Top 100 Companies in the Middle East 2021

SR.No: 51

Emirates Integrated Telecommunications Company (du)

Sector: Telecommunications

Date of Establishment: 2006
Country: U.A.E
Acting CEO: Fahad Al Hassawi

Sales: $3 billion

Profits: $393 million

Assets: $4.3 billion

Market Value: $8.1 billion

du has a foreign ownership of 0.82%, but in February 2021 the telecom operator raised its foreign ownership limit to 49%. In May 2021, the company signed long-term financing agreements with a group of banks worth over $1 billion to support its future operations. Last year, du created an e-Shop for U.A.E. SMEs to support digital transformation.