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Report: 100 most powerful company in the Arab world for the year 2017 worth $ 772 billion, Saudi Arabia dominates ..


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Report: 100 most powerful company in the Arab world for the year 2017 worth $ 772 billion, Saudi Arabia dominates ..

File photo of Riad

Dubai, United Arab Emirates (CNN) - The total market value of the 100 most powerful company in the Arab world $ 772 billion in April / April 2017, an increase of 12 per cent from the previous year, according to "Forbes" magazine.

She said, "Forbes" in its report that the performance of companies in the Arab region during the year 2016 has seen an improvement due to higher oil prices compared to the previous year, and the rise of stock markets in the region.

 

She added, "Forbes" Saudi Arabia "dominate" on the list, a representative of the company to 36, led by Saudi Basic Industries Corporation (SABIC), which came in first place as the largest company in Saudi Arabia and the Arab world. Followed by Qatar and the UAE with 19 and 17 Mmtltan companies respectively.

Identified the "Forbes" evaluated based on four criteria: market value, sales, net profit and total assets, and got each company on 4 ratings based on their rankings in each standard within the list, and then the four criteria were collected relative weights equal to Blua grade rating company.

 

Below we show the strongest ten companies annexed "Forbes" list:

Company Country Sector Market value ($)
Saudi Basic Industries Corporation (SABIC) Saudi Arabia  Petrochemicals 80.7 billion
Qatar National Bank (QNB) Diameter Banks and Financial Services 37.7 billion
First Bank of Abu Dhabi United Arab Emirates Banks and Financial Services 33.7 billion
The National Commercial Bank (NCB) Saudi Arabia Banks and Financial Services 20.7 billion
communication United Arab Emirates Telecommunications 43.1 billion
Al Rajhi Bank Saudi Arabia Banks and Financial Services 27.7 billion
Emirates NBD United Arab Emirates Banks and Financial Services 13.1 billion
Saudi Electricity Company Saudi Arabia Facilities and Services 26.7 billion
Saudi Telecom Saudi Arabia Telecommunications 37.5 billion
National Bank of Kuwait Group (NBK) Kuwait Banks and Financial Services 13.4 billion
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