10. TAQA Group

Country: U.A.E.
Sector: Utilities
Group CEO and Managing Director: Jasim Husain Thabet
Market Value: $99.5 billion
Sales: $13.6 billion
Profits: $2.2 billion
Assets: $49.4 billion

Established in 2005, TAQA Group became one of the largest integrated utility companies in the EMEA region in 2020 when it merged with the Abu Dhabi Power Corporation (ADPower), taking over most of its power and water generation, transmission, and distribution assets. Today, the group has a presence in 11 countries, including the U.A.E., Canada, Ghana, India, Iraq, Morocco, the Netherlands, Oman, Saudi Arabia, the U.K., and the U.S. In January 2023, TAQA joined ADNOC Distribution to establish a mobility joint venture, E2GO, to build and operate electric vehicle infrastructure in the U.A.E. In February 2023, TAQA Group acquired a 5% stake in ADNOC Gas.