Working in the UAE can be a remarkable experience for anyone especially when the organization ranks in the top 10 companies in UAE. By market capitalization most of the companies in UAE have remained their same positions in 2018. Abu Dhabi’s ADNOC Distribution is the only new entrant. Here is a list of the top 10 companies in UAE by market cap, listed by Reuters Eikon and Markaz Research.
First Abu Dhabi Bank – Highest Market Cap
Headquartered in Abu Dhabi in Business Park, Khalifa Park, the bank’s international network spans 19 countries across the world, providing the global relationships, expertise and financial strength to support local, regional and international businesses seeking to do business at home and abroad. The National Bank of Abu Dhabi provides corporate, retail, private, investment and Islamic banking services. The company operates its business through the following segments: Global Wholesale, Global Wealth, Global Retail & Commercial and Head Office.
Top 10 Companies in UAE by Market Cap
- First Abu Dhabi Bank
Market capitalization: $43.62bn
Sector: Banking and Financial Services
Change in ranking: 1
- Emirates Telecommunications Group Co
Market capitalization: $38.36bn
Sector: Telecommunication
Change in ranking: -2
- DP World Ltd
Market capitalization: $16.89bn
Sector: Transportation
Change in ranking: -1
- Emirates Islamic Bank
Market capitalization: $14.79bn
Sector: Banking and investment services
Change in ranking: 5
- Emirates NBD Bank
Market capitalization: $13.88bn
Sector: Banking and investment services
Change in ranking: 1
- Abu Dhabi Commercial Bank
Market capitalization: $11.11bn
Sector: Banking and investment services
Change in ranking: 1
- Emaar Properties
Market capitalization: $9.63bn
Sector: Real estate
Change in ranking: -12
- Dubai Islamic Bank
Market capitalization: $9.37bn
Sector: Banking and investment services
Change in ranking: 3
- Abu Dhabi National Oil Company for Distribution
Market capitalization: $8.34bn
Sector: Energy – Fossil Fuels
Change in ranking: NA
- Emaar Malls
Market capitalization: $6.87bn
Sector: Real estate
Change in ranking: -3
In UAE, the GCC has a good year so far owing to widespread diversification and socio-economic developments. The second half of 2018 started on a positive note for GCC stock markets, with major banks in the region posting solid growth in earnings for Q2, with their profitability boosted by rising interest rates, an uptick in economic activity and increased government spending. Based on market performance, the Abu Dhabi Index stood out with registered gains (year to date) of 12.9 per cent, although Dubai’s index was down 17.7 per cent – largely led by declines in real estate stocks.
