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Top 100 Listed Companies in 2023: A Comprehensive Overview of the Middle East's Business Landscape

The Middle East's business landscape continues to evolve, with companies across various sectors making significant strides. In this comprehensive article, we explore the top 100 listed companies in the region for 2023. Discover the key players, their market capitalizations, and their contributions to the economy. Gain valuable insights into the Middle East's thriving corporate sector and its impact on regional development.


The Top 100 Listed Companies in the Middle East

The top 100 listed companies in the Middle East represent a diverse range of industries, including finance, energy, telecommunications, retail, and construction. These companies have demonstrated exceptional performance and market dominance.


Source: Forbes Middle East - "Top 100 Listed Companies 2023


Topping the list is Saudi Aramco, the world's largest oil company, with a staggering market capitalization of $2.4 trillion. Its strategic significance in the global energy market and its contribution to Saudi Arabia's economy cannot be overstated.

Other notable companies include Emirates NBD, a leading banking group in the United Arab Emirates (UAE), with a market capitalization of $46 billion, and Qatar National Bank, the largest financial institution in Qatar, with a market capitalization of $36 billion. These companies have consistently exhibited strong financial performance and played pivotal roles in their respective economies.


Industry Breakdown and Market Capitalizations

The top 100 listed companies span a wide range of industries, highlighting the Middle East's economic diversity and resilience. The finance sector dominates the list, with several banking and financial institutions making significant contributions to the regional economy.

Energy companies, especially those involved in oil and gas exploration and production, hold substantial positions in the rankings. Telecommunications giants, retail conglomerates, and construction firms also feature prominently, showcasing the region's rapid development and growing consumer market.

When analyzing market capitalizations, it becomes evident that companies in the energy sector wield substantial financial clout. The cumulative market capitalization of the top 10 energy companies in the Middle East surpasses $3 trillion, emphasizing their economic significance.


Economic Impact and Job Creation

The top 100 listed companies in the Middle East have a profound impact on regional economic development and job creation. These companies not only generate significant revenues but also contribute to employment opportunities across various sectors.

For instance, a single company like Saudi Aramco employs a massive workforce, providing job security and economic stability to thousands of individuals. Additionally, the presence of large banking groups like Emirates NBD and Qatar National Bank contributes to financial stability and facilitates capital flow, driving economic growth.

The combined efforts of the top 100 listed companies have fostered innovation, attracted foreign investment, and diversified the region's economies. Their contributions to infrastructure development, technological advancements, and corporate social responsibility initiatives have helped create a robust business ecosystem in the Middle East.



The top 100 listed companies in the Middle East play a pivotal role in driving economic growth and shaping the region's business landscape. From energy giants to financial institutions and conglomerates, these companies demonstrate resilience, innovation, and market leadership. Their market capitalizations and contributions to job creation underscore their significance in regional development. As the Middle East continues to evolve and diversify its economies, these companies will remain key drivers of progress and prosperity.


Source: Forbes Middle East - "Top 100 Listed Companies 2023

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