However, the value of the aggregate sales for these 100 companies has jumped
38.5% to $1.1 trillion, with profits increasing by 37.7% to hit $277.7 billion. The value of their aggregate assets has also risen by 9.5% to $4.6 trillion as of 2022 end.
GCC countries dominate 91% of the list, with Saudi Arabia being the most represented with 33 entries, followed by the U.A.E. with 28, Qatar with 16, and Kuwait with nine.
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 U.A.E.’s International Holding Company jumped from the #12 rank in the 2022 list to the fifth spot this year, with $235.9 billion in market value and total assets of $62.1 billion.
Despite the fallout from the collapse of Silicon Valley Bank, the banking and financial services sector still dominates, with 42 entries holding a total of $3 trillion in assets and generating $45.4 billion in net income. However, the energy sector— led by Aramco—generated the bulk of the profits, hitting $162.4 billion in 2022.
The 2023 list welcomes several newly-listed entities, including Qatar’s Dukhan Bank, U.A.E.-based Multiply Group, and Americana Restaurants, along with Saudi Aramco Base Oil Company (Luberef) and Marafiq.
1 Aramco
President and CEO: Amin H. Nasser
Country: Saudi Arabia Sector: Energy
Market Value: $2.1 trillion Sales: $604.4 billion
Profits: $161.1 billion
Assets: $664.8 billion
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Bu hikaye Forbes Middle East - English dergisinin June 2023 sayısından alınmıştır.
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