Axiom Telecom rang up revenues of Dh8 billion (US$2.17bn) last year, a 9.5 per cent increase from the previous year amid aggressive expansion plans with the launch of 30 stores.
The mobile-phone retailer said its market share in the Emirates stood at 71 per cent, because of its "ability to debut must-have devices ahead of competition", including products such as the Samsung Galaxy SIII and Samsung Galaxy Note II, the iPad Mini, iPad4 and iPhone5, along with the launch of the Nokia Lumia 920.
"Axiom Telecom is a true UAE business success story, and our growth is entirely down to an intimate understanding of customer needs, as well as an ability to meet, and indeed surpass, expectations at every turn," said Faisal Al Bannai, the chief executive.
Two years ago, Axiom abandoned a planned listing on the Nasdaq Dubai at the 11th hour, citing "market conditions and liquidity concerns".
The company had set a share price range of between $0.80 and $1.15. The initial public offering was heralded as a catalyst for investor interest in the bourse and the return of desperately needed liquidity.
Axiom was reported to have then looked at London as an alternative, but no plans have been announced since.
The retailer has a strong presence in the Arabian Gulf, with more than 3,700 points of sale.
