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Photos: IHC, First Abu Dhabi Bank, Emirates NBD among region’s top 100 listed companies

Saudi Arabia has 33 companies on the list, followed by the UAE with 28 and Qatar with 16

Published: June 14, 2023 13:28 Anupam Varma, Assistant Editor and Devadasan K P, Chief Visual Editor

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Leading UAE and Saudi Arabian enterprises have been named among the region’s top listed companies in a new list. The Middle East’s Top 100 Listed Companies list, compiled by Forbes Middle East, is dominated by GCC countries, with Saudi Arabia, UAE and Qatar comprising over 70 per cent of the ranking. The total market value of the region’s biggest 100 listed companies stands at $3.8 trillion. Image Credit: Bloomberg

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The companies have been ranked based on their reported sales, assets, and profits in 2022 and market value as of April 30, 2023. Here’s how they stand: Image Credit: Bloomberg

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1. Aramco | Saudi Arabia | Sector: Energy | President and CEO: Amin H. Nasser | Market value: $2.1 trillion | Sales: $604.4 billion Image Credit: Reuters

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2. SABIC | Saudi Arabia | Sector: Industrials | CEO: Abdulrahman Al-Fageeh | Market value: $74.3 billion | Sales: $52.9 billion Image Credit: Supplied

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3. QNB Group | Qatar | Sector: Banks & Financial Services | Group CEO: Abdulla Mubarak Al-Khalifa | Market value: $38.8 billion | Sales: $18.4 billion Image Credit: Reuters

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4. Saudi National Bank (SNB) | Saudi Arabia | Sector: Banks & Financial Services | Acting CEO: Talal Ahmed Al Khereiji | Market value: $59 billion | Sales: $11.2 billion Image Credit: Reuters

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5. International Holding Company (IHC) | UAE | Sector: Investments | CEO and MD: Syed Basar Shueb | Market value: $235.9 billion | Sales: $13.9 billion Image Credit: Shutterstock

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6. Al Rajhi Bank | Saudi Arabia | Sector: Banks & Financial Services | CEO and MD: Waleed Abdullah Al-Mogbel | Market value: $82 billion | Sales: $10.3 billion Image Credit: Shutterstock

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7. Saudi Electricity Company (SEC) | Saudi Arabia | Sector: Utilities | CEO: Khaled bin Hamad Al-Gnoon | Market value: $27.3 billion | Sales: $19.2 billion Image Credit: Supplied

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8. First Abu Dhabi Bank (FAB) | UAE | Sector: Banks & Financial Services | Group CEO: Hana Al Rostamani | Market value: $42.7 billion | Sales: $10.4 billion Image Credit: Supplied

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9. Emirates NBD | UAE | Sector: Banks & Financial Services | Group CEO: Shayne Nelson | Market value: $24.3 billion | Sales: $12.8 billion Image Credit: Ahmed Ramzan/Gulf News

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10 . TAQA Group | UAE | Sector: Energy | Group CEO and MD: Jasim Husain Thabet | Market value: $99.5 billion | Sales: $13.6 billion Image Credit: Supplied

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11. stc Group | Saudi Arabia | Sector: Telecommunications | Group CEO : Olayan Mohammed Alwetaid | Market value: $59.2 billion | Sales: $18 billion Image Credit: Supplied

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12. e& | UAE | Sector: Telecommunications | Group CEO: Hatem Dowidar | Market value: $56.8 billion | Sales: $14.3 billion Image Credit: Ahmed Ramzan/Gulf News

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