Home GCC Saudi Arabia Revealed: Top 10 companies in Saudi Arabia in 2017 The biggest listed companies in Saudi Arabia by market capitalisation by Staff Writer December 3, 2017 Saudi Arabia once against hosts the Gulf region’s largest listed company in 2017 with Saudi Basic Industries Corporation. SABIC also maintained the top position in terms of earnings in the first half. However, the wider stock exchange has not had a good year, down 4.4 per cent in year-to-date terms at the time our list was compiled and experiencing further shocks since then due to an anti-corruption drive that has enveloped businessmen, royals and ministers. Corporate earnings grew 7 per cent in the first half, with positive momentum mainly coming form the non-oil sector. There may be some impact next year as the kingdom introduces a 5 per cent value added tax rate alongside the UAE. TOP 10 COMPANIES IN SAUDI ARABIA (By market capitalisation as of October 11, 2017. Source: Reuters Eikon, Markaz Research) 1. Saudi Basic Industries Corporation Market capitalisation: $78.40bn Sector: Energy – fossil fuels 2. Saudi Telecom Company Market capitalisation: $36.91bn Sector: Telecommunications services 2. Al Rajhi Banking & Investment Corporation Market capitalisation: $27.30bn Sector: Banking and investment services 4. National Commercial Bank Market capitalisation: $25.79bn Sector: Banking and investment services 5. Saudi Electricity Company Market capitalisation: $25.44bn Sector: Utilities 6. Jabal Omar Development Co Market capitalisation: $16.11bn Sector: Real estate 7. Saudi Arabian Mining Co Market capitalisation: $15.03bn Sector: Mineral resources 8. Almarai Co Market capitalisation: $14.21bn Sector: Food and beverage 9. Samba Financial Group Market capitalisation: $12.11bn Sector: Banking and investment services 10. Saudi British Bank Market capitalisation: $10.24bn Sector: Banking and investment services Read: Revealed: Top 10 companies in Bahrain in 2017 Read: Revealed: Top 10 companies in Kuwait in 2017 Read: Revealed: Top 10 companies in the UAE in 2017 Tags Jabal Omar Development list lists Saudi Arabia Saudi Basic Industries Corporation Saudi Telecom Company Telecoms Top 10 0 Comments Share Tweet Share Share You might also like New Saudi carrier: NEOM Airlines to launch in 2024 Olayan Saudi Holding Company, Vamed to open hospital in Riyadh World’s first PLAY-DOH attractions to be launched in Saudi Arabia Is the region’s smartphone market expected to grow in 2023?