- Etisalat Group the most admired telecom operator in the GCC featured in the list
Arabian Business revealed its first list of the Most Admired Companies in the GCC’ comprising of top businesses across various industry sectors who have made significant investments in innovation laying the foundational steps in the journey towards digital transformation while at the same time reflecting positively in their business performance amid today’s global economic challenges.
The ‘Most Admired Companies in the GCC’ were recognised based on the strong commitment showcased by such businesses in making bold decisions required to respond to the new economic landscape at the same time focusing on innovation.
The top companies that made it to the list are from various sectors across GCC mainly including hospitality, infrastructure, banking, telecom, technology, property developers, chemical, advertising, online businesses and food and beverage.
Etisalat Group was named the most admired telecom company in the GCC, as it was recently named the most valuable telecoms brand in the Middle East by ‘Brand Finance.’ The group’s portfolio is valued at $7.73bn, according to Brand Finance’s annual ranking.
Etisalat has admirably transformed to a comprehensive digital and ICT provider meeting the growing challenges in the business while engaging in mega digital transformation projects in the region.
Listed on the Abu Dhabi bourse, Etisalat’s current market cap is over AED 152 billion (42 billion USD). With reported net revenues of AED 52.4 billion and net profit of AED 8.4 billion for 2016. The company also enjoys high credit ratings at AA-/Aa3 reflected the company’s strong balance sheet and proven long-term performance.