lists Top 100 GCC Companies 2016
It has been a difficult time for companies in the GCC, where indices continued to witness declines in 2016 due to persistent low oil prices, poor corporate earnings and diminished investments into equity markets. Looking ahead, GCC markets continue to face headwinds as oil prices hover around $50/barrel, almost 50 per cent lower than price…
It has been a difficult time for companies in the GCC, where indices continued to witness declines in 2016 due to persistent low oil prices, poor corporate earnings and diminished investments into equity markets.
Looking ahead, GCC markets continue to face headwinds as oil prices hover around $50/barrel, almost 50 per cent lower than price levels in 2013 and 2014. With earnings growth expectations remaining weak, the performance of GCC markets is forecast to remain dull in the coming months.
| Company Name | Country | Market Cap ($BN) | 2016 | 2015 |
|---|---|---|---|---|
| Saudi Basic Industries Corporation | Saudi Arabia | 66.98 | 1 | 1 |
| Emirates Telecommunications Group Co | UAE | 47.24 | 2 | 3 |
| Qatar National Bank | Qatar | 35.56 | 3 | 2 |
| Saudi Telecom Co | Saudi Arabia | 28.79 | 4 | 4 |
| Al Rajhi Banking & Investment Corporation | Saudi Arabia | 22.42 | 5 | 6 |
| Saudi Electricity Co | Saudi Arabia | 18.88 | 6 | 8 |
| National Commercial Bank | Saudi Arabia | 23.57 | 7 | 5 |
| Industries Qatar | Qatar | 17.66 | 8 | 7 |
| DP World Ltd | UAE | 15.69 | 9 | 11 |
| First Gulf Bank (FGB) | UAE | 13.85 | 10 | 10 |
| Emaar Properties | UAE | 13.45 | 11 | 18 |
| Jabal Omar Development Co | Saudi Arabia | 12.82 | 12 | 12 |
| Ezdan Holding Group | Qatar | 12.38 | 13 | 14 |
| National Bank of Abu Dhabi | UAE | 12.34 | 14 | 15 |
| Emirates NBD Bank | UAE | 12.26 | 15 | 17 |
| Almarai Co | Saudi Arabia | 11.57 | 16 | 13 |
| National Bank of Kuwait | Kuwait | 11.02 | 17 | 16 |
| Kingdom Holding Co | Saudi Arabia | 10.27 | 18 | 9 |
| Saudi Arabian Mining Co | Saudi Arabia | 9.84 | 19 | 26 |
| Abu Dhabi Commercial Bank | UAE | 9.72 | 20 | 20 |
| Samba Financial Group | Saudi Arabia | 9.41 | 21 | 19 |
| Emaar Malls Group | UAE | 9.21 | 22 | 23 |
| Ooredoo | Qatar | 8.29 | 23 | 18 |
| Kuwait Finance House (KFH) | Kuwait | 8.08 | 24 | 27 |
| Riyad Bank | Saudi Arabia | 7.96 | 25 | 21 |
| Emirates Integrated Telecommunications Company | UAE | 7.84 | 26 | 38 |
| Saudi British Bank | Saudi Arabia | 7.48 | 27 | 22 |
| Masraf Al Rayan | Qatar | 7.23 | 28 | 28 |
| Saudi Arabia Fertilizers Co | Saudi Arabia | 7.19 | 29 | 24 |
| Yanbu National Petrochemicals Co | Saudi Arabia | 7.15 | 30 | 36 |
| Dubai Islamic Bank | UAE | 6.93 | 31 | 32 |
| Qatar Islamic Bank | Qatar | 6.68 | 32 | 30 |
| Banque Saudi Fransi | Saudi Arabia | 6.51 | 33 | 25 |
| Qatar Electricity and Water Co | Qatar | 6.50 | 34 | 37 |
| Mesaieed Petrochemical Holding Co | Qatar | 5.91 | 35 | 33 |
| Qatar Insurance Co | Qatar | 5.75 | 36 | 47 |
| Aldar Properties | UAE | 5.61 | 37 | 44 |
| Mobile Telecommunications Company | Kuwait | 4.80 | 38 | 40 |
| Alinma Bank | Saudi Arabia | 4.56 | 39 | 34 |
| Ahli United Bank | Bahrain | 4.34 | 40 | 50 |
| Savola Group Co | Saudi Arabia | 4.27 | 41 | 29 |
| Commercial Bank of Dubai | UAE | 4.19 | 42 | 46 |
| Etihad Etisalat Co | Saudi Arabia | 4.04 | 43 | 39 |
| Arab National Bank | UAE | 4.03 | 44 | 31 |
| Ooredoo | Saudi Arabia | 3.82 | 45 | 62 |
| Qatar Fuel | Qatar | 3.71 | 46 | 58 |
| Damac Properties Dubai Co | UAE | 3.64 | 47 | 43 |
| Barwa Real Estate Co | Qatar | 3.58 | 48 | 48 |
| Qatar Gas Transport Co Ltd | Qatar | 3.52 | 49 | 61 |
| Commercial Bank | Qatar | 3.52 | 50 | 45 |
| Kuwait Food Co | Kuwait | 3.41 | 51 | 66 |
| Mashreq bank | UAE | 3.38 | 52 | 41 |
| DXB Entertainments | UAE | 3.27 | 53 | N/A |
| National Shipping Company of Saudi Arabia | Saudi Arabia | 3.24 | 54 | 56 |
| Abu Dhabi Islamic Bank | UAE | 3.11 | 55 | 53 |
| Oman Telecommunications Co | Oman | 3.00 | 56 | 67 |
| Union National Bank | UAE | 2.99 | 57 | 49 |
| Saudi Hollandi Bank | Saudi Arabia | 4.93 | 58 | 42 |
| Qatar Navigation | Qatar | 2.76 | 59 | 71 |
| Boubyan Bank | Kuwait | 2.73 | 60 | 79 |
| Emaar The Economic City | Saudi Arabia | 2.70 | 61 | 88 |
| Qatar Aamal Co International Islamic Bank | Qatar | 2.68 | 62 | 72 |
| Dubai Financial Market | United Arab Emirates | 2.66 | 63 | 57 |
| Doha Bank | Qatar | 2.65 | 64 | 59 |
| Kuwait Projects Company Holding | Kuwait | 2.64 | 65 | 77 |
| Aamal Co | Qatar | 2.58 | 66 | 93 |
| Bank Muscat | Oman | 2.58 | 67 | 73 |
| Vodafone Qatar | Qatar | 2.53 | 68 | 68 |
| Saudi Kayan Petrochemical Co | Saudi Arabia | 2.44 | 69 | 63 |
| Bank Albilad | Saudi Arabia | 2.38 | 70 | 64 |
| Rabigh Refining and Petrochemical Co | Saudi Arabia | 2.38 | 71 | 55 |
| Mabanee Company | Kuwait | 2.37 | 72 | 86 |
| National Bank of Ras Al Khaimah | UAE | 2.33 | 73 | 70 |
| Gulf Bank | Kuwait | 2.32 | 74 | 81 |
| National Industrialization Co | Saudi Arabia | 2.32 | 75 | 91 |
| Southern Province Cement Co | Saudi Arabia | 2.28 | 76 | 76 |
| Dubai Investments | UAE | 2.22 | 77 | 84 |
| Ahli United Bank | Kuwait | 2.21 | 78 | 78 |
| Bupa Arabia for Cooperative Insurance | Saudi Arabia | 2.19 | 79 | 80 |
| Burgan Bank | Kuwait | 2.17 | 80 | 83 |
| Saudi Cement Co | Saudi Arabia | 2.16 | 81 | 75 |
| National Bank of Bahrain | Bahrain | 2.15/td> | 82 | N/A |
| Company for Cooperative Insurance | Saudi Arabia | 2.13 | 83 | 89 |
| Advanced Petrochemical Co | Saudi Arabia | 2.08 | 84 | N/A |
| Ahli Bank | Qatar | 2.07 | 85 | 87 |
| Saudi Ground Services Co | Saudi Arabia | 2.04 | 86 | 69 |
| National Petrochemical Co | Saudi Arabia | 2.00 | 87 | 90 |
| Jarir Marketing Co | Saudi Arabia | 1.97 | 88 | 51 |
| Commercial Bank of Kuwait K | Kuwait | 1.93 | 89 | 85 |
| United Development Co | Qatar | 1.92 | 90 | 95 |
| National Bank of Umm Al Qaiwain | UAE | 1.91 | 91 | N/A |
| National Mobile Telecommunications Co | Kuwait | 1.90 | 92 | N/A |
| Agility Public Warehousing Co | Kuwait | 1.89 | 93 | 92 |
| Saudi Investment Bank | Saudi Arabia | 1.87 | 94 | 60 |
| Gulf International Services | Qatar | 1.80 | 95 | 65 |
| Al Khalij Commercial Bank | Qatar | 1.79 | 96 | 99 |
| Saudi Airlines Catering Co | Saudi Arabia | 1.77 | 97 | 74 |
| Arabtec Holding | UAE | 1.76 | 98 | 94 |
| Qatari Investors Group | Qatar | 1.73 | 99 | 99 |
| Al Ahli Bank of Kuwait | Kuwait | 1.66 | 100 | N/A |