Revealed: Top 10 companies in the UAE in 2018

      Published on Tuesday, 27 November , 2018      103 Views      Comments Add Comment
Revealed: Top 10 companies in the UAE in 2018

  • Business

The GCC has a good year so far, on the back of widespread diversification and socio-economic developments.



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.

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.

In the UAE, most of the 10 companies by market capitalisation have remained the same, with Abu Dhabi’s ADNOC Distribution the only new entrant.

However, the ranking order has changed, with the biggest change seen by Dubai’s Emaar Properties, which fell by 12 spots in the wider Gulf Business Top 100 GCC Companies list.

TOP 10 UAE COMPANIES BY MARKET CAP
(By market capitalisation as of September 11, 2018. Source: Reuters Eikon, Markaz Research)

1. First Abu Dhabi Bank

Market capitalisation: $43.62bn
Sector: Banking and Financial Services
Change in ranking: 1

2. Emirates Telecommunications Group Co

Market capitalisation: $38.36bn
Sector: Telecommunication
Change in ranking: -2

3. DP World Ltd

Market capitalisation: $16.89bn
Sector: Transportation
Change in ranking: -1

4. Emirates Islamic Bank

Market capitalisation: $14.79bn
Sector: Banking and investment services
Change in ranking: 5

5. Emirates NBD Bank

Market capitalisation: $13.88bn
Sector: Banking and investment services
Change in ranking: 1

6. Abu Dhabi Commercial Bank

Market capitalisation: $11.11bn
Sector: Banking and investment services
Change in ranking: 1

7. Emaar Properties

Market capitalisation: $9.63bn
Sector: Real estate
Change in ranking: -12

8. Dubai Islamic Bank

Market capitalisation: $9.37bn
Sector: Banking and investment services
Change in ranking: 3

9. Abu Dhabi National Oil Company for Distribution

Market capitalisation: $8.34bn
Sector: Energy – Fossil Fuels
Change in ranking: NA

10. Emaar Malls



Market capitalisation: $6.87bn
Sector: Real estate
Change in ranking: -3

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Category Business | 2018/11/27 latest update at 6:10 PM
Source : Gulf Business | Photocredit : Google
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