63. Emirates Integrated Telecommunications Company (du)

Country: U.A.E.
Sector: Telecommunications
CEO: Fahad Al Hassawi
Market Value: $6.2 billion
Sales: $3.5 billion
Profits: $332 million
Assets: $4.5 billion

du’s mobile phone subscriber base increased by 9.4% in Q1 2023, hitting 8.2 million customers. Since its establishment in 2005, du’s key activities are offering mobile and fixed services, broadband connectivity, and IPTV services to people, homes, and businesses across the U.A.E. Emirates Investment Authority is the company’s biggest shareholder, with a 50.1% stake. In 2023, du agreed with Omantel to link Oman and the U.A.E. through a newly activated 275km international fiber optic submarine cable. The company cooperated with e& to deliver telecommunications infrastructure for Aldar Properties’ major projects as part of the Taawun infrastructure deployment initiative.