The Middle East's Top 100 Listed Companies 2023

In the ever-evolving landscape of the Middle East's financial market, the top 100 listed companies serve as vital indicators of economic prowess and market stability. Despite facing challenges amidst global uncertainties, these companies have demonstrated resilience and adaptability, reflected in their performance in 2023. 

GCC countries dominate 91% of the list, with Saudi Arabia being the most represented with 33 entries, followed by the UAE with 28, Qatar with 16, and Kuwait with nine.

Read More: Top Business Sectors Thriving in the UAE in 2024

The world’s largest oil and gas giant, Aramco, retains the top spot with $604.4 billion in sales and a market value of $2.1 trillion, followed by SABIC, Qatar’s QNB Group, and the Saudi National Bank. The UAE’s International Holding Company jumped from the #12 rank in the 2022 list to the fifth spot in 2023, with $235.9 billion in market value and total assets of $62.1 billion.

Here are some of the Middle East's most influential corporate entities:

1. Aramco

   • Market Value: $2.1 trillion
   • Sector: Energy

2. SABIC

   • Market Value: $74.3 billion
   • Sector: Industrials

3. QNB Group

   • Market Value: $38.8 billion
   • Sector: Banks & Financial Services

4. Saudi National Bank (SNB)

   • Market Value: $59 billion
   • Sector: Banks & Financial Services

5. International Holding Company (IHC)

   • Market Value: $235.9 billion
   • Sector: Investments

6. Al Rajhi Bank

   • Market Value: $82 billion
   • Sector: Banks & Financial Services

7. Saudi Electricity Company (SEC)

   • Market Value: $27.3 billion
   • Sector: Utilities

8. First Abu Dhabi Bank (FAB)

   • Market Value: $42.7 billion
   • Sector: Banks & Financial Services

9. Emirates NBD

   • Market Value: $24.3 billion
   • Sector: Banks & Financial Services

10. TAQA Group

    • Market Value: $99.5 billion
    • Sector: Utilities

11. stc Group

    • Market Value: $59.2 billion
    • Sector: Telecommunications

12. e&

    • Market Value: $56.8 billion
    • Sector: Telecommunications

13. Alpha Dhabi Holding (ADH)

    • Market Value: $59.9 billion
    • Sector: Investments

14. Kuwait Finance House (KFH)

    • Market Value: $35.4 billion
    • Sector: Banks & Financial Services

15. Saudi Arabian Mining Company (Ma’aden)

    • Market Value: $45.5 billion
    • Sector: Industrials

16. Dubai Electricity and Water Authority (DEWA)

    • Market Value: $33.8 billion
    • Sector: Utilities

17. ADCB Group

    • Market Value: $17.6 billion
    • Sector: Banks & Financial Services

18. National Bank of Kuwait (NBK)

    • Market Value: $26 billion
    • Sector: Banks & Financial Services

19. Riyad Bank

    • Market Value: $24.1 billion
    • Sector: Banks & Financial Services

20. Saudi Awwal Bank (SAB – الأول)

    • Market Value: $19.8 billion
    • Sector: Banks & Financial Services

21. Emaar Properties

    • Market Value: $14.3 billion
    • Sector: Real Estate & Construction

22. Dubai Islamic Bank (DIB)

    • Market Value: $11 billion
    • Sector: Banks & Financial Services

23. Industries Qatar (IQ)

    • Market Value: $21.5 billion
    • Sector: Industrials

24. Attijariwafa bank

    • Market Value: $8.6 billion
    • Sector: Banks & Financial Services

25. Alinma Bank

    • Market Value:$17 billion
    • Sector: Banks & Financial Services

26. Banque Saudi Fransi (BSF)

    • Market Value: $12.4 billion
    • Sector: Banks & Financial Services

27. Qatar Islamic Bank (QIB)

    • Market Value: $11.6 billion
    • Sector: Banks & Financial Services

28. Arab National Bank (ANB)

    • Market Value: $11.1 billion
    • Sector: Banks & Financial Services

29. Mashreq

    • Market Value: $6.6 billion
    • Sector: Banks & Financial Services

30. Ooredoo Group

    • Market Value: $8.4 billion
    • Sector: Telecommunications

Continue exploring the complete list of the Middle East's top 100 companies here.

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