2018-06-18 @ 09:34:00

Top 100 Listed Companies In The Arab World 2018

With oil prices recovering steadily, it has been a good year for businesses across the region. After having bounced back from its lows in 2015 and 2016, crude prices are hovering close to the $80 per barrel mark. Global growth too has been robust and the increase in interest rates has improved margins for banks.

Stock market performance is often seen as a barometer of an economy and most of the region’s bourses have seen increases in their indices last year. Tadawul, the stock market of the Middle East’s biggest economy, has seen a growth of over 10% year to date. Some of the key reforms that most governments in the region are trying to implement are to reduce the reliance on the government and promote private companies. Factoring these into our calculations, Forbes Middle East presents the Top Companies in The Arab World 2018.

Companies in the region have seen significant growth with all four metrics that we track—namely revenues, profits, market value and total assets—seeing steady growth. Total assets of the top 100 listed companies have increased by $200 billion to $2.9 trillion. Saudi Arabia tops the list, with nearly a third of the Top 100 Companies listed on Tadawul. Over half of the top companies in the list are banks.

 

ImageRankCompany nameCountrySectorRevenuesProfitAssetsMarket Value

1

SABIC

Saudi Arabia

Industrials

$ 40.7 B

$ 4.9 B

$ 86 B

$ 93.9 B

2

QNB

Qatar

Banks and Financial Services

$ 13 B

$ 3.6 B

$ 222 B

$ 39.3 B

3

First Abu Dhabi Bank

U.A.E.

Banks and Financial Services

$ 7.3 B

$ 3 B

$ 182 B

$ 34 B

4

National Commercial Bank

Saudi Arabia

Banks and Financial Services

$ 9.6 B

$ 2.6 B

$ 118 B

$ 37.8 B

5

Saudi Electricity

Saudi Arabia

Utilities and Energy

$ 15.5 B

$ 1.8 B

$ 119 B

$ 23.3 B

6

Al Rajhi Bank

Saudi Arabia

Banks and Financial Services

$ 4.2 B

$ 2.4 B

$ 91.4 B

$ 35.7 B

7

Etisalat

U.A.E.

Telecommunication

$ 14.1 B

$ 2.7 B

$ 34.9 B

$ 37.7 B

8

Emirates NBD

U.A.E.

Banks and Financial Services

$ 6 B

$ 2.3 B

$ 128 B

$ 15 B

9

Saudi Telecom

Saudi Arabia

Telecommunication

$ 13.5 B

$ 2.7 B

$ 28.8 B

$ 44.1 B

10

National Bank of Kuwait

Kuwait

Banks and Financial Services

$ 3.6 B

$ 1.1 B

$ 86.2 B

$ 15.2 B

11

Emaar Properties

U.A.E.

Real estate and Construction

$ 5.1 B

$ 1.8 B

$ 30.7 B

$ 11.8 B

12

Abu Dhabi Commercial Bank

U.A.E.

Banks and Financial Services

$ 3.3 B

$ 1.2 B

$ 72.2 B

$ 9.4 B

13

Samba Financial Group

Saudi Arabia

Banks and Financial Services

$ 2.4 B

$ 1.3 B

$ 60.7 B

$ 15.3 B

14

DP World

U.A.E.

Logistics

$ 4.7 B

$ 1.3 B

$ 23.1 B

$ 18.3 B

15

Riyad Bank

Saudi Arabia

Banks and Financial Services

$ 2.6 B

$ 1.1 B

$ 57.7 B

$ 11.8 B

16

Kuwait Finance House

Kuwait

Banks and Financial Services

$ 3.2 B

$ 708 M

$ 57.5 B

$ 10.9 B

17

Attijariwafa Bank

Morocco

Banks and Financial Services

$ 3.8 B

$ 572 M

$ 50.4 B

$ 10.3 B

18

Dubai Islamic Bank

U.A.E.

Banks and Financial Services

$ 2.8 B

$ 1.2 B

$ 56.4 B

$ 8.3 B

19

Saudi British Bank

Saudi Arabia

Banks and Financial Services

$ 2.2 B

$ 1.1 B

$ 50 B

$ 12.4 B

20

Banque Saudi Fransi

Saudi Arabia

Banks and Financial Services

$ 2.3 B

$ 941 M

$ 51 B

$ 10.3 B

21

Arab National Bank

Saudi Arabia

Banks and Financial Services

$ 2.1 B

$ 807 M

$ 45.8 B

$ 8.5 B

22

Arab Bank

Jordan

Banks and Financial Services

$ 2.8 B

$ 523 M

$ 48.2 B

$ 6.4 B

23

Almarai

Saudi Arabia

Food and Beverages

$ 3.7 B

$ 581 M

$ 8.5 B

$ 16.2 B

24

Qatar Islamic Bank

Qatar

Banks and Financial Services

$ 1.7 B

$ 618 M

$ 41.3 B

$ 7.2 B

25

Banque Centrale Populaire

Morocco

Banks and Financial Services

$ 2.8 B

$ 361 M

$ 40.7 B

$ 5.6 B

26

Petro Rabigh

Saudi Arabia

Industrials

$ 9.2 B

$ 379 M

$ 16.4 B

$ 5.8 B

27

Ooredoo

Qatar

Telecommunication

$ 9 B

$ 658 M

$ 7.5 B

$ 5.8 B

28

Mashreqbank

U.A.E.

Banks and Financial Services

$ 2.5 B

$ 569 M

$ 34.1 B

$ 3.6 B

29

Saudi Arabian Mining

Saudi Arabia

Industrials

$ 3.3 B

$ 191 M

$ 25.4 B

$ 17.3 B

30

Bank Audi

Lebanon

Banks and Financial Services

$ 3.3 B

$ 559 M

$ 43.8 B

$ 2.3 B

31

Ahli United Bank

Bahrain

Banks and Financial Services

$ 1.6 B

$ 667 M

$ 33.2 B

$ 4.8 B

32

Zain

Kuwait

Telecommunication

$ 3.4 B

$ 543 M

$ 10 B

$ 5.4 B

33

Abu Dhabi Islamic Bank

U.A.E.

Banks and Financial Services

$ 1.7 B

$ 626 M

$ 33.6 B

$ 3.3 B

34

Industries Qatar

Qatar

Industrials

$ 1.3 B

$ 910 M

$ 9.7 B

$ 18 B

35

Alinma Bank

Saudi Arabia

Banks and Financial Services

$ 1.6 B

$ 536 M

$ 30.7 B

$ 8.2 B

36

Masraf Al Rayan

Qatar

Banks and Financial Services

$ 1.2 B

$ 560 M

$ 28.3 B

$ 6.9 B

37

BLOM Bank

Lebanon

Banks and Financial Services

$ 2.2 B

$ 485 M

$ 32.5 B

$ 2.5 B

38

Commercial International Bank

Egypt

Banks and Financial Services

$ 1.8 B

$ 421 M

$ 16.4 B

$ 5.6 B

39

Savola Group

Saudi Arabia

Food and Beverages

$ 6.8 B

$ 274 M

$ 6.2 B

$ 5.4 B

40

DAMAC Properties

U.A.E.

Real estate and Construction

$ 2 B

$ 751 M

$ 6.9 B

$ 5.4 B

41

du

U.A.E.

Telecommunication

$ 3.5 B

$ 466 M

$ 4.9 B

$ 6.4 B

42

BMCE Bank

Morocco

Banks and Financial Services

$ 1.4 B

$ 301 M

$ 32.4 B

$ 4.1 B

43

TAQA

U.A.E.

Industrials

$ 4.5 B

$ 284 M

$ 28 B

$ 2 B

44

Alawwal Bank

Saudi Arabia

Banks and Financial Services

$ 2.3 B

$ 356 M

$ 26.6 B

$ 4.3 B

45

ALDAR Properties

U.A.E.

Real estate and Construction

$ 1.7 B

$ 546 M

$ 9.9 B

$ 4.5 B

46

Bank Muscat

Oman

Banks and Financial Services

$ 1.5 B

$ 459 M

$ 29 B

$ 2.9 B

47

Union National Bank

U.A.E.

Banks and Financial Services

$ 1.5 B

$ 451 M

$ 29.3 B

$ 2.8 B

48

Commercial Bank of Qatar

Qatar

Banks and Financial Services

$ 1.8 B

$ 166 M

$ 38 B

$ 4.3 B

49

National Industrialization

Saudi Arabia

Industrials

$ 3.3 B

$ 191 M

$ 9.1 B

$ 3.7 B

50

Agility

Kuwait

Logistics

$ 4.7 B

$ 272 M

$ 5.7 B

$ 3.3 B

51

Saudi Investment Bank

Saudi Arabia

Banks and Financial Services

$ 1.1 B

$ 376 M

$ 25 B

$ 3.5 B

52

Ezdan Holding

Qatar

Real Estate and Construction

$ 724 M

$ 462 M

$ 13.5 B

$ 6.4 B

53

Qatar Fuel

Qatar

Consumer Goods and Services

$ 4.7 B

$ 301 M

$ 3.4 B

$ 3.7 B

54

Doha Bank

Qatar

Banks and Financial Services

$ 1.2 B

$ 305 M

$ 25.7 B

$ 2.3 B

55

Saudi Industrial Investment Group

Saudi Arabia

Industrials

$ 2.2 B

$ 268 M

$ 6.7 B

$ 3.2 B

56

KIPCO

Kuwait

Investments

$ 2.3 B

$ 207 M

$ 34.3 B

$ 1.3 B

57

Kingdom Holding

Saudi Arabia

Investments

$ 880 M

$ 176 M

$ 13 B

$ 8.7 B

58

Commercial Bank of Dubai

U.A.E.

Banks and Financial Services

$ 908 M

$ 273 M

$ 19.2 B

$ 3.1 B

59

Bank Albilad

Saudi Arabia

Banks and Financial Services

$ 789 M

$ 251 M

$ 16.9 B

$ 3.6 B

60

Qatar Insurance

Qatar

Insurance

$ 3.2 B

$ 116 M

$ 9.5 B

$ 3.1 B

61

Barwa

Qatar

Real Estate and Construction

$ 760 M

$ 471 M

$ 8.2 B

$ 3.7 B

62

Bank Aljazira

Saudi Arabia

Banks and Financial Services

$ 937 M

$ 229 M

$ 18.2 B

$ 3 B

63

Omantel

Oman

Telecommunication

$ 1.9 B

$ 278 M

$ 11.6 B

$ 1.5 B

64

Arab Banking Corporation

Bahrain

Banks and Financial Services

$ 1.8 B

$ 253 M

$ 29.5 B

$ 982 M

65

Qatar Electricity and Water

Qatar

Utilities and Energy

$ 843 M

$ 450 M

$ 4.3 B

$ 5.9 B

66

Aluminum Bahrain

Bahrain

Industrials

$ 2.3 B

$ 246 M

$ 4.5 B

$ 2.3 B

67

National Shipping Company of Saudi Arabia

Saudi Arabia

Logistics

$ 1.6 B

$ 213 M

$ 5.6 B

$ 3 B

68

RAKBANK

U.A.E.

Banks and Financial Services

$ 1.1 B

$ 221 M

$ 13.2 B

$ 2 B

69

Elswedey Electric

Egypt

Industrials

$ 2.4 B

$ 362 M

$ 2.4 B

$ 2.6 B

70

Housing Bank

Jordan

Banks and Financial Services

$ 615 M

$ 177 M

$ 11.5 B

$ 3.7 B

71

Gulf Bank

Kuwait

Banks and Financial Services

$ 844 M

$ 159 M

$ 18.8 B

$ 2.6 B

72

Commercial Bank of Kuwait

Kuwait

Banks and Financial Services

$ 631 M

$ 184 M

$ 14.5 B

$ 2.9 B

73

Dar Al Arkan

Saudi Arabia

Real estate and Construction

$ 1.3 B

$ 148 M

$ 7 B

$ 3.3 B

74

Mobily

Saudi Arabia

Telecommunication

$ 3 B

$ -189 M

$ 10.8 B

$ 3.8 B

75

Nakilat

Qatar

Transportation

$ 994 M

$ 233 M

$ 8.2 B

$ 2.1 B

76

Byblos Bank

Lebanon

Banks and Financial Services

$ 1.3 B

$ 170 M

$ 22.7 B

$ 844 M

77

International Islamic Bank

Qatar

Banks and Financial Services

$ 531 M

$ 229 M

$ 12.8 B

$ 2.2 B

78

Jarir Marketing

Saudi Arabia

Retail

$ 1.9 B

$ 231 M

$ 767 M

$ 4.1 B

79

Bank Of Beirut

Lebanon

Banks and Financial Services

$ 1 B

$ 204 M

$ 18.4 B

$ 999 M

80

Dubai Investments

U.A.E.

Investments

$ 758 M

$ 253 M

$ 4.6 B

$ 2.6 B

81

Al Baraka Banking Group

Bahrain

Banks and Financial Services

$ 998 M

$ 207 M

$ 25.5 B

$ 386 M

82

Orascom Construction Limited

Egypt

Real estate and Construction

$ 3.7 B

$ 85 M

$ 2.9 B

$ 2.1 B

83

Al Ahli Bank of Kuwait

Kuwait

Banks and Financial Services

$ 773 M

$ 118 M

$ 14.4 B

$ 1.8 B

84

Mesaieed

Qatar

Industrials

$ 275 M

$ 299 M

$ 4 B

$ 5.1 B

85

Ahli Bank

Qatar

Banks and Financial Services

$ 497 M

$ 175 M

$ 11 B

$1.8 B

86

Bupa Arabia for Cooperative Insurance

Saudi Arabia

Insurance

$ 2 B

$ 133 M

$ 2 B

$2.1 B

87

Fawaz Abdulaziz Alhokair

Saudi Arabia

Retail

$ 1.8 B

$ 241 M

$ 1.8 B

$ 1.6 B

88

National Bank of Bahrain

Bahrain

Banks and Financial Services

$ 355 M

$ 162 M

$ 8.2 B

$ 2.3 B

89

Saudi International Petrochemical

Saudi Arabia

Industrials

$ 1.2 B

$ 117 M

$ 4.3 B

$ 2 B

90

Air Arabia

U.A.E.

Transportation

$ 1.1 B

$ 180 M

$ 3.5 B

$ 1.7 B

91

Emaar The Economic City

Saudi Arabia

Real estate and Construction

$ 383 M

$ 161 M

$ 4.6 B

$ 3 B

92

BBK

Bahrain

Banks and Financial Services

$ 503 M

$ 157 M

$ 10 B

$1.3 B

93

Qatar Navigation

Qatar

Transportation

$ 684 M

$ 132 M

$ 5.2 B

$ 1.9 B

94

BankDhofar

Oman

Banks and Financial Services

$ 566 M

$ 124 M

$ 11 B

$ 1.1 B

95

Global Telecom Holding

Egypt

Telecommunication

$ 3 B

$ -41.8 M

$ 5.3 B

$ 1.4 B

96

Advanced Petrochemical

Saudi Arabia

Industrials

$ 654 M

$ 168 M

$ 1.2 B

$ 2.7 B

97

National Bank of Fujairah

U.A.E.

Banks and Financial Services

$ 521 M

$ 129 M

$ 10 B

$ 1.1 B

98

Abdullah Al Othaim Markets

Saudi Arabia

Retail

$ 2.2 B

$ 119.9 M

$ 892 M

$1.7 B

99

United Development Company

Qatar

Real Estate and Construction

$ 558 M

$ 167 M

$ 5 B

$ 1.4 B

100

Mannai Corporation

Qatar

Consumer Goods and Services

$ 1.9 B

$ 145 M

$ 3.2 B

$563 M

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