Top companies in the Arab World 2015
The UAE features heavily in the Forbes Middle East study into the top-performing companies in the Arab World. Find out which firms made the top 10
1st: Sabic. The list was based on disclosed financial statements for 2014, collated from stock markets across the region. Criteria considered when producing the list included total revenues, net earnings, total assets, and market valuation. The latter was based on April 1, 2015 closing prices. Saudi Arabia’s Sabic had $50.4 billion in revenue and an asset base of $90.9bn, Forbes said. AFP
2nd: Qatar National Bank. Emre Rende for The National
3rd: Etisalat. The UAE features the second-highest number of entries this year. Fatima Al Marzooqi / The National
4th: Saudi Telecom. In terms of number of entries, Saudi Arabia dominated not just the top 10, but the overall ranking. Represented by 59 entries on the list, the combined recent market value of this year’s Saudi companies stands at $436.5bn, with $159bn in revenue. Saudi Telecom ranked second last year. Courtesy: Saudi Telecom Co
5th: Saudi Electricity. Reuters
6th: National Commercial Bank (NCB). Michael Bou-Nacklie for The National
7th: Al Rajhi Bank. Ahmed Yosri for The National
8th: National Bank of Abu Dhabi (NBAD). Silvia Razgova / The National
9th: Emirates NBD. Pawan Singh / The National
10th: First Gulf Bank. Abu Dhabi Commercial Bank placed 15th and Emaar Properties 18th. Sarah Dea / The National
Source: The National – Top companies in the Arab World 2015
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