1. Saudi Aramco
Saudi Aramco is the world’s largest oil producer. Officially known as Saudi Arabian Oil Company, the company is primarily state-owned and is based in Dhahran, Saudi Arabia. It is the world’s most profitable company, eclipsing even tech giants such as Apple.
Saudi Aramco began attracting increased investor attention in 2016 when Saudi Crown Prince Mohammed bin Salman bin Abdulaziz Al-Saud announced plans to list 5% at a valuation of approximately $2 trillion in what became the largest initial public offering (IPO).
Country: Saudi Arabia
Sector: Energy
Market value: $2.3 trillion
Sales: $400.5 billion
Profits: $110 billion
Assets: $576.7 billion
2. Sabic
Ranked among the world’s largest petrochemicals manufacturers, SABIC is a public company based in Riyadh, Saudi Arabia. 70% of the company’s shares are owned by Saudi Aramco, with the remaining 30% publicly traded on the Saudi stock exchange. SABIC’s growth has been nothing short of miraculous. Today, the company has operations in around 50 countries with a global workforce of over 31,000 talented individuals.
SABIC operates through three Strategic Business Units – Petrochemicals, Agri-Nutrients and Specialties – and one standalone organization, Metals (Hadeed). They support customers by identifying and developing opportunities in key end markets such as construction, medical devices, packaging, agri-nutrients, electrical and electronics, transportation and clean energy.
Country: Saudi Arabia
Sector: Industrials
Market value: $100.5 billion
Sales: $46.6 billion
Profits: $8.1 billion
Assets: $84.9 billion
3. QNB Group
Since its establishment in 1964, QNB Group has steadily grown to be the biggest bank in Qatar and the largest financial institution in the Middle East and Africa (MEA) region.
Net Profit for the three months ended 31 March 2022 reached QAR3.6 billion (USD1.0 billion), an increase of 9% compared the same period last year. Operating Income up by 16% to reach QAR7.7 billion (USD2.1 billion) which reflects the Group’s success in maintaining growth across a range of revenue sources.
Total Assets as at 31 March 2022 reached QAR1,108 billion (USD304 billion), an increase of 6% from 31 March 2021, mainly driven by growth in Loans and advances by 6% to reach QAR763 billion (USD210 billion).
Country: Qatar
Sector: Banks & Financial Services
Market value: $59.1 billion
Sales: $14 billion
Profits: $3.6 billion
Assets: $300.3 billion
