The Middle East's

Top 100 Listed
Companies 2022

100. Bahrain Telecommunications Company (Batelco)

Country: Bahrain

Sector: Telecommunications

 CEO: Mikkel Vinter

Market Value: $2.4 billion

Sales: $1.1 billion

Profits: $198 million

Assets: $2.7 billion

Batelco operates across 12 countries, including Jordan, Saudi Arabia, Egypt, Yemen, Maldives, Jersey, Diego Garcia, Ascension Island, and the Falkland Islands. The company is listed on the Bahrain Bourse. Bahrain Mumtalakat Holding Company is the main shareholder with a 36.7% stake, followed by the British Amber Holding Company with 20%. The company’s net profit at the end of 2021 increased by 16.7%, reaching $197.6 million compared to $169.2 million at the end of 2020.