Etisalat ranked UAE's biggest company

Telco’s $19.5bn market capitalisation shoulders out NBAD, DP World

Tags: Emirates Telecommunications Corporation InternationalUnited Arab Emirates
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Etisalat ranked UAE's biggest company Etisalat topped a list dominated by banks and construction firms.
By  Daniel Shane Published  January 7, 2013

UAE telecommunications giant Etisalat has topped Arabian Business's countdown of the Gulf state's largest listed companies.

With a market capitalisation of AED71.78bn (US$19.54bn) at the start of 2013, the firm beat lender National Bank of Abu Dhabi and port operator DP World to come first in the rankings.

Click here to see the full countdown of the UAE's top 50* listed companies

The countdown indexes UAE-based firms listed on the Dubai Financial Market, NASDAQ Dubai and Abu Dhabi Securities Exchange bourses.

This latest list was heavily dominated by banks and construction firms, with six of the top ten firms operating in these sectors.

* All rankings based on companies' market capitalisation on January 2 2012

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