These 9 UAE companies rank among the world's Top 2,000

Dubai - First Abu Dhabi Bank, the largest lender in the country, is ranked first in the UAE, fourth in the Arab world and 303rd globally.

Nine UAE firms have made it to the list of the world's top 2,000 companies, becoming the second most represented regional country on the Forbes Global 2000.

Out of nine entities, six of them are commercial and Islamic banks of the UAE, according to Forbes.

The local companies have total assets and market value of $769 billion (Dh2.82 trillion) and $127 billion (Dh466 billion), respectively.

First Abu Dhabi Bank, the largest lender in the country, is ranked first in the UAE, fourth in the Arab world and 303rd globally with assets of $227.4 billion and market value of $34.4 billion, followed by Emirates NBD with $188.3 billion assets and $14.8 billion market value. The Dubai-based lender was ranked 358th globally.

Telecom major Etisalat was ranked third with $35.4 billion assets and $36.7 billion market value, followed by DP World with $34.1 billion assets and $13.3 billion market value, Abu Dhabi Commercial Bank with $110.3 billion assets and $8.4 billion market value, and Dubai Islamic Bank with $63.1 billion assets and $7.2 billion market value.

Emaar Properties is the only real estate firm from the UAE to be ranked in the list with $31.8 billion assets and $5.3 billion market value.

Abu Dhabi Islamic Bank and Mashreq Bank are the last two local companies with assets worth $34.3 billion and $44.3 billion. The two banks boast $3.6 billion market value and $3.3 billion, respectively.

In the region, Saudi Arabia is the most represented country with 14 companies. Aramco lead with $1.6 trillion market value, becoming the most valuable firm worldwide. Qatar and Kuwait has six and three entries, respectively.

waheedabbas@khaleejtimes.com