[ad_1]
Dubai: Forbes Middle East magazine on Wednesday released its annual ranking of the top 100 companies in the Arab world, with at least 19 UAE-based organizations making the list this year.
However, due to political instability and falling oil prices, the financial performance of companies in the region has weakened, with the market capitalization of the 100 largest companies declining by 15.5% to $689 billion from April 1, 2015 to April. Ta. 6th 2016.
“Political instability and the sharp drop in oil prices were the main reasons for the impact on financial performance,” Forbes said in a statement.
Total assets rose 4% to $2.6 trillion, but total sales and profits fell nearly 3% to $281.5 billion and $58.6 billion, respectively.
Saudi Arabia’s Sabic topped the list with profits worth $5 billion and assets worth $87.5 billion. The Riyadh-based petrochemical giant has a market value of $60.4 billion and assets worth $87.5 billion. Sales accounted for $39.5 billion.
Despite the Saudi stock market falling 29.5%, Saudi companies dominated the list, accounting for more than a third of the top 100 companies and five out of 10.
Banks make up half of the list, followed by carriers and real estate developers. Most of the companies in the top 100 are from Gulf countries.
Etisalat emerged as the largest Arab telecommunications company this year, ranking fourth in the overall list. Among banks, QNB took the crown as the largest bank in terms of assets.
Forbes ranked companies by analyzing data from 1,316 listed companies in Saudi Arabia, Qatar, Oman, Jordan, Egypt, Kuwait, Bahrain, UAE, Lebanon, Morocco and Tunisia. Companies were evaluated based on four categories: sales, net income, assets, and market value.
Subsidiaries were excluded from the list, as well as companies that ceased trading and those that did not publish audited financial statements for 2015.
The top companies were recognized at a networking event hosted by Forbes Middle East. “The main purpose of networking events like this is our constant effort to support and encourage business leaders. Events like this connect businesses and decision-makers, ultimately contributing to the success and success of the country. It will help our development,” said Dr. Nasser bin Aqeel Al Tayer, President and Publisher of Arab Publishing House.
Forbes Top 100 Companies in the Arab Region:
Ranking |
Company Name |
Country |
sector |
1 |
Sabich |
Saudi Arabia |
petrochemical products |
2 |
QNB |
qatar |
banking and financial services |
3 |
national commercial bank |
Saudi Arabia |
banking and financial services |
Four |
Etisalat |
United Arab Emirates |
Telecommunications |
Five |
Emirates NBD |
United Arab Emirates |
banking and financial services |
6 |
Al Rajhi Bank |
Saudi Arabia |
banking and financial services |
7 |
abu dhabi national bank |
United Arab Emirates |
banking and financial services |
7 |
saudi telecom |
Saudi Arabia |
Telecommunications |
9 |
FGB |
United Arab Emirates |
banking and financial services |
Ten |
saudi power |
Saudi Arabia |
Services and utilities |
11 |
abu dhabi commercial bank |
United Arab Emirates |
banking and financial services |
12 |
National Bank of Kuwait |
Kuwait |
banking and financial services |
13 |
Samba Financial Group |
Saudi Arabia |
banking and financial services |
14 |
riyadh bank |
Saudi Arabia |
banking and financial services |
15 |
Kuwait Finance House |
Kuwait |
banking and financial services |
15 |
DP World |
United Arab Emirates |
logistics |
17 |
Ooredoo |
qatar |
Telecommunications |
17 |
Emaar properties |
United Arab Emirates |
Real estate/construction |
19 |
saudi british bank |
Saudi Arabia |
banking and financial services |
20 |
saudi francis bank |
Saudi Arabia |
banking and financial services |
twenty one |
dubai islamic bank |
United Arab Emirates |
banking and financial services |
twenty two |
Atijariwafa Bank |
Morocco |
banking and financial services |
twenty three |
arab bank |
Jordan |
banking and financial services |
twenty four |
arab national bank |
Saudi Arabia |
banking and financial services |
twenty five |
Mashreq Bank |
United Arab Emirates |
banking and financial services |
26 |
Zain |
Kuwait |
Telecommunications |
27 |
Almarai |
Saudi Arabia |
food and drink |
28 |
qatar industry |
qatar |
industrial |
28 |
savola group |
Saudi Arabia |
food and drink |
30 |
qatar islamic bank |
qatar |
banking and financial services |
31 |
mines in saudi arabia |
Saudi Arabia |
industrial |
32 |
commercial international bank |
Egypt |
banking and financial services |
33 |
Ahri United Bank |
bahrain |
banking and financial services |
34 |
audi bank |
Lebanon |
banking and financial services |
35 |
Populaire Central Bank |
Morocco |
banking and financial services |
36 |
DAMAC properties |
United Arab Emirates |
Real estate/construction |
37 |
abu dhabi islamic bank |
United Arab Emirates |
banking and financial services |
38 |
qatar commercial bank |
qatar |
banking and financial services |
39 |
KIPCO |
Kuwait |
investment |
40 |
saudi hollandi bank |
Saudi Arabia |
banking and financial services |
41 |
Alder properties |
United Arab Emirates |
Real estate/construction |
42 |
BMCE Bank |
Morocco |
banking and financial services |
42 |
union national bank |
United Arab Emirates |
banking and financial services |
44 |
bank muscat |
oman |
banking and financial services |
45 |
bloom bank |
Lebanon |
banking and financial services |
46 |
Barwa |
qatar |
Real estate/construction |
47 |
qatar insurance |
qatar |
insurance |
48 |
Du |
United Arab Emirates |
Telecommunications |
49 |
kingdom holding |
Saudi Arabia |
investment |
49 |
doha bank |
qatar |
banking and financial services |
51 |
Ezdan Holding |
qatar |
Real estate/construction |
52 |
Rakubank |
United Arab Emirates |
banking and financial services |
53 |
Masraf Al Rayan |
qatar |
banking and financial services |
54 |
mobile |
Saudi Arabia |
Telecommunications |
55 |
Nakirat |
qatar |
logistics |
55 |
Wokod |
qatar |
Services and utilities |
57 |
Bari |
Saudi Arabia |
logistics |
58 |
Arinma Bank |
Saudi Arabia |
banking and financial services |
59 |
Petro Rabigh |
Saudi Arabia |
petrochemical products |
60 |
dubai commercial bank |
United Arab Emirates |
banking and financial services |
61 |
saudi investment bank |
Saudi Arabia |
banking and financial services |
62 |
Arab Bank Co., Ltd. |
bahrain |
banking and financial services |
63 |
americana group |
Kuwait |
food and drink |
64 |
Al Tayer Travel Group |
Saudi Arabia |
travel and tourism |
65 |
albilado bank |
Saudi Arabia |
banking and financial services |
66 |
Al Barakah Banking Group |
bahrain |
banking and financial services |
67 |
jaleel marketing |
Saudi Arabia |
retail |
68 |
Takaa |
United Arab Emirates |
petrochemical products |
68 |
Al Jazeera Bank |
Saudi Arabia |
banking and financial services |
70 |
Qatar International Islamic Bank |
qatar |
banking and financial services |
71 |
housing bank |
Jordan |
banking and financial services |
72 |
saudi industrial investment group |
Saudi Arabia |
petrochemical products |
72 |
Fawaz Abdulaziz Alhokair |
Saudi Arabia |
retail |
74 |
MILAHA Maritime/Logistics |
qatar |
logistics |
75 |
Bupa Arabia |
Saudi Arabia |
insurance |
75 |
Byblos Bank |
Lebanon |
banking and financial services |
77 |
tasny |
Saudi Arabia |
industrial |
77 |
Ahli Bank Qatar |
qatar |
banking and financial services |
79 |
Qatar electricity and water |
qatar |
Services and utilities |
80 |
Mutual aid association insurance company |
Saudi Arabia |
insurance |
81 |
agile |
Kuwait |
logistics |
82 |
Mesaieed Petrochemical Holding |
qatar |
petrochemical products |
83 |
Jabal Omar Development |
Saudi Arabia |
Real estate/construction |
84 |
integrated development company |
qatar |
Real estate/construction |
85 |
Global Telecom Holdings |
Egypt |
Telecommunications |
86 |
telecom egypt |
Egypt |
Telecommunications |
87 |
Nanbu State Cement |
Saudi Arabia |
industrial |
88 |
beirut bank |
Lebanon |
banking and financial services |
89 |
gulf bank |
Kuwait |
banking and financial services |
90 |
arabtech holding |
United Arab Emirates |
Real estate/construction |
91 |
dubai investment |
United Arab Emirates |
investment |
92 |
Zain KSA |
Saudi Arabia |
Telecommunications |
93 |
Aruba |
bahrain |
industrial |
93 |
saudi cement |
Saudi Arabia |
industrial |
93 |
Al Khalij Commercial Bank |
qatar |
banking and financial services |
96 |
Kuwait Commercial Bank |
Kuwait |
banking and financial services |
97 |
gulf international services |
qatar |
investment |
97 |
Al Ahli Bank of Kuwait |
Kuwait |
banking and financial services |
99 |
saudi airlines catering |
Saudi Arabia |
Services and utilities |
100 |
arab kali |
Jordan |
industrial |
[ad_2]
Source link