Top 9 Largest Companies in UAE

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The UAE is considered one of the most vibrant financial markets in the world, with many large companies operating in many fields. Below is a list of the ... read more...

  1. The first company that plays an important role in the development of the UAE is the International Holding Company (IHC). IHC was founded in 1998 to support the UAE's efforts to diversify and grow its non-oil economic sectors. The company spans investments across eight sectors: real estate, agriculture, healthcare, food and beverage, utilities, industrial, IT and media, retail, entertainment, and capital.


    International Holding Company invests in and develops the food and feed supply industry. It works through the following segments: district cooling, contracting and real estate, digital, industrial, food, capital, and others. In particular, the district cooling section consists of district cooling and air conditioning installation, district cooling maintenance, and investment in infrastructure projects. In terms of the contracting and real estate segment, it includes technical, commercial, and contracting services. At the same time, the digital division provides services related to investments in sports companies, institutions, management services, the sale of food and cafeteria products, and movie screenings.


    The industry division deals with purchasing and maintaining military equipment spare components. Additionally, the food division focuses on the general food industry, preparing and packaging food products, and freezing fish and other shellfish. In contrast, the capital segment focuses on brokerage services for securities.


    In 2021, the business purchased 41% of NRTC Holding Company and 60% of Afkar Financial and Property Investment Company. It also owned the Central Tents Company, Boudoir Interiors, and Apex National Investment Company through its subsidiaries. The business has 302 subsidiaries by the end of 2021.


    Industry: Food and Drink
    Founded: 1998
    Headquarters: Abu Dhabi, United Arab Emirates

    Website: https://www.ihcuae.com/

    Screenshot of https://www.ihcuae.com/
    Screenshot of https://www.ihcuae.com/
    International Holding Company

  2. Top 2

    TAQA

    A diversified energy and utility company headquartered in Abu Dhabi, the capital of the United Arab Emirates, TAQA is traded on the bourse in that city under the ticker symbol "TAQA" (ADX: TAQA).


    TAQA has a vital role in developing the Emirate of Abu Dhabi's economic policy as one of the top businesses in Abu Dhabi. Currently, the business has operations in 11 nations spread over four continents. TAQA was founded in June 2005 in accordance with the Emiri Decree 2005 as a public joint stock company, with ADWEA being a founding shareholder and holding 51% of the company's shares.


    TAQA is a fully integrated utility firm with sizeable upstream and midstream oil and gas activities and large water and power generating, transmission, and distribution assets. A key focus of TAQA's investments is partnering with companies involved in power generation, oil and gas production and storage, and domestic desalination. In addition, it invests further in sectors such as mining, metals, and services.


    Until now, TAQA has invested in more than 60 large and small companies globally. Its wholly owned subsidiaries include Takoradi International Company, which runs the Takoradi II Power Plant, Al Shuweihat Power Company, Gulf Power Company, United Arab Emirates Power Company, Taweelah Combined Power Company, Union Electric Company, and TAQA Bratani Co., Ltd. Nowadays, the assets of the business are spread over the countries such as Canada, India, Iraq, Saudi Arabia, United Arab Emirates, Netherlands, United Kingdom, and the United States.


    Industry: Oil and gas exploration and production, pipelines, underground gas storage, power generation, and water desalination

    Founded: 2005
    Headquarters: Abu Dhabi, United Arab Emirates

    Website: https://www.taqa.com/

    Screenshot of  https://www.taqa.com/
    Screenshot of https://www.taqa.com/
    TAQA
  3. Top 3

    Etisalat Group

    The United Arab Emirates-based Emirates Telecommunication Group Company PJSC, doing business as Etisalat of e&, is a worldwide telecommunications service provider serving 16 nations in Asia, the Middle East, and Africa.


    International Aeradio Limited, a British firm, and regional partners formed Etisalat as a joint stock company in 1976. Then, the company's ownership structure changed in 1983 when the United Arab Emirates government acquired a 60% share, and the remaining 40% became publicly listed.


    Etisalat offers broadband Internet service, prepaid and postpaid dial-up Internet access, 3G and 4G mobile Internet access, cloud gaming services in collaboration with Gamestream, and other Internet services for home customers.


    In addition to telecoms service providers and service providers, some additional non-telecommunication business units are included under the supervision of Etisalat Services Holding LLC. These divisions assist in the company's operations and even offer services to other operators and organizations in the United Arab Emirates, including training and consulting, home data removal, peer-to-peer/voice and data transmission, call centers, cable television, facilities management, and underground cable laying.


    By number of subscribers, it ranks as the 18th-largest mobile network provider in the world. With a network rolling out in Dubai in 2017, Etisalat promised to give the world the highest 5G download speeds in December 2020 at 9.1 gigabits per second. Etisalat is considered the fourth-strongest telecom brand in the world and the strongest network brand in the Middle East and Africa.


    Industry: Telecommunications services
    Founded: 2005
    Headquarters: Dubai, United Arab Emirates

    Website: https://www.etisalat.ae/en/index.html

    Screenshot of https://www.etisalat.ae/en/index.html
    Screenshot of https://www.etisalat.ae/en/index.html
    Quest Means Business
  4. Top 4

    First Abu Dhabi Bank

    The largest bank in the United Arab Emirates is First Bank Abu Dhabi (FAB), which was created by the Union of First Gulf Bank (FGB) and the National Bank of Abu Dhabi (NBAD).


    The name First Abu Dhabi Bank (FAB) reflects the roots of the two banks in the region, and the debut of FAB's new brand identity blends the 'Abu Dhabi' and 'First' identities from NBAD and FGB. The bank's logo, which now includes the extended "Awwal" trademark to symbolize expansion and leadership, uses the acronym FAB.


    The bank has offices on all five continents, including Asia Pacific (APAC), Europe, the Americas, the Middle East, and Africa (EAMEA), with its headquarters in Abu Dhabi's Khalifa Business District.


    First Abu Dhabi Bank PJSC is a bank that provides specialized goods, services, and solutions to give its clients a unique experience. It strives to address the banking needs of its clients globally through its market-leading Corporate and Investment banking and Personal Banking franchises, which are part of its strategic services. In addition, First Abu Dhabi Bank PJSC continues to invest in people and technology as part of its mission to put clients first and grow together. This enables it to offer the most streamlined banking experience.


    According to Global Finance, FAB is the top bank in the UAE and the safest bank in the Middle East. The FAB was placed first in the United Arab Emirates, second in the Middle East, and 85th internationally on The Banker's 2020 list of the World's Top 1000 Banks based on Tier 1 capital. In Forbes' annual ranking of the 2000 largest public companies worldwide, FAB is also ranked first in the United Arab Emirates, fourth in the Arab world, and 303rd globally.


    Industry: Banking

    Founded: 2017
    Headquarters: Abu Dhabi, United Arab Emirates

    Website: https://www.bankfab.com/en-ae/personal

    Screenshot of https://www.bankfab.com/en-ae/personal
    Screenshot of https://www.bankfab.com/en-ae/personal
    FAB Connects
  5. Top 5

    Borouge

    Borouge is an Abu Dhabi-based producer of polyolefin solutions and a petrochemical enterprise. The partnership between the Abu Dhabi National Oil Company and the Austrian Borealis was established in 1998 and now employs over 3,100 employees.


    The company has two joint ventures that complement each other: Abu Dhabi Polymers Co Ltd (Borouge), an Abu Dhabi-based manufacturer, and Borouge Pte Ltd, a Singapore-based corporation.


    Supplying polyolefin resins (polyethylene and polypropylene) is Borouge's primary activity. They produce Borealis specialty items, such as accessories, roadways tubes, healthcare and cellular equipment, wires and cables, and packaging, in Abu Dhabi, United Arab Emirates, emphasizing differentiating high-end applications in the Middle East, Asia Pacific, and Africa. Additionally, consumer solutions like greenhouse membranes and infrastructure solutions like power transmission cables are the two primary product areas for Borouge's polymer solutions.


    Borouge's Borouge 3 expansion plant was successfully commissioned in 2014, boosting the company's annual capacity to 4.5 million tonnes of polyethylene and polypropylene and establishing Borouge's Ruwais, UAE, facility as the biggest integrated polyolefins complex in the world.

    Borouge
    has increased the size of its Middle Eastern and Asian commercial and logistical networks, built a premier innovation center in Abu Dhabi, and enlarged its application center in Shanghai. In addition, Borouge is committed to the sustainability principles of the chemical industry's Global Charter for Responsive Care®. Borouge ensures its clients receive unique goods with increased supply dependability across the whole value chain by focusing on its objective, "value creation through people and innovation."


    Industry: manufacturing polyolefins

    Founded: 1998
    Headquarters: Abu Dhabi, UAE
    Website: https://www.borouge.com

    Screenshot of https://www.borouge.com/en/Pages/home.aspx
    Screenshot of https://www.borouge.com/en/Pages/home.aspx
    Borouge
  6. Abu Dhabi Commercial Bank PJSC, sometimes called ADCB, is a financial institution in the United Arab Emirates. According to the size of its balance sheet, ADCB is the third-largest bank in the UAE and provides various retail and commercial banking services to its customers.


    Following a merger between the 1975-founded Emirates Commercial Bank, Federal Commercial Bank, and Khaleej Commercial Bank, Abu Dhabi Commercial Bank (ADCB) was created in 1985 as a public joint stock company with limited liability. 62.52% of the shares of ADCB are held by the Abu Dhabi government through the Abu Dhabi Investment Council (ADIC), with the remaining shares being held by various businesses and individuals.


    The bank is a publicly traded joint stock business headquartered in the United Arab Emirates. ADCB offers retail, commercial, investment, merchant, brokerage, and fund management services through its network, with one branch in the United Kingdom and 48 branches in the United Arab Emirates.


    ADCB's ambitions to become the preferred digital bank in the UAE are fueled by the strength and efficacy of its strategy, which is centered on the UAE, and significantly contributes to the economy and the communities it serves. ADCB has developed into a well-known brand that stakeholders can rely on because the principles of Integrity, Care, Ambition, Respect, and Discipline drive it. As a result, ADCB Group will soon become the fifth largest bank in the region, with approximately 1 million customers.


    Industry: Banking
    Founded: 1985
    Headquarters: Abu Dhabi, United Arab Emirates

    Website: https://www.adcb.com/en/

    Screenshot of https://www.adcb.com/en/personal/
    Screenshot of https://www.adcb.com/en/personal/
    ADCB
  7. Top 7

    ADNOC Drilling Company

    The State Oil Company of the United Arab Emirates (UAE) is the Abu Dhabi National Oil Company or ADNOC.


    According to the output, it ranks as the world's 12th largest oil corporation. In the 1990s, ADNOC's production remained unchanged at about 2.5 million barrels per day. The 2008 figure was 2.9 mbpd. The business expects to boost its oil production capacity to 5 million bpd by 2030 from its current capacity of around 4 million bpd as of 2021. Additionally, it is the biggest oil company in the UAE.


    Regarding both reserves and output, ADNOC is among the biggest energy firms in the world. ADNOC has 16 subsidiaries in the upstream, midstream, and downstream stages of production. ADNOC also develops onshore and offshore gas fields and operates two refineries, Ruwais, and Umm Al Nar. In addition to supplying supplies for the neighborhood's water and power providers, ADNOC also exports liquefied natural gas (LNG) to other domestic sectors, including petrochemical factories and replenishing reservoirs.


    As demands for output reduction due to climate change increase, ADNOC is one of the few oil companies in the world to invest significantly in boosting oil production. This is important as oil and gas power the global economy and prevents premature investment cuts due to oil and natural gas price shocks. ADNOC intends to produce substantial amounts of hydrogen fuel as a clean energy source to replace petroleum exports to adjust to climate demands.


    Industry: Oil and gas
    Founded: 1971
    Headquarters: Abu Dhabi, United Arab Emirates

    Website: https://adnocdrilling.ae/

    Screenshot of https://adnocdrilling.ae/
    Screenshot of https://adnocdrilling.ae/
    ADNOC Group
  8. Top 8

    Al Dar Properties

    Real estate development, management, and investment firm Aldar Properties PJSC has its headquarters in Abu Dhabi, United Arab Emirates. The Abu Dhabi Stock Exchange is where the company's shares are traded.


    Aldar was founded on January 12, 2004. However, the global financial crisis struck Aldar hard in 2010, which resulted in a sharp decline in property values and left the corporation heavily indebted. In response, the government of Abu Dhabi stepped in with a $10 billion rescue plan that included buying part of Aldar's assets. Since that time, Aldar has recovered and emerged as one of the UAE's top real estate developers. The firm has finished many well-known projects, such as the Abu Dhabi World Trade Center, a mixed-use building including office space, a hotel, and residential flats, and Gate Buildings, a trio of residential buildings on Reem Island in Abu Dhabi.


    Aldar has recently concentrated on creating eco-friendly and sustainable developments, such as constructing Mamsha Al Saadiyat. This residential seaside community was planned with a strong emphasis on sustainability. With a portfolio of projects, including residential communities, commercial structures, and hotel developments, Aldar Properties is still significantly developing Abu Dhabi and the United Arab Emirates today.


    Aldar Properties has always been focused on maintaining an extensive diversified portfolio of properties, including furniture, semi-furnished & unfurnished, and on committing to providing customers with good quality and affordable amenities. As experts in the real estate field with a highly trained staff, the company provides clients with clear professional advice to help them easily navigate and enjoy the best living experience.


    Industry: Real estate
    Founded: 12 January 2004
    Headquarters: Abu Dhabi, UAE

    Website: https://propertyforall.ae/

    Screenshot of https://propertyforall.ae/
    Screenshot of https://propertyforall.ae/
    ALDAR
  9. An Islamic bank headquartered in Abu Dhabi, United Arab Emirates, is known as Abu Dhabi Islamic Bank PJSC (ADIB). It is considered one of the largest companies in the UAE.

    Amiri Decree No. 9 1997 authorized the establishment of Abu Dhabi Islamic Bank as a public joint stock company on May 20, 1997. The Bank began conducting business on November 11, 1997, and was formally launched on April 18, 1999. All agreements, activities, and transactions are carried out in line with Islamic Shari'a law.

    The equity of Abu Dhabi Islamic Bank is held by its founders to the tune of 29%, with about 100,000 shareholders holding the remaining 71%. The Abu Dhabi Investment Agency (ADIA) and eminent United Arab Emirates residents are among the initial shareholders of ADIB.


    ADIB is a full-service financial service company that provides banking solutions for private customers, businesses, and wealthy clients. In addition, ADIB also offers brokerage, property management, payments, and insurance services in more than 60 outlets. As one of the largest distribution networks in the UAE, the bank provides world-class digital banking services and a highly personalized experience to more than 1 million customers.


    A renowned Islamic bank with its headquarters and stock exchange listing in Abu Dhabi, Abu Dhabi Islamic Bank strives to be a dependable partner for its clients, associates, and community. With assets totaling USD 34 billion, ADIB has shown a sustained growth history over the previous 20 years.


    Industry: Banking

    Founded: 20 May 1997
    Headquarters: Abu Dhabi, United Arab Emirates

    Website: https://www.adib.ae/en/

    Screenshot of https://www.adib.ae/en/
    Screenshot of https://www.adib.ae/en/
    Sarajevo Business Forum



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