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MENA's Most Profitable Companies
Forbes Middle East - English
|June 2025 English
The five most profitable companies in MENA collectively reported $131.8 billion in earnings in 2024, representing over 55% of the total profits generated by the region's top 100 companies.
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1 Saudi Aramco
Profits: $106.2 billion
Country: Saudi Arabia
Saudi Aramco is the world's largest integrated energy and chemicals company. The company reported a 12.4% decline in net profits from $121.3 billion in 2023 to $106.2 billion in 2024 due to lower revenue, other income related to sales, higher operating costs, and lower finance and other income. In June 2024, Aramco raised $12.35 billion through a secondary offering of 1.7 billion shares and awarded over $25 billion in contracts to support its gas expansion plan, targeting a 60% increase in sales gas production capacity by 2030 from 2021 levels. The oil giant signed 34 MoUs and agreements with major U.S. companies valued at $90 billion in May 2025.
2 International Holding Company (IHC)
Profits: $7 billion
Country: U.A.E.
This story is from the June 2025 English edition of Forbes Middle East - English.
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