Alabate excludes Apple from the list of the world's largest companies

Arab Network

Google's parent company, AlphaBate, has become the largest holding company in the world, after Apple has been holding the rating for a decade.

Apple's cash flow reached $ 102 billion at the end of the first half of this year, up from $ 162 billion at the end of 2017.

During the first half of this year, Alfabit 's financial reserves were $ 117 billion, up 20 billion dirhams over the same period last year.

While Alfabet is on the throne of the world's richest cash companies, the company is currently facing many crises. After paying a fine of 8.2 billion euros to the EU over the last two years for monopoly issues, the US government is currently reviewing the company.

Alphabit reserves its cash to enter new markets and not to distribute them to shareholders by buying treasury shares or cash dividends to shareholders, as Apple did.