THE MIDDLE EAST'S TOP 100 LISTED COMPANIES 2025

MENA's top 100 listed companies experienced a modest downturn last year, with aggregate net profit declining 1.2% to $237.4 billion and market capitalization decreasing by 3.6% to $3.5 trillion as of April 2025. However, aggregate sales for the 100 companies grew by 12.2% to $1.1 trillion, and assets hit $5.4 trillion compared to $4.9 trillion a year earlier, reflecting a 10.8% growth.

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The GCC continues to dominate the list with 91 entries, led by the U.A.E. with 33 entries, Saudi Arabia with 30, and Qatar with 12. The list also features 10 companies from Kuwait, four each from Morocco and Oman, three from Egypt, and two entries each from Jordan and Bahrain.

Saudi Aramco tops the list with $1.7 trillion in market capitalization and $106.2 billion in profits, followed by the International Holding Company in second place, and the QNB Group and the Saudi National Bank in third place. Banking and financial services is the most represented sector with 45 entries, followed by the industrials and telecommunications sectors with nine companies each. However, the energy sector, represented by six companies, continues to be the most profitable, with $114 billion in profits thanks to Aramco.

The 2025 list features five new companies, of which four are newly listed, including Oman's OQ Exploration and Production (OQEP), Lulu Retail Holdings, Agility Global, and NMDC Energy. Saudi SABIC has rejoined the list, rebounding from a $102.5 million loss in 2023 to a $993 million profit in 2024.

1 Saudi Aramco

Amin H. Nasser: President & CEO

Country: Saudi Arabia

Sector: Energy

Market Value: $1.7 trillion

Sales: $480.4 billion

Profits: $106.2 billion

Assets: $646.3 billion