Global 2000
Top 5 Arab Companies
On Forbes Global 2000 On this year’s Global 2000 list by Forbes—a ranking of the largest 2,000 companies in the world based on assets, profits, revenues, and market value—41 companies featured from MENA. Here are the top five.
4. Saudi Electricity Global 2000 ranking: 327 Category: Utilities Country: Saudi Arabia Sales: $18.5 billion Profits: $2.3 billion Assets: $127.4 billion Market value: $29.8 billion
Saudi Electricity is the region’s biggest utility company and has a monopoly in Saudi Arabia. It generates and distributes electricity. The company was founded in 2000 and is headquartered in Riyadh.
5. First Abu Dhabi Bank
Saudi Aramco headquartered in Dhahran, Saudi Arabia
1. Saudi Aramco Global 2000 ranking: 3 Category: Oil & Gas Country: Saudi Arabia Sales: $400.4 billion Profits: $105.4 billion Assets: $576 billion Market value: $2.3 trillion
Aramco engages in the exploration, production, transportation, and sale of crude oil and natural gas. It is the world’s largest oil company and the second most valuable worldwide. The company was founded in 1933 and is headquartered in Dhahran, Saudi Arabia. F O R B E S M I D D L E E A S T.C O M
2. Qatar National Bank (QNB)
3. Saudi National Bank (SNB)
Global 2000 ranking: 251 Category: Banking & Finance Country: Qatar Sales: $14.2 billion Profits: $3.4 billion Assets: $304.4 billion Market value: $59 billion
Global 2000 ranking: 325 Category: Banking & Finance Country: Saudi Arabia Sales: $8.6 billion Profits: $3.4 billion Assets: $243.5 billion Market value: $86.5 billion
QNB is the largest bank in the Middle East and Africa and the second-largest entity in the region in terms of assets after Aramco. It provides commercial and Islamic banking activities. The company was founded in 1964 and is headquartered in Doha, Qatar.
The largest bank in Saudi Arabia, SNB was formed by the merger of the National Commercial Bank and Samba Financial Group in April 2021. The National Commercial Bank was founded in 1953 and is headquartered in Jeddah, Saudi Arabia.
Global 2000 ranking: 345 Category: Banking & Finance Country: U.A.E. Sales: $8.3 billion Profits: $3.3 billion Assets: $272.4 billion Market value: $69.1 billion
The U.A.E.’s largest bank, FAB was created by a merger between the First Gulf Bank and the National Bank of Abu Dhabi in 2016. It engages in banking services, including corporate, investment, and personal banking. The company was founded in 1968 and is headquartered in Abu Dhabi. JUNE 2022
BY JAMILA GANDHI; IMAGE FROM ARAMCO.COM
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