By Staff writer
Government-backed firms such as the Burj Khalifa developer, The Dubai Mall operator and Emirates NBD bank are among the top ranked companies listed on the DFM
Emaar dominates the latest list of the 50 largest listed companies in Dubai, with the Burj Khalifa developer taking the top spot and its recently listed malls subsidiary coming in third.
The latest ranking of the 50 largest companies listed on the Dubai Financial Market (DFM) has a total market capitalisation of nearly $100 billion, with Emaar Properties taking the top spot with a value of $15.77 billion.
Emaar, which is 29.22 percent owned by the Dubai government, also featured at number three with its Emaar Malls subsidiary worth $11.692 billion.
Sandwiched between the two Emaar listed firms is Emirates NBD, which is 55.64 percent owned by the Dubai government.
“Once again the UAE has shown that the performance of its listed companies is at the very highest level, with strong returns for many investors,” said Anil Bhoyrul, editorial director, Arabian Business.
* Market capitalisation data was compiled from Gulfbase.com and Bloomberg and is correct as of June 25, 2015.