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
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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.
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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:
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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
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2. SABIC | Saudi Arabia | Sector: Industrials | CEO: Abdulrahman Al-Fageeh | Market value: $74.3 billion | Sales: $52.9 billion
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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
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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
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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
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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
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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
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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
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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
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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
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11. stc Group | Saudi Arabia | Sector: Telecommunications | Group CEO : Olayan Mohammed Alwetaid | Market value: $59.2 billion | Sales: $18 billion
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12. e& | UAE | Sector: Telecommunications | Group CEO: Hatem Dowidar | Market value: $56.8 billion | Sales: $14.3 billion
Ahmed Ramzan/Gulf News
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