62. Emirates Integrated Telecommunications Company (du)

Country: U.A.E.
Sector: Telecommunications
CEO: Fahad Al Hassawi
Market Value: $6.9 billion
Sales: $3.7 billion
Profits: $454 million
Assets: $4.8 billion

du offers fixed, mobile, wholesale, broadcasting, and associated telecommunication services in the U.A.E. Its mobile customer base grew 5.7% YoY to 8.7 million subscribers as of Q1 2024. In February 2024, du partnered with Amazon Web Services to build a cloud center of excellence and agreed with Microsoft to strengthen cybersecurity standards in the telecom industry. It also launched du Pay in April 2024 in the U.A.E., offering a wide range of digital financial services and payment options, including international money transfers, peer-to-peer transfers, mobile top-ups, and bill payments. Emirates Investment Authority owns over 50.12% of the company.