The Middle East’s
Top 100 Listed
Companies 2022
![](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2022/05/30173854/1-Amin_Nasser_CEO.jpg)
1. Saudi Aramco
Country: Saudi Arabia
Sector: Energy
President and CEO: Amin H. Nasser
Market Value: $2.3 trillion
Sales: $400.5 billion
Profits: $110 billion
Assets: $576.7 billion
Aramco is the world’s largest oil company and most valuable worldwide as of May 11, 2022. Thanks to a surge in oil prices, Aramco’s share price hit new records in 2022. The company has lately increased its capital by $4 billion from its retained earnings. The Saudi government owns 94.2% of Aramco, and the company’s payment to the government hit $148.5 billion in 2021, up from $110 billion in 2020. In February 2022, Saudi Crown Prince Mohammed bin Salman said that 4% of the company’s shares had been transferred to the kingdom’s Public Investment Fund (PIF).