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.
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.
Top 100 Listed Companies 2025
Methodology
We collected data from the main markets in the Arab stock exchanges and ranked the publicly listed companies based on their reported sales, assets, and profits for the financial year of 2024 and market value as of April 25, 2025. Each metric was given equal weight, and companies with the same final scores were given the same rank.
We excluded companies that hadn’t disclosed their 2024 full-year audited financial statements as of April 25, 2025. Currency exchange rates were taken as of April 25, 2025.
New companies are marked with an asterisk (*) and returning ones with a return symbol (⏎).
Methodology
We collected data from the main markets in the Arab stock exchanges and ranked the publicly listed companies based on their reported sales, assets, and profits for the financial year of 2024 and market value as of April 25, 2025. Each metric was given equal weight, and companies with the same final scores were given the same rank.
We excluded companies that hadn’t disclosed their 2024 full-year audited financial statements as of April 25, 2025. Currency exchange rates were taken as of April 25, 2025.