAB goods, services, and solutions. The bank’s five-continental global network enables it to assist local, regional, and international businesses wishing to conduct business both domestically and abroad.
- Sector: Banks and Financial Services
ETISALAT GROUP
The top telecom company in the Gulf is Etisalat Group, with its headquarters in Abu Dhabi. It serves more than 300,000 businesses and 11.6 million customers in the UAE and is dedicated to implementing the newest technology. The prestigious company boasts high credit ratings and combined net revenue of AED 53.34B.
- Sector: Telecommunications
EMIRATES NBD
Emirates NBD was established as a result of the merger of Emirates Bank International and the National Bank of Dubai. Brokerage, asset management, global markets & treasury, private banking, investment, retail, and corporate are just a few of the services it offers. On March 31, 2022, Emirates NBD’s total assets were AED 694 billion.
- Sector: Banks and Financial Services
ABU DHABI COMMERCIAL BANK
A full-service bank, Abu Dhabi Commercial Bank offers a wide array of services, including investment banking, foreign exchange, Islamic goods, property management, and currency and interest rate derivatives. The Gulf Customer Experience Award for Customer Happiness and the GTR – MENA Country Award 2020 for the Best Trade Finance Bank in the UAE are just a few of the countless honors it has received over the years.
- Sector: Banks and Financial Services
EMAAR PROPERTIES
Emaar Properties is the following government-owned company to be added to the list. Its prominent constructions include Park Field at Dubai Hills Estate, Lotus at Dubai Creek Harbour, and Vida Residences at Dubai Marina. The company is renowned for its distinctive design aesthetic. The real estate developer in Dubai has influenced the way of life of its citizens with their expertise in hospitality and retail.
- Sector: Real Estate & Construction
DP WORLD
DP World, a Dubai-based company, delivers the world to the UAE. Using integrated global solutions, the trade facilitator gives enterprises access to the entire region and beyond. Its portfolio includes projects such as Mina Al Hamriya, Jebel Ali Port, and National Industries Park. It has won numerous honors, including the Diversity & Equality Award 2021 and the RTA’s Dubai Award for Sustainable Transport 2022.
- Sector: Logistics
DUBAI ISLAMIC BANK
Dubai Islamic Bank, a pioneer in Islamic banking and finance, offers cutting-edge financing and investment services. It serves 5M customers and has about 500 branches dispersed across the globe. It is regarded as the most forward-thinking Islamic financial institution in the world. Dar Al Sharia, Panin Dubai Syariah Bank, Bank of Khartoum, and Deyaar are just a few of its important affiliates and subsidiaries. One of Dubai’s top Islamic banks is this one.
- Sector: Banks and Financial Services
ABU DHABI ISLAMIC BANK
In terms of assets, Abu Dhabi Islamic Bank is the fourth-largest Islamic bank in the world and a pioneer in Islamic finance. Its assets total USD 37B and it was incorporated in 1997. The highly individualized service provided by the universal bank is well renowned. It adheres to strict corporate governance norms and provides top-notch digital banking services.
The larger group offers real estate management, insurance, and brokerage services with a significant regional presence in the Kingdom of Saudi Arabia, Qatar, Iraq, Sudan, and the United Kingdom. Additionally, EMEA Finances named it the Middle East’s Most Innovative Bank.
- Sector: Banks and Financial Services
MASHREQ BANK
One of the country’s first banks, Mashreq Bank was established in Dubai in 1967. It is well-established throughout Asia, Europe, the US, and Africa. The bank continues to offer novel goods and services, and it has won numerous accolades, including Euromoney’s prize for the Middle East’s Most Innovative Bank. The best direct banking, money transfer, and mortgage products are available here.
- Sector: Banks and Financial Services
UNION NATIONAL BANK
In 1982, Union National Bank was established in Abu Dhabi and quickly rose to prominence among domestic financial institutions. Up until its merger with Abu Dhabi Commercial Bank in 2019, it provided a range of products and services through its more than 50 branches.
- Sector: Banks and Financial Services
TAQA
TAQA is a leading advocate for integrated utilities and has roots in Abu Dhabi. The UAE’s oil and gas operations have contributed to the success of the country. The UAE government corporation was created to make sure that water and power needs were met, and it was listed on the Abu Dhabi Securities Exchange in 2005. Today, it conducts business in the United Arab Emirates, Saudi Arabia, Oman, Iraq, and the UK.
- Sector: Oil & Gas
DU
Since its incorporation in 2006, DU has significantly strengthened the telecom industry. With its broadband connectivity, mobile, and fixed services, it has been at the forefront of social transformation and connecting businesses and people. It has built a data hub and offers carrier services, pushing connectivity to new heights.
- Sector: Telecommunications
Also Read: How to switch mobile network to Du or Etisalat in UAE?
ADNOC DISTRIBUTION
The first government-owned business with a focus on the marketing and distribution of petroleum products is ADNOC Distribution. Since its founding in 1973, it has grown to rank among the world’s top oil companies. It serves 20 million visitors annually and has over 360 service stations in the emirates of Dubai, Abu Dhabi, Sharjah, Fujairah, Ajman, Umm Al Quwain, and Ras Al Khaimah.
- Sector: Retail
COMMERCIAL BANK OF DUBAI
The Commercial Bank of Dubai has been crucial to the modernization of the emirate’s banking industry. It is the best option for the whole spectrum of financial services. The bank, founded in 1969, underwent significant operational reform in 1982, at which point it was nationalized. Its commercial and retail banking products and services are widely sought after in the UAE because of its solid financial foundation.
- Sector: Banks and Financial Services
RAK BANK
A publicly traded joint stock company, the National Bank of Ras Al Khaimah, also known as RAK BANK, focuses primarily on corporate and consumer banking. It has 27 locations and offers a range of electronic banking options in addition to services that adhere to Sharia. It adheres to the Customer Charter, is a member of the UAE Banking Federation, and has shares that are publicly traded on the Abu Dhabi Exchange.
- Sector: Banks and Financial Service
NATIONAL BANK OF FUJAIRAH
Three subsidiaries make up the National Bank of Fujairah: NBF Financial Services, NBF Capital, and NBF Trade Services. The best bank in Fujairah, with a stellar reputation, works hard to deliver excellence in corporate and commercial banking, as well as treasury and trade finance.
All different types of businesses, including healthcare, education, construction, manufacturing, energy, and shipping, have benefited from its financial services. To assure growth in the constantly shifting industry, the bank relies on its profound market knowledge.
- Sector: Banks and Financial Services
DUBAI INVESTMENTS
The UAE-based investment firm Dubai Investments was established in 1995 and is now regarded as a prominent participant. It has 15,603 shareholders and was first listed on the Dubai Financial Market in 2000. Its investments span a variety of industries, including real estate, finance, healthcare, education, and the financial sector. With a share capital of roughly AED 4.25 billion, it is assisting in the expansion of the UAE economy.
- Sector: Investments Market
AIR ARABIA
The first low-cost airline in the UAE, Air Arabia serves the Gulf and beyond. It offers excellent value to its consumers in the shape of comfort and dependability and serves 101 locations.
To improve the lives of a wider swath of society, a government-owned organization was founded. Even more specifically, it has a corporate social responsibility programme that works to support underserved areas.
- Sector: Transportation
