How Abu Dhabi Royal Helped UAE Reach $1 Trillion Market Milestone

Post by: Raman Preet

The United Arab Emirates (UAE) has made a big achievement: for the first time, its stock markets are now worth over $1 trillion. This includes the markets in Abu Dhabi and Dubai. A lot of this growth came from companies connected to Sheikh Tahnoon bin Zayed Al Nahyan, a powerful leader from Abu Dhabi, and from many companies choosing to list their shares in the UAE.

Now, the UAE’s stock markets are valued higher than those in big cities like Milan and Madrid. This places the UAE among the largest markets in emerging countries, just behind nations like India and China. This shows that the UAE is becoming more important in the world’s economy.

One of the reasons for this achievement is Sheikh Tahnoon’s influence. He is the deputy ruler of Abu Dhabi and the national security adviser for the UAE. He manages a business empire worth $1.5 trillion. One of his most successful companies is International Holding Co. (IHC), which has grown into the largest public company in the UAE. IHC, which started as a small fish farming business, is now valued at $250 billion, making up 25% of the total value of the UAE’s stock market. IHC’s value has risen by an incredible 43,000% in the last few years.

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Sheikh Tahnoon also runs First Abu Dhabi Bank (FAB), one of the largest banks in the UAE. FAB is a major part of the stock market in Abu Dhabi. Together with his other companies, Sheikh Tahnoon controls more than half of the value in the UAE stock market index. FAB even tried to buy the UK’s Standard Chartered Bank last year, showing Sheikh Tahnoon’s goal to make the UAE a bigger player in the global economy.

This $1 trillion mark has been an important goal for the UAE’s royal family. They have worked hard to make the UAE a center for global finance. They hope that this achievement will bring more foreign investment and keep local money in the country.

Another factor driving the market’s growth is the rise of large company listings. For example, Lulu International Holdings had the biggest IPO in the UAE this year. More major companies are expected to list their shares in the future, such as Etihad Airways and Talabat, a Middle Eastern food delivery company.

The UAE’s stock market is now part of the MSCI Emerging Markets Index, an important index for investors. The UAE holds 1.2% of the shares in this index, which will bring more global attention to the country’s economy. Since 2021, the UAE and Saudi Arabia have been leading the Gulf region’s IPO boom, showing their efforts to reduce their dependence on oil.

With the UAE’s stock market reaching new highs, the country is positioning itself to become a stronger player in the global financial world. This $1 trillion milestone highlights the UAE’s growing importance on the world stage.

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