Home GCC Saudi Arabia Revealed: Top 10 companies in Saudi Arabia in 2018 The biggest listed companies in Saudi Arabia by market capitalisation by Gulf Business November 22, 2018 Saudi Arabia’s Tadawul, which had a good first half registering double digit gains consequently pared down its gains as the news of much awaited Saudi Aramco IPO was put on hold. The recovery of oil price, which has now more than doubled since its low in 2016, and successful issuance of bonds to raise capital from international markets has enabled Saudi Arabia to better manage its finances. For most of this year, Saudi Arabia has been a favourite among investors, largely because of Saudi Arabia’s inclusion into the MSCI emerging markets index. Debt market Since the decrease in oil revenues, following the precipitous price plunge in mid-2014, Saudi Arabia has been one of the biggest bond issuers in emerging markets, beginning with its sale of dollar bonds in 2016. It raised $21.5bn in 2017 and $17.5bn in 2016, and plans to borrow the equivalent of $31bn this year to bridge the expected budget deficit of $52bn and to fund growth plans after its economy shrank last year. Furthermore, Saudi Arabia has raised $2bn in new Sukuk, or Islamic bonds, completing its external funding requirements for 2018. TOP 10 SAUDI ARABIAN COMPANIES BY MARKET CAP (By market capitalisation as of September 11, 2018. Source: Reuters Eikon, Markaz Research) 1. Saudi Basic Industries Corporation (SABIC) Market capitalisation: $95.18bn Sector: Chemicals Change in ranking: 0 2. Saudi Telecom Company (STC) Market capitalisation: $44.15bn Sector: Telecommunication Change in ranking: 1 3. Al Rajhi Banking & Investment Corporation Market capitalisation: $36.18bn Sector: Banking and Financial Services Change in ranking: 0 4. National Commercial Bank Market capitalisation: $32.79bn Sector: Banking and Financial services Change in ranking: 0 5. Saudi Electricity Company Market capitalisation: $18.89bn Sector: Utilities Change in ranking: 0 6. Saudi Arabian Mining Co (Maaden) Market capitalisation: $15.73bn Sector: Chemicals Change in ranking: 2 7. Samba Financial Group Market capitalisation: $15.49bn Sector: Banking and Financial Services Change in ranking: 5 8. Almarai Co Market capitalisation: $14.05bn Sector: Food and Beverages Change in ranking: 0 9. Saudi British Bank Market capitalisation: $12.94bn Sector: Banking and Financial Services Change in ranking: 5 10. Riyad Bank Market capitalisation: $12.48bn Sector: Banking and Financial Services Change in ranking: 6 Also read: Revealed: Top 10 companies in the UAE in 2018 Tags Almarai Co list National Commercial Bank Riyad Bank Samba Financial Group Saudi Arabia Saudi Arabian Mining Co Saudi Basic Industries Corporation Saudi British Bank Saudi Electricity Company Saudi Telecom Company Top 10 Top 10 companies Top 10 companies Saudi Arabia 0 Comments You might also like Saudia, Delta Air Lines team up to expand global network OPEC+ panel sticks to output policy, doubles down on compliance Oil prices jump as Iran-Israel missile strikes fuel market jitters Saudi’s ROSHN secures $2.4bn syndicated loan to drive growth