REVEALED: Top 10 Companies in Saudi Arabia In 2014

Despite the recent drop in oil prices, the real GDP of Saudi Arabia is expected to continue to grow at a stable rate in 2014 and 2015, underpinned by robust non-hydrocarbon activity.

IIF estimates non-hydrocarbon GDP to grow about five per cent in 2014, supported by the execution of large projects.

Riyadh has several ongoing construction activities including housing projects, a new financial centre, an additional airport terminal and a metro.

Saudi Arabia is expected to announce its 2015 to 2019 development plan in the coming months. New sectors such as automotives are expected to receive government support, which, in turn, is expected to nourish ancillary activity across related sectors.

Strong non-oil growth should receive additional support from recent labour market reforms, which had the effect of reducing unemployment.

In terms of value traded, Saudi Arabia witnessed a 30 per cent drop in 2013, from 2012 value of $512 billion, but bounced back with a 34 per cent increase in H1 2014 ($270 billion) over H1 2013.

Continuing credit growth and the introduction of the new mortgage law will spur activity in both banking and real estate sectors.

Top 10 Companies In Saudi ARABIA

(As of August 2014. Source: Reuters Eikon, Markaz Research)

1. Saudi Basic Industries Corp (SABIC)

MCap: $106.39 billion
Sector: Energy – Fossil Fuels

2. Saudi Telecom Co (STC)

MCap: $40.4 billion
Sector: Telecommunications Services

3. Al Rajhi Banking and Investment Corp

MCap: $33.69 billion
Sector: Banking & Investment Services

4. Kingdom Holding Co

MCap: $23.57 billion
Sector: Holding Companies

5. Saudi Electricity Co (SEC)

MCap: $19.66 billion
Sector: Utilities

6. Etihad Etisalat

MCap: $18.68 billion
Sector: Telecommunications Services

7. Riyad Bank

MCap: $18.68 billion
Sector: Banking & Investment Services

8. Saudi British Bank (SABB)

MCap: $17 billion
Sector: Banking & Investment Services

9. Samba Financial Group

MCap: $16.32 billion
Sector: Banking & Investment Services

10. Saudi Arabian Fertilizer Co

MCap: $14.82 billion
Sector: Energy – Fossil Fuels