The UAE’s top investment companies presence on the list of Forbes’ top 100 companies in the Middle East reflects the maturity of the UAE economy.
As per Forbes, the UAE dominated 2023 list of top 100 companies in the Middle East with the following four investment companies,,,
First: “Mubadala Investment Company (MIC)” took the fifth ranking in the Middle East
With a market value of $235.9 billion and total assets of $62.1 billion.
With a market value of $235.9 billion and total assets of $62.1 billion.
Second:“Alpha Dhabi Holding (ADH)” took the 13th ranking in the Middle East.
With a market value of $59.9 billion and total assets of $35.7 billion.
With a market value of $59.9 billion and total assets of $35.7 billion.
Mentioning that ADH owns more than 150 subsidiary companies in healthcare, renewable energy, petrochemicals, real estate, construction, and hospitality.
Third: “Dubai Investments” took the 82nd ranking in the Middle East.
With a market value of $2.8 billion and total assets of $5.6 billion.
With a market value of $2.8 billion and total assets of $5.6 billion.
Moreover, the company invests in global markets in various sectors such as real estate, healthcare, education, finance, industry, and retail.
Also, it has more than 34 subsidiary companies.
“Dubai Investments signed a deal to sell 50% of the shares of “Emirates District Cooling” to “Actis Capital” for $1 billion in April 2022.
In January 2023, the company acquired 9% of the shares of the English “Monument Bank” and is the main contributor with a stake of 11.5%.
Fourth: “Multiply Group” took the 84th ranking on Forbes’ list.
With a market value of $10.2 billion and total assets of $11.2 billion.
With a market value of $10.2 billion and total assets of $11.2 billion.
The presence of the UAE investment companies on Forbes list is a testament to the country’s success in enabling businesses.
It also reflects the UAE government’s commitment to achieving economic diversification and expanding investment in different sectors, and enhancing the UAE’s position as a center for international investment and trade.
