Revealed: The UAE’s Top 50 companies

Monday, 27 February 2012 8:50 AM

Etisalat has topped the list of the UAE’s 50 biggest companies, in a new survey by Arabian Business.

See the full countdown of the 50 biggest companies in the UAE.

The telecoms giant took first place with a market value of AED75.6bn, more than twice its nearest rivals, DP World, valued at AED34.4bn. The list ranks companies by market value, based on figures obtained from Bloomberg at close of trading last Thursday. Companies on the Dubai Financial Market, Abu Dhabi Exchange and Nasdaq Dubai were surveyed.

The list is heavily dominated by banks, with six in the top ten. Property giant Emaar, which has seen a rise in its share price this year, is ranked fourth with a value of AED18.58bn, well ahead of the next property company Aldar, ranked 16th with a value of AED4.53bn.

The list also shows a strong performance for construction giant Arabtec, which has seen its shares rise by more than 60% since the start of 2012. The company is now ranked 17th, with a market value of AED4.35bn.

See the full countdown of the 50 biggest companies in the UAE.

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Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

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Posted by: Annoyed with Etisalat Tuesday, 6 March 2012 12:28 PM[UAE] - UAE

How can Etisalat be high up when I reported a complaint more than seven months back and kept calling them more than six times with no action. They keep saying that someone will call me back. I have not recieved any call back.

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Posted by: Sam Gad Monday, 5 March 2012 8:03 PM[UAE] - UAE

It's a shame that Etisalat is so high up. No where else would a company be so successful with their misleading advertisements and their poor customer service.

Again, after I have emailed them 3 times over 2 weeks, they post another advertisement in Gulf News saying to get the new iphone 4s for free if you sign up to one of their monthly plans for 18 months. There is no *, or no terms and conditions apply. It just says to get the offer.

You then call them and are on hold for 20 minutes or you go to their store and queue for an hour and after waiting they tell you the offer is only for existing customers. No where is that mentioned in the advertisement or on their website! What is their intent with these misleading adverts?

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