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Saudi Arabia dominates Forbes Middle East's top 100 listed companies in region

Saudi Arabia dominates Forbes Middle East's top 100 listed companies in region
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Mubasher: Saudi Arabian Oil Company (Aramco) has led Forbes Middle East's top 100 listed companies in the Middle East for 2022 for the third year in a row, with $400.5 billion in sales and $2.3 trillion in market value.

Forbes Middle East has published its annual ranking of the region's top 100 listed companies for 2022, based on gathered data on their sales, profits, assets, and market value, according to a press release.

Saudi Arabia dominated the list with 33 listed companies, followed by the UAE with 25 entries, and Qatar with 16.

The list also includes eight listed companies in Kuwait, five in Morocco, five in Bahrain, three in Jordan, and three in Egypt.

Saudi Aramco was followed by Saudi Basic Industries Company (SABIC) with $46.6 billion in sales and a valuation of $100.5 billion and QNB Group with $14 billion in sales and $59.1 billion in market value.

Amongst sectors, the banking and financial services segment is the most represented in this year's ranking with 42 entries, while the industrials and telecommunications segment recorded 11 entries each in the list.