Last Updated on September 25, 2024
The United Arab Emirates (UAE) serves as a key hub for the regional headquarters of major multinational corporations. While international companies thrive in the nation, local companies proudly claim the title of big companies in the UAE. The selection of these companies is based on their size, revenue, and workforce.
Among the top companies in the UAE, financial institutions, including both government-owned and private entities, hold a prominent position. Here are some of the significant players in the UAE business scene:
1. Etisalat:
- A government-owned telecommunications enterprise with a market capitalization of AED 329 billion.
- Operating for over 47 years, Etisalat extends its reach across the Middle East, Africa, and Asia.
- Boasting a workforce of over 40,000 employees representing 81 nationalities across 16 countries. website
2. National Bank of Abu Dhabi (NBAD):
- The second-largest company in the UAE and a leading financial institution.
- Offers diverse financial services across five continents and 17 countries, with a workforce exceeding 20,000 employees. website
3. Abu Dhabi Commercial Bank (ADCB):
- A major commercial bank with over 7,000 employees and 56 branches in the UAE.
- The government of Abu Dhabi holds a significant 62 percent of its shares.
4. Emirates NBD:
- Dubai government’s holding bank with total assets of AED 836 billion as of September 2023.
- Serving over 16 million customers in 13 countries with a global workforce of 30,000 individuals.
5. TAQA (Abu Dhabi National Energy Company):
- The leading energy entity in the UAE, primarily owned by the Abu Dhabi government.
- Operations span 11 countries across four continents, engaging in energy production, distribution, and exploration.
6. EMAAR:
- A prominent real estate development company specializing in property, retail complexes, and hospitality facilities.
- Notable for its role in the construction of the Burj Khalifa, the world’s tallest tower.
7. Abu Dhabi Islamic Bank (ADIB):
- A significant commercial bank in the UAE, with assets reaching USD 39 billion in 2023.
- Extends operations internationally to countries such as Egypt, KSA, the UK, Qatar, Sudan, and Iraq.
8. Mashreq:
- Established in 1967, one of the longest-standing banks in the Middle East, with a presence in 13 countries.
- Offers a broad range of banking solutions, particularly focusing on the Gulf region.
9. Aldar Properties PJSC:
- A leading real estate investment and development firm in Abu Dhabi.
10. RAK Bank:
- The premier commercial bank in the UAE, established by the government of Ras Al Khaimah.
- A prominent retail and business bank with total assets of AED 52.8 billion.
11. Dubai Islamic Bank (DIB):
- Established in 1975, the first bank globally to fully incorporate Islamic principles in all practices.
- Total capital reported as 31.33 million as of 2023.
12. Commercial Bank of Dubai (CBD):
- A full-fledged financial institution headquartered in Dubai, with total capital exceeding $23 billion in 2023.
13. Dana Gas:
- A publicly traded natural gas company based in Sharjah, involved in the exploration, production, and marketing of hydrocarbons.
14. Changlin Company:
- A Chinese company producing heavy construction machinery, with a significant assembly hub in the UAE.
15. National Bank of Fujairah (NBF):
- A fully commercial banking corporation based in Fujairah, offering a range of financial services.
These 15 big companies in UAE, have contributed significantly to the UAE’s economic growth and provide substantial employment opportunities locally and globally.
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