Saudi leads top Arab listed companies, UAE leads top ranking private firms

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Time: June 19, 2018

With oil prices recovering steadily, it has been a good year for businesses across the region.

Stock market performance is often seen as a barometer of an economy and most of the region’s bourses have seen increases in their indices last year.

Tadawul, the stock market of the Middle East’s biggest economy, has seen a growth of over 10% year to date.

Some of the key reforms that most governments in the region are trying to implement are to reduce reliance on the public sector as a main economic driver and promote more private sector involvement.

Factoring these into their calculations, Forbes Middle East presents the top companies in the Arab region, which also includes the top 100 Listed and 50 top Private Companies in the Arab World 2018.

Companies in the region have seen significant growth with all four metrics that Forbes tracks—namely revenues, profits, market value and total assets—seeing steady growth.

Total assets of Forbes’ top publically listed companies have increased by $200 billion to $2.9 trillion.

Saudi Sabic tops this list, and kingdom companies occupy nearly a third of the Top 100 Companies listed on Tadawul.

This article was first published in AMEinfo

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