The UAE is now bigger than most emerging markets, except for India and China, according to Bloomberg data.

For the first time, UAE-listed stocks have topped AED 1 trillion!

All thanks to a surge in companies linked to H.H Sheikh Tahnoon bin Zayed Al Nahyan, which make up over a third of the total value.

 

View this post on Instagram

 

Recommended

Bollywood Star Shraddha Kapoor Is Now Obsessed With Arabic Gahwa!Sheikh Khaled And Sheikh Hamdan Attended F1 Race Day!Abu Dhabi Police Awarded 53 Traffic-Committed Drivers!

A post shared by Lovin Dubai | لوڤن دبي (@lovindubai)

Sheikh Tahnoon, one of Abu Dhabi’s deputy rulers and a powerful businessman, leads a USD 1.5 trillion empire, including International Holding Co (IHC). Over the past few years, IHC’s value has increased by 43,000%.

Now it’s worth nearly AED 250 billion— about a quarter of the UAE’s total market value!

Once a fish-farming company, IHC has shifted focus to diversify the UAE economy beyond oil. It now invests in various businesses, including Rihanna’s lingerie line, Elon Musk’s SpaceX and Aldar Properties.

Sheikh Tahnoon is also chairman of First Abu Dhabi Bank, which considered buying Standard Chartered in 2023. Together, IHC and the bank make up over 50% of Abu Dhabi’s stock index!

Watch The Lovin Abu Dhabi Show:

Get the latest Abu Dhabi news direct to your phone RN! Download The Lovin app for free RIGHT HERE. Get the latest trending stories to your phone on the App Store & Play Store.