REVEALED: Top 10 Companies In Kuwait In 2014

The IMF estimates the real GDP of Kuwait to rebound to 2.6 per cent in 2014 and 3.0 per cent in 2015 after a slowdown in 2013. In the near term, hydrocarbon sector growth is expected to be flat due to a rise in oil supply globally, on account of easing of sanctions imposed earlier on Iran, and continued growth in supply from the US.

The non-oil sector is expected to drive growth in Kuwait. The recently announced second five-year development will continue to focus on infrastructure. Kuwait also enacted new legislation to ease impediments and attract foreign direct investment.

The ensuing political stability in Kuwait has renewed expectations on implementing the much needed structural reforms to revive the investment cycle. The materialisation of Kuwait’s development plan by way of tendering project contracts and execution is expected.

In terms of value traded, Kuwait posted a 40 per cent increase in 2013, from 2012 value of $26 billion, but fell 57 per cent in H1 2014 ($11 billion) over H1 2013.

Top 10 Companies In Kuwait

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

1. National Bank of Kuwait (NBK)

MCap: $16.87 billion
Sector: Banking & Investment Services

2. Kuwait Finance House (KFH)

MCap: $12.33 billion
Sector: Banking & Investment Services

3. Mobile Telecommunications Co

MCap: $9.89 billion
Sector: Telecommunications Services

4. Kuwait Food Co

MCap: $4.52 billion
Sector: Cyclical Consumer Services

5. Kuwait Projects Company Holding

MCap: $3.78 billion
Sector: Banking & Investment Services

6. Commercial Bank of Kuwait (CBK)

MCap: $3.67 billion
Sector: Banking & Investment Services

7. Agility Public Warehousing Co

MCap: $3.53 billion
Sector: Transportation

8. Boubyan Bank

MCap: $3.52 billion
Sector: Banking & Investment Services

9. Gulf Bank

MCap: $3.47 billion
Sector: Banking & Investment Services

10. Ahli United Bank

MCap: $3.32 billion
Sector: Banking & Investment Services

Also read- Special Report: Top 100 GCC Companies

REVEALED: Top 10 Companies in Saudi Arabia In 2014

REVEALED: Top 10 Companies in Qatar In 2014

REVEALED: Top 10 Companies in UAE In 2014