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Mon 16 Nov 2015 12:11 PM

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Third cycle of Dubai SME100 ranking announced

Dubai SME has announced the list of companies that made it to the Dubai SME 100 ranking for 2015.

Third cycle of Dubai SME100 ranking announced

Dimara International has been named the top small business in Dubai, as the third Dubai SME 100 ranking of companies is revealed.

The company, which supplies towels, toiletries, bedding and other products to hotels, hospitals and airlines, was awarded at a ceremony hosted by the initiative’s patron HH Sheikh Ahmed bin Mohammed Bin Rashid Al Maktoum, Chairman of the Mohammed bin Rashid Foundation, at Madinat Jumeirah.

Launched in 2011, the Dubai 100 SME ranking is a biennial initiative of Dubai SME, the agency of the Department of Economic Development (DED) to honour owners and executives of small and medium sized businesses in the emirate.

In this year’s ranking, i-General Trading, a distributor of water, juices, sports drinks and hygiene products for women, was ranked second, while Dubai Desert Extreme (DDE), a distributor of premium bikes and bicycle equipment, was in the third place.

Dimara International, established by Mohammed Sharif Al Zarooni 10 years ago, was ranked at 71st place in 2011 and sixth place in 2013.

In 2015, Dubai 100 SME added Corporate Social Responsibility as one of the themes for the first time and increased the weightage for Innovation in classifying the companies.

The number of enrollments in the third cycle increased by 49 percent from 3,041 companies in the second cycle to 4,532 this year.

His Excellency Sami Al Qamzi, Director General of DED, said at the ceremony: “Today, Dubai – because of its global reputation as an entrepreneurial hub – is increasingly becoming a launch-pad for SMEs in vital sectors such as health, education, information technology, logistics, tourism, hospitality and others.

“Many of the enterprises thus launched have also successfully expanded to neighbouring markets in the region. Dubai SME100 continue to inspire many of these emerging companies and their innovations as well as growth,”

Together, the companies enrolled in the third cycle represent net revenues of AED69.5 billion and a workforce of over 144,000.

The service sector represents the lion's share of registrations in the third session with 57 percent while 34.5 percent (1,565) are trading companies and company 8.4 percent (382) are manufacturing firms.

Commenting on the progress of Dubai SME100, Abdul Baset Al Janahi, CEO of Dubai SME, said that 88 companies among the top 100 in 2015 had achieved double-digit revenue growth over the last three years, compared to 81 such companies in the 2013 ranking and 53 in the 2011 cycle.

He said: “Dubai SME has been evaluating the performance of 42 companies that participated in more than one cycle of the ranking and we saw that 98 percent of them were able to achieve revenue growth of up to 33 percent and up to 47 percent growth in profits in the last three years.

“Their net sales grew from AED1.36 billion to AED2.15 billion, with an increase of 158 percent, in the same period their profits increased 187 percent, from of AED 134 million to AED 250 million.

Al Janahi added that these companies had been able to create new jobs and raise the total workforce from 2,332 employees to 3,601 employees, an increase of 154 percent.

The third cycle will see the addition of new capability development trainings and programmes focusing on advisory services, consultancy and training on financial and business management, and on entering new markets.