The United Arab Emirates (UAE) has emerged as a key player on the Forbes Middle East’s Top 100 Listed Companies, with the highest number of representative investment companies from the nation.
Topping the UAE’s contributions to the list are four companies: International Holding Company (IHC), Alpha Dhabi Holding PJSC, Dubai Investments, and Multiplay Group.
The International Holding Company (IHC), achieved regional recognition, securing the fifth spot on the list. It reported a market value of $235.9 billion and a formidable asset portfolio worth $62.1 billion.
The 13th regional position was clinched by Alpha Dhabi Holding, boasting a market value of $59.9 billion and a total asset pool of $35.7 billion. Alpha Dhabi’s corporate umbrella encompasses over 150 subsidiary companies spanning sectors such as healthcare, renewable energy, petrochemicals, real estate, construction, and hospitality.
Meanwhile, Dubai Investments secured the 82nd regional position with a market value of $2.8 billion and total assets amounting to $5.6 billion.
The company has a diverse portfolio, investing in global markets across sectors including real estate, healthcare, education, finance, industry, and retail. It boasts over 34 subsidiary companies. In April 2022, Dubai Investment executed a deal to sell 50% of its shares in Emirates District Cooling to Actis for $1 billion. In January 2023, it broadened its portfolio further, acquiring a 9% stake in UK-based MoneyNet Bank, making it the bank’s principal shareholder with an overall stake of 11.5%.
Finally, Multiplay Group ranked 84th on Forbes’ list, demonstrating a market value of $10.2 billion and total assets of $11.2 billion.
