Forbes Middle East's Top 100 Listed Companies Include 9 Kuwaiti Companies

According to Forbes Middle East, the region's top public companies have been ranked in its flagship ranking of the Middle East's Top 100 Listed Companies for 2023.

The top four companies are Aramco, SABIC, Qatar's QNB Group, and Saudi National Bank. Saudi Arabia being the most represented country on the list with 33 entries, followed by the U.A.E. with 28 and Qatar with 16. Nine companies from Kuwait find their place on the list.

Kuwait Finance House (KFH) is at number 14, National Bank of Kuwait is at number 18, Zain is at number 32, Agility is at 56, Boubyan Bank is at number 68, Burgan Bank Group is at number 77, Gulf Bank is at number 81, Al Commercial Bank of Kuwait (Al-Tijari) is at number 90, and Kuwait Projects Company (Holding) -KIPCO is at number 91.

From $4 trillion in 2022 to $3.8 trillion in 2023, the aggregate market value of the 100 listed companies decreased marginally by 5%. However, the aggregate sales value for these 100 companies has jumped 38.5% to $1.1 trillion, with profits surging 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.

 

Get The Latest and important news on our Telegram Channel click here to join

Comments Post Comment

Leave a Comment

Submit