The Kingdom of Saudi Arabia, that is commonly known as Saudi Arabia, is ranked as one of the most powerful countries and one of the richest thanks to its economic growth which increases rapidly. There are many companies that are based in Saudi Arabia and are ranked among the best companies in the world not just in Saudi Arabia. If you live in Saudi Arabia or even want to travel there to find a job, take a look at the following top 10 companies in Saudi Arabia that are ranked on the basis of market capitalization.
10 Tasnee
It is a petrochemical company that specializes in manufacturing chemical products. The company’s market capitalization is approximately $6.03 billion while the annual revenue is about $5.24 billion.
It specializes in offering banking services. The annual revenue of Banque Saudi Fransi is approximately $1.02 billion while the market capitalization is estimated to be $8.56 billion.
8 SABB
It is short for the Saudi British Bank. It was founded in 1978 to offer its financial and banking services. The headquarters of SABB is located in Riyadh, Saudi Arabia and it has a branch in London. SABB’s market capitalization is approximately $8.61 billion while its annual revenue is about $1.41 billion.
It presents its financial and banking services since it was founded in 1957. The headquarters of the bank is located in Riyadh, Saudi Arabia. The annual revenue of Riyad Bank is approximately $1.37 billion and its market capitalization is about $9.68 billion.
6 Mobily
It is a telecommunications company that was founded in 2005. The annual revenue of the company is about $5.35 billion and its market capitalization is estimated to be nearly $11.15 billion.
5 SAMBA
It is one of the largest banking and financial institutions in Saudi Arabia. SAMBA is short for Saudi American Bank and it was founded in 1980. SAMBA’s annual revenue is nearly $1.74 billion and its market capitalization is about $11.78 billion.
4 Saudi Electricity
It is one of the largest companies that are based in Saudi Arabia for offering different services which are related to generating and distributing electricity. The company’s market capitalization is about $15.72 billion while the annual revenue that it generates is around $$8.15 billion.
It is one of the leading telecommunications companies that are based in Saudi Arabia. STC is short for Saudi Telecom Company. It was founded in 1998 and its annual revenue is about $15 billion while the market capitalization is almost $19.46 billion.
It is the largest Islamic bank not only in Saudi Arabia, but in the whole world. It was founded in 1975 and its headquarters is located in Riyadh, Saudi Arabia. The annual revenue of the bank is about $3.39 billion and its market capitalization is approximately $29.59 billion.
1 SABIC
It is Saudi Arabia’s largest public company and it specializes in petrochemicals. The company was founded in 1976 and its headquarters is located in Riyadh, Saudi Arabia. The company’s market capitalization is estimated to be approximately $75.98 billion while the annual revenue that it generates is about $50.65 billion.