January 7, 2019,   11:00 AM

Top 5 Companies In Kuwait

Amany Zaher


top 5 companies in kuwait

Kuwait stock exchange (Boursa Kuwait) has made huge progress in 2018 and joined S&P DJI’s Global Benchmark Indices with an Emerging Market Classification, in addition to the advancement on the Financial Times Stock Exchange (FTSE) Russell to its secondary Emerging Market index.

Forbes Middle East lists the “Top 5 listed companies in Kuwait 2018” which is a sub-ranking of our annual list “Top 100 listed companies in the Arab world 2018”. National Bank of Kuwait, the biggest bank of the country, tops the list with assets and revenues hit $86.2 billion and $3.6 billion respectively, followed by Kuwait Finance House which is the second biggest company in Kuwait with assets exceeded  $57.5 billion.

The fourth largest telecom operator in the Middle East, Zein group comes in the third spot in the country in terms of profits and assets with $543 million and $10 billion respectively.

We came up with this list by ranking the listed companies in Kuwait stock market, based on 4 main criteria: revenues, profits, assets, and market value for the latest financial year, with equal weights.


And here are the top 5 companies in Kuwait


1-National Bank of Kuwait

Sector: Banks and Financial Services

Revenues: $ 3.6 B

Net Profits: $ 1.1 B

Assets: $ 86.2 B

Market Value: $ 15.2 B

NBK is the largest financial institution in Kuwait and enjoys a significant market share in the local commercial banking sector. NBK has a wide presence locally and internationally through its branches, subsidiaries, and representative offices internationally in China, Geneva, London, Paris, New York and Singapore, as well as regionally in Lebanon, Jordan, Egypt, Bahrain, Saudi Arabia, Iraq, Turkey and UAE.



2- Kuwait Finance House

Sector: Banks and Financial Services

Revenues: $ 3.2 B

Net Profits: $ 708 M

Assets: $ 57.5 B

Market Value: $ 10.9 B

Kuwait Finance House (KFH) is the first Islamic bank established in 1977 in the State of Kuwait and today it’s one of the foremost Islamic financial institutions in the world.KFH provides a wide range of banking Shari’a compliant products and services, covering real estate, trade finance, investment portfolios, commercial, retail, and corporate banking and is available in Kuwait, Kingdom of Bahrain, Kingdom of Saudi Arabia, United Arab Emirates, Turkey, Malaysia, and Germany.



3-Zain Group

Sector: Telecommunications

Revenues: $ 3.4 B

Net Profits: $ 543 M

Assets: $ 10 B

Market Value: $ 5.4 B

ZAIN Group is the leading mobile voice and data services operator in Kuwait with a commercial footprint in 8 Middle Eastern and Africa countries with a workforce of over 6,200 employees providing a comprehensive range of mobile voice and data services to over 47.8 million active individual and business customers as of September 30, 2018.


4- Agility

Sector: Logistics

Revenues: $ 4.7 B

Net Profits: $272 M

Assets: $ 5.7 B

Market Value: $ 3.3 B

Agility today is one of the world’s largest integrated logistics providers and the largest private owner and developer of industrial real estate in the Middle East and North Africa. It acquired more than 40 logistics brands around the world and operates in more than 100 countries around the world with more than 22,000 employees.



Sector: Investments

Revenues: $ 2.3 B

Net Profits: $ 207 M

Assets: $ 34.3 B

Market Value: $1.3 B

Founded in 1975, KIPCO Group comprises over 60 companies and employs over 16,000 people in 24 countries. KIPCO’s operations extend across the Middle East and North African region, from the Atlantic Ocean to the Arabian Sea with holdings in sectors such as financial services, media, manufacturing, and real estate.


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