MENA's Most Profitable Companies

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.

- 

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.