Sunday, December 10, 2017
SAUDI ARABIA'S TOP 10 COMPANIES IN 2017
Top ten companies in Saudi Arabia for the year 2017, After a down fall in stocks of the companies due to anti corruption drive that covered various businesses, royals and ministers. New : On Arrival visas for expats newborns
SABIC remained in the top in terms of earnings in the first half, while Corporate earnings grew 7% in its first half and positive results from the non oil sector.
1. SAUDI BASIC INDUSTRIES CORPORATION (SABIC)
Sector : Energy, Fossil fuels Recommend : New visa center for Indians in Jubail
Market Capitalization : 78.40 Billion Dollars
2. SAUDI TELECOM COMPANY (STC)
Sector : Telecommunication Services
Market Capitalization : 36.91 Billion Dollars
3. AL RAJHI BANKING & INVESTMENT CORPORATION
Sector : Banking & Investment Services
Market Capitalization : 27.30 Billion Dollars See Also : No VAT on government services fee
4. NATIONAL COMMERCIAL BANK (NCB)
Sector : Banking & Investment services
Market Capitalization : 25.79 Billion Dollars
5. SAUDI ELECTRICITY COMPANY
Sector : Utilities
Market Capitalization : 25.44 Billion Dollars
6. JABAL OMAR DEVELOPMENT CO
Sector : Real Estate
Market Capitalization : 16.11 Billion Dollars
7. SAUDI ARABIAN MINING CO
Sector : Mineral Resources Read : No VAT on employee salaries
Market Capitalization : 15.03 Billion Dollars
8. ALMARAI CO
Sector : Food & Beverage
Market Capitalization : 14.21 Billion Dollars
9. SAMBA FINANCIAL GROUP
Sector : Banking & Investment Services
Market Capitalization : 12.11 Billion Dollars
10. SAUDI BRITISH BANK
Sector : Banking & Investment Services
Market Capitalization : 10.24 Billion Dollars
