INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Saudi Aramco only behind Apple in market cap

  • Technology companies have dominated the top five, with four companies being from this sector in the past 10 years.
  • Though primarily owned by the state, the energy giant raised $29.4 billion in an Initial Public Offering in 2019.

Dubai, UAE—Saudi Aramco is the world’s largest oil producer and the world’s most profitable company. Though primarily owned by the state, the energy giant raised $29.4 billion in an Initial Public Offering in 2019.  In September 2022, the market cap of Aramco ($1.99 trillion) was ahead of Microsoft ($1.77 trillion) and only behind Apple ($2.42 trillion) in terms of market capitalization. TRENDS takes a look at the development: