Etisalat, a leading telecommunications operator in Middle East, Africa and Asia, has been recognised by Forbes Middle East as the number one telecommunication company in the Arab World.

The award was presented at the third edition of the event attended by VIP guests, including management business leaders and corporate decision makers, said a statement.

Forbes Middle East also unveiled its latest rankings of the ‘Top Companies in the Arab World 2015.’

Etisalat was ranked as the number one telecommunications company and number three overall in its business rankings of the top 200 companies in the Arab World.

Khuloud Al Omian, editor-in-chief, Forbes Middle East, said: “It is a well-deserved win for Etisalat, a company that has made significant contributions to the development of telecommunications infrastructure across the region and beyond. Etisalat has maintained outstanding performance, with a market capitalisation of more than $26 billion and latest annual consolidated revenue of $13.3 billion.

“It has developed a strong business portfolio in 19 markets across the Middle East, Africa and Asia. Throughout its long history Etisalat has consistently added to long list of achievements in enabling the communities it serves and pioneering technology innovations in the region.” - TradeArabia News Service