THE MIDDLE EAST’S

89. Air Arabia
Country: U.A.E.
Sector: Aviation
CEO: Adel Abdullah Ali
Market Value: $4.2 billion
Sales: $1.8 billion
Profits: $400 million
Assets: $4.2 billion
Air Arabia operates a fleet of 83 Airbus A320 and A321 aircraft in the Middle East, Africa, Asia, and Europe. In Q1 2025, it added seven new routes to its global network, bringing total destinations to 217 across all operating hubs, while the seat capacity grew by 11% compared to Q1 2024. Air Arabia served more than 18.8 million passengers in 2024, a 12% surge compared to 2023.