In Pictures: UAE dominates top 100 profitable companies in Fortune 500 Arabia list

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In Pictures: UAE dominates top 100 profitable companies in Fortune 500 Arabia list

The total revenues of the companies listed amounted to approximately $1.6 trillion

Published: November 01, 2023 11:06 Nivetha Dayanand, Web Editor

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Opening of Expo City Dubai gallery — Fortune Arabia has released the Fortune 500 Arabia list, which ranks the 500 largest corporations in the Arab region based on their annual revenues. Image Credit: Ahmed Ramzan/ Gulf News

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Stock - Saudi economy / Riyadh skyline — This new list represents a significant moment in the Arab business world and emphasizes transparency, integrity, and market influence. Image Credit: Bloomberg

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Stock - Saudi Economy / Riyadh / Saudi PMI — The list is based on reported and verified revenues, with a total revenue of approximately $1.6 trillion and net profits of $343 billion US dollars for the companies listed in 2022. Image Credit: Bloomberg

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Stock - Dubai skyline / Dubai property / property market / Dubai — The UAE is home to the headquarters of 87 Fortune 500 Arabia companies, accounting for about 17% of the list, generating $254.87 billion in 2022, ranking second after Saudi Arabia. Image Credit: Bloomberg

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Why are UAE companies delaying 2018 results — UAE companies had the highest number of employees, totaling 681,390, accounting for 17.4% of the companies on the list, surpassing Saudi companies with 548,625 employees. Image Credit: Gulf News

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NATIONAL-DAY_AD_ABDUL2-(Read-Only) — The UAE is second in terms of the number of companies on the list, following Saudi Arabia's 153 companies. Image Credit: Abdul Rahman/Gulf News

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PIC 9-1667469417136 — Female leaders from the UAE and Morocco prominently featured in Fortune 500 Arabia companies, each accounting for 20% of the female leadership on the list. Image Credit:

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Hana Al Rostamani : Group CEO First Abu Dhabi Bank (FAB) — The list of women CEOs included 15 leaders, with the CEO of First Abu Dhabi Bank (FAB), Emirati Hana Al Rostamani, ranking 20th on the Fortune 500 Arabia list. Image Credit: Supplied picture

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STOCK DIFC — In terms of net profits on the Fortune 500 Arabia list, UAE companies ranked third with $49.29 billion, making up 14.36% of the total profits of the 500 companies. Image Credit: Supplied

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Stock - Tadawul / Saudi markets — More than 150 companies on the Fortune 500 Arabia list had revenues exceeding $1 billion, including 23 privately-held companies. Image Credit: Bloomberg

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