The Middle East's

Top 100 Listed
Companies 2022

1. Saudi Aramco

Country: Saudi Arabia

Sector: Energy

President and CEO: Amin H. Nasser

Market Value: $2.3 trillion

Sales: $400.5 billion

Profits: $110 billion

Assets: $576.7 billion

Aramco is the world’s largest oil company and most valuable worldwide as of May 11, 2022. Thanks to a surge in oil prices, Aramco’s share price hit new records in 2022. The company has lately increased its capital by $4 billion from its retained earnings. The Saudi government owns 94.2% of Aramco, and the company’s payment to the government hit $148.5 billion in 2021, up from $110 billion in 2020. In February 2022, Saudi Crown Prince Mohammed bin Salman said that 4% of the company’s shares had been transferred to the kingdom’s Public Investment Fund (PIF).