The UAE’s top 20 publicly listed companies have collectively reached a staggering market capitalization of AED 2.79 trillion ($762.32 billion), accounting for 77.6% of the nation’s total market value of AED 3.59 trillion. This surge underscores the dominance of these key players in the local stock exchanges, with further growth anticipated as the UAE pursues plans to double its market value to AED 6 trillion in the coming years.
International Holding Company (IHC) leads the pack with a market capitalization exceeding AED 912.29 billion, representing 25.4% of the total market value. Trailing behind is Abu Dhabi National Energy Company (Taqa), valued at over AED 296.8 billion (8.25%), followed by ADNOC Gas L.C., with a market cap of approximately AED 240.2 billion (6.7%).
Etisalat by e& holds a market value of AED 161.5 billion (4.5%), followed by First Abu Dhabi Bank (FAB) at AED 147.6 billion (4.1%), Emirates NBD at AED 127.9 billion, and Dubai Electricity and Water Authority (DEWA) at AED 119 billion.
Additional contributors to the robust market capitalization include Borouge (AED 77.8 billion), Emaar Properties (AED 77.6 billion), ADNOC Drilling (AED 74.2 billion), Abu Dhabi Commercial Bank (AED 63.7 billion), and Aldar Properties (AED 59.6 billion). Other notable players include Q Holding (AED 51 billion), Abu Dhabi Islamic Bank (AED 47.6 billion), ADNOC Distribution (AED 45.6 billion), Dubai Islamic Bank (AED 44.7 billion), Mashreq (AED 42.7 billion), PureHealth (AED 41 billion), and ADNOC Logistics and Services (AED 40.5 billion).
This market consolidation showcases the strength of UAE’s leading companies, positioning the region as a powerhouse for future financial growth and investment opportunities.
