top100-companies-2016

Special Report: Top 100 GCC Companies 2014

The Gulf’s largest companies by market capitalisation, revenues and countries, as researched by Markaz.

The last year has been fabulous for GCC countries, with substantial fiscal surpluses and increased state spending ensuring healthy growth rates.

Overall GCC market liquidity level surged to $414 billion in the first half of 2014, an increase of 56 per cent over the equivalent period from previous year.

The highlights for the first half of this year were the upgrade to emerging status accorded to the UAE and Qatar markets, Saudi’s capital market authority announcing that Tadawul would be opened up to foreign institutional investors by 2015, and a record number and value of IPOs since 2008.

The road ahead

Following the successful upgrade of the UAE and Qatar markets into the MSCI Emerging Market Index, Saudi Arabia is vying for a similar upgrade. The announcement to allow foreign investor participation, albeit in a regulated manner, is seen as the first step in a bid to ramp up market reforms.

For the UAE, the preparations to host the World Expo 2020 should keep non-oil growth ticking, while Qatar has several on-going projects in roads, ports, rail, metro, real estate developments and a new central business district in Lusail, as part of its infrastructure build-up to the World Cup. In Kuwait, the ensuing political stability has increased optimism for a revival in investment cycle.

However, fluctuating oil prices would impact government spending, and will have a spillover effect on other sectors in the GCC region.

Company Name Country  Market Cap ($BN) 2014 2013
Saudi Basic Industries Corp (SABIC) Saudi Arabia 106.39 1 1
Saudi Telecom Co (STC) Saudi Arabia 40.4 2 6
Qatar National Bank (QNB) Qatar 37.19 3 2
Al Rajhi Banking and Investment Corp Saudi Arabia 33.69 4 3
Industries Qatar Qatar 31.55 5 4
Emirates Telecommunication Corp Ltd UAE 24.86 6 5
Kingdom Holding Co Saudi Arabia 23.57 7 8
Emaar Properties UAE 21.74 8 21
Saudi Electricity Co (SEC) Saudi Arabia 19.66 9 11
First Gulf Bank (FGB) UAE 19.59 10 12
Etihad Etisalat Saudi Arabia 18.68 11 7
Riyad Bank Saudi Arabia 18.68 12 20
National Bank of Abu Dhabi (NBAD) UAE 18.18 13 9
Saudi British Bank (SBB) Saudi Arabia 17 14 18
National Bank of Kuwait (NBK) Kuwait 16.87 15 10
Samba Financial Group Saudi Arabia 16.32 16 15
DP World Ltd UAE 16.02 17 13
Saudi Arabian Fertilizer Co Saudi Arabia 14.82 18 14
Emirates NBD Bank UAE 14.65 19 28
Ezdan Holding Group Qatar 13.64 20 16
Banque Saudi Fransi Saudi Arabia 13.08 21 27
Jabal Omar Development Co Saudi Arabia 13.01 22 25
Almarai Co Saudi Arabia 12.52 23 23
Kuwait Finance House (KFH) Kuwait 12.33 24 22
Abu Dhabi Commercial Bank UAE 12.19 25 29
Savola Group Saudi Arabia 12.03 26 31
Yanbu National Petrochemical Co Saudi Arabia 11.62 27 24
Mesaieed Petrochemical Holding Co Qatar 11.56 28 N/A
Masraf Al Rayan Qatar 11.39 29 34
Ooredoo Qatar 10.78 30 17
Saudi Arabian Mining Co Saudi Arabia 10.58 31 32
Alinma Bank Saudi Arabia 10.04 32 33
Mobile Telecommunications Co Kuwait 9.89 33 19
Arab National Bank Saudi Arabia 9.63 34 30
Aldar Properties UAE 8.58 35 35
Dubai Islamic Bank (DIB) UAE 8.5 36 51
Rabigh Refining and Petrochemical Saudi Arabia 8.18 37 52
Qatar Islamic Bank (QIB) Qatar 7.54 38 41
Dubai Financial Market (DFM) UAE 7.54 39 42
Emirates Integrated Telecommunications Co UAE 7.31 40 26
Saudi Kayan Petrochemical Co Saudi Arabia 6.96 41 40
National Industrialization Co Saudi Arabia 6.96 42 38
Fawaz Abdulaziz Alhokair Co Saudi Arabia 6.65 43 49
Saudi Hollandi Bank Saudi Arabia 6.51 44 45
Mashreqbank UAE 6.21 45 86
Gulf International Services Qatar 5.97 46 95
Arabtec Holding UAE 5.77 47 96
Qatar Electricity and Water Co Qatar 5.62 48 39
Commercial Bank of Qatar Qatar 5.62 49 37
Abu Dhabi Islamic Bank UAE 5.55 50 67
Bank Albilad Saudi Arabia 5.41 51 63
Al Tayyar Travel Group Saudi Arabia 5.11 52 77
Qatar Fuel Qatar 5.1 53 36
Saudi Industrial Investment Group Saudi Arabia 5.09 54 60
Saudi Investment Bank Saudi Arabia 5.07 55 56
Union National Bank UAE 5.06 56 48
Jarir Marketing Co Saudi Arabia 4.96 57 58
Vodafone Qatar Qatar 4.93 58 91
Ahli United Bank Bahrain 4.88 59 50
Saudi Cement Co Saudi Arabia 4.81 60 43
Kuwait Food Co Kuwait 4.52 61 62
Dar Al Arkan Real Estate Development Co Saudi Arabia 4.52 62 65
National Bank of Ras Al Khaimah UAE 4.52 63 69
National Petrochemical Co Saudi Arabia 4.52 64 72
Qatar Insurance Co Qatar 4.41 65 90
Southern Province Cement Co Saudi Arabia 4.39 66 46
Doha Bank Qatar 4.36 67 54
Barwa Real Estate Co Qatar 4.31 68 73
Saudi Airlines Catering Co Saudi Arabia 4.29 69 79
Emaar The Economic City Saudi Arabia 4.22 70 81
Saudi International Petrochemical Co Saudi Arabia 4.21 71 83
Bank Muscat Oman 4.15 72 59
Bank Aljazira Saudi Arabia 3.97 73 82
Dubai Investments UAE 3.95 74 99
Commercial Bank of Dubai (CBD) UAE 3.78 75 88
Kuwait Projects Company Holding Kuwait 3.78 76 78
Makkah Construction and Development Co Saudi Arabia 3.7 77 64
Qatar Gas Transport Co Ltd Qatar 3.68 78 74
Commercial Bank of Kuwait (CBK) Kuwait 3.67 79 61
Qatar International Islamic Bank Qatar 3.63 80 87
Yamamah Saudi Cement Co Saudi Arabia 3.59 81 76
Agility Public Warehousing Co Kuwait 3.53 82 75
Boubyan Bank Kuwait 3.52 83 44
Gulf Bank Kuwait 3.47 84 47
National Shipping Company of Saudi Arabia Saudi Arabia 3.46 85 N/A
Oman Telecommunications Co Oman 3.43 86 66
Ahli United Bank Kuwait 3.32 87 57
Yanbu Cement Co Saudi Arabia 3.27 88 68
Burgan Bank Kuwait 3.23 89 55
Mobile Telecommunications Company Saudi Arabia Saudi Arabia 3.21 90 70
Sahara Petrochemical Co Saudi Arabia 3.15 91 97
Qatar Navigation Qatar 2.96 92 84
United Development Co Qatar 2.84 93 92
Mabanee Co Kuwait 2.7 94 80
Aamal Co Qatar 2.68 95 85
National Mobile Telecommunications Co Kuwait 2.62 96 53
Qassim Cement Co Saudi Arabia 2.52 97 94
Al Ahli Bank of Kuwait Kuwait 2.42 98 71
Ahli Bank Qatar 2.4 99 98
Advanced Petrochemical Co Saudi Arabia 2.39 100 N/A

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