Saudi Arabia's Top Listed Companies
The companies on our annual list of the Top 100 Companies In The Middle East are the largest and most profitable companies listed on the region's stock exchanges. In 2020, Saudi Arabia dominated the list with 33 companies. Market values given here are as of October 27 2020. 1 Saudi Aramco
CEO: Amin H. Nasser Sales: $329.8 B Profits: $88.2 B Assets: $398.4 B Market Value: $1.8 T
Sector: Energy Saudi Arabian Oil Co. Aramco is the world's most profitable company as well as the most valuable company in the world. Over 98% of the company is owned by the Saudi government and it is the main source of revenue to the Saudi Arabian government. The company engages in the exploration, production, transportation, and sale of crude oil, natural gas, and chemicals. The company is focused on innovation—it had 230 patents granted by the U.S. Patent and Trademark Office in 2017. Amin H. Nasser is the president and CEO of Saudi Aramco and has been with the company for 30 years. 2 SABIC
CEO: Yousef Abdullah Al-Benyan Sales: $37.3 B Profits: $2.3 B Assets: $82.8 B Market Value: $75.7 B
Sector: Industrials SABIC is among the world's largest petrochemicals manufacturers. It was established in 1976 by Royal
Decree. Today, the company has operations in over 50 countries, with a global workforce of over 33,000.
SABIC's global expansion began in 2002 with the acquisition of DSM's petrochemical business in
Europe, with manufacturing facilities in the Netherlands,
Germany, and the U.K.
SABIC acquired Huntsman
Petrochemicals (UK) in
2006 and renamed it SABIC
UK Petrochemicals. In 2007, SABIC acquired GE Plastics. Yousef Abdullah Al-Benyan has been vice-chairman and CEO of SABIC since 2015. Before that he was the CFO of the company. 3 National Commercial Bank
CEO: Faisal Omar Alsaggaf Sales: $6.8 B Profits: $3.1 B Assets: $135.3 B Market Value: $32.3 B
Sector: Banks & financial services Also known as “Al Bank AlAhli,” NCB has transformed to online, with 98% of all transactions now digital. It is the most profitable bank in Saudi with the largest revenues and is the second largest in terms of market value. NCB Capital was the main investment bank facilitating the Saudi Aramco IPO. On October 11, 2020, NCB and Samba financial group signed a legally binding merger agreement, which will create one of the biggest banks in the region. Faisal Omar A Alsaggaf has been the CEO since 2018. Alsaggaf is a Harvard university graduate. He was previously head of strategy at NCB and has over 30 years of experience in banking.