The 10 Biggest Companies in Middle East

It is clear that the Middle East region has large companies with international projection. It is therefore important for a businessman to know the most important companies in the Gulf as well as their origin, their capital, their sector and the person in charge.

As you could imagine, most of the companies are from Saudi Arabia and are directly related to the energy and finance sectors. However, we have also included in our list companies from UAE, Kuwait and Qatar related to finance, energy and telecommunications.

In Arab Market Tips, we offer you a list of the 10 most important companies in order to understand the drivers of the economy in the Gulf region.

1. Saudi Aramco

Saudi Aramco, one of the most important companies in the Middle East region, focuses mainly on the energy sector. Founded in Saudi Arabia, it is expected to achieve a total of 330 billion dollars in sales and 88 billion dollars in profits by 2022. Its market value amounts to 1.6 trillion dollars, making it one of the most valued companies in the world and in the region.

2. Qatar National Bank (QNB)

QNB, one of the most important companies in the Middle East region, focuses mainly on the finance sector. Founded in Qatar, QNB has achieved a total of 16 billion dollars in sales and 4 billion dollars in profits by 2022. Its market value amounts to 43 billion dollars, making it one of the most valued companies in the world and in the Gulf region.

3. First Abu Dhabi Bank (FAB)

FAB, one of the largest banks in the Middle East region, focuses mainly on financial services. Founded in the United Arab Emirates, it has achieved a total of USD 9 billion in sales and USD 3.5 billion in profits by 2022. Its market value totals $29 billion, making it one of the most valued companies in the world and in the Gulf region.

4. Sabic

Sabic, one of the world’s leading industrial companies, is active in various industry sectors such as energy, raw materials, chemicals and fertilisers. Founded in Saudi Arabia, it has achieved in 2022 a total of 37 billion dollars in sales and 2 billion dollars in profits. Its market value totals $56 billion, making it one of the most valued companies in the Gulf region.

5. Emirates NBD

Emirates NBD is one of the most important companies in the banking sector in the Middle East region. Founded in the United Arab Emirates, it has achieved a total of 10 billion dollars in sales and 4 billion dollars in profits by 2022. Its market value totals $12.4 billion, making it one of the most valued companies in the Gulf region.

6. National Bank of Commerce (NCB)

NCB is one of the largest banking companies in the Middle East region. Founded in Saudi Arabia, it has achieved a total of $7 billion in sales and $3 billion in profits by 2022. It has a market value of $28 billion, making it one of the most valued companies in the Gulf region.

7. Al Rajhi Bank

Al Rajhi Bank is one of the most important companies in the banking sector in the Middle East region. Founded in Saudi Arabia, it has achieved a total of $5 billion in sales and $3 billion in profits by 2022. It has a market value of $36 billion, making it one of the most valued companies in the Gulf region.

8. Saudi Telecomunications (STC)

STC is one of the most important companies in the telecommunications sector in the Middle East region. Founded in Saudi Arabia, it has achieved a total of $15 billion in sales and $3 billion in profits by 2022. It has a market value of $48 billion, making it one of the most valued companies in the Gulf region.

9. Etisalat Group

Etisalat is one of the most important companies in the telecommunications sector in the Middle East region. Founded in the UAE, it has achieved a total of USD 14 billion in sales and USD 2.6 billion in profits by 2022. It has a market value of USD 33 billion, making it one of the most valued companies in the Gulf region.

10. National Bank of Kuwait (NBK)

NBK, one of the largest companies in the Finance sector in the Middle East region and one of the largest in Kuwait, has achieved a total of $4.5 billion in sales and $1.4 billion in profits by 2022. It has a market value of $15.7 billion, making it one of the most valued companies in the Gulf region.

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