The Middle East's

Top 100 Listed
Companies 2022

98. Air Arabia*

Country: U.A.E.

Sector: Aviation

Group CEO: Adel Abdullah Ali

Market Value: $2.7 billion

Sales: $864 million

Profits: $196 million

Assets: $3.6 billion

Air Arabia’s fleet is comprised entirely of Airbus A320 and A321 aircraft. In 2021, the company added 44 new routes across its five hubs in the U.A.E., Morocco, and Egypt. Sharjah Asset Management Company is the largest shareholder in the company, with 18.6% of shares, followed by the Al Maha Holding Company with 9.2%. The company recovered from a loss of $52.3 million in 2020 to a net profit of $196.2 million in 2021.