Fortune 500 arabia. 11 million Saudi riyals ($51. Saudi Electricity Company, a Fortune 500 Arabia company, saw its net profit in 2023 fall to SAR 10. January 27, 2024 Fortune 500 Arabia Features 26 Family-owned Businesses Being part of Fortune 500 Arabia does not only enhance the company’s visibility but also serves as a testament to existing customers, affirming their choice of a reliable partner. 25 million) in 2022. Nov 2, 2023 · There’s a new Fortune list out this week— Fortune 500 Arabia —which ranks the top 500 companies in the Arab world by revenues. The school will target four geographical areas: students in Saudi Arabia, students in the Arab world, students in Asia, Africa and South The Fortune 500 Arabia list, which ranks the largest 500 companies in the Arab world and North Africa by annual revenue, features 13 companies with a history dating back over 100 years. Mar 04, 2024. 6% of the total leadership positions on the list. Fortune 500 Arabia. 3 Nov 1, 2023 · The UAE is home to the headquarters of 87 Fortune 500 Arabia companies, accounting for about 17% of the list, generating $254. The UAE-based company's revenue stood at AED 710. Saudi Arabia snatched the highest number of F&B companies on Fortune 500 Arabia, with 10 companies operating in this sector. 9% stake in Probitas Bermuda Holdings - Bermuda to Aviva Insurance Company Limited of the United Kingdom. The Saudi company's revenue reached SAR 5. Fortune 500 Arabia Newsletter Register for free in the “Fortune 500 Arabia” newsletter to receive a weekly update with news about the 500 largest companies in the Arab region. 97 billion UAE dirhams (USD 537. Unveiled after nearly seven decades since the inception of the globally acclaimed Fortune 500 list in the USA, this new list represents a pivotal moment in the region’s business world, and Dec 18, 2023 · Fortune: The kingdom’s Vision 2030 sets an ambitious goal to transform Saudi Arabia into a global logistics hub. A. Abdulmohsen Al-Hokair Group for Tourism and Development Company (Al-Hokair Group), a Fortune 500 Arabia company, announced the completion of the acquisition of the Novotel Hotel and Suites building in Riyadh for SAR 38 million (USD 10. Dec 11, 2023 · Fortune 500 Arabia is brought to you by Benefits for our partners. Emirates Telecommunications Group Company (e&), listed on Fortune 500 Arabia, intends to invest USD 6 billion to enhance communication services across its markets in Africa, Asia, and the Middle East, covering 16 countries between 2024 and 2026, according to the disclosure made to Abu Dhabi Securities Exchange. Aug 2, 2023 · —Only 29 of the 500 companies are headed by women—but that is up five from a year ago. L. 7 billion) in 2022. Such an inclusion would not only offer a broader view of the region's diverse business ecosystem but could also significantly elevate the combined revenue figures. This is how the CEO of Arabian Cement Company, Sergio Alcantarilla Rodriguez, summarizes the added value and the differentiation factor that Fortune 500 Arabia brings. Jun 4, 2021 · Saudi Arabia dominates the list with 37 companies led by Saudi Aramco at #1, followed by the U. 03 billion (USD 542. In an interview with Fortune Arabia, Rohit Ramachandran said that Dec 28, 2023 · Fortune Arabia sat down with the CEO of ACE Gallagher Holding W. It ranked 240th on the list, with revenues of AED 1. With a career marked by a wealth of Nov 19, 2023 · Fortune Arabia released today Fortune 500 Arabia, the list that ranks the 500 largest corporations in the Arab region according to their annual revenues. 62% year-on-year rise in its revenue for 2022, with growing demand and higher tourist inflows. Oct 31, 2023 · This ranks the UAE second after Saudi Arabia, whose 153 companies generated USD 813. 6h. 33 billion. —The combined revenues of the Fortune Global 500 were $41 trillion, equal to more than one-third of 1. But the Fortune Global Jan 9, 2024 · Saudi, Egyptian, Emirati, and Kuwaiti CEOs dominated the highest number of leadership positions in the companies on the 2023 Fortune 500 Arabia list. Madinet Masr, formerly known as Madinet Nasr for Housing & Development, posted revenue of 5. 4 billion (USD 17. Nov 1, 2023 · The total revenues listed on Fortune 500 Arabia for last year amounted to approximately 1. The corporations on our annual list of the world’s largest companies showed their muscle in 2022, delivering record-high aggregate revenues of $41 trillion. 02 million) in its income statement for the current fiscal year following the liquidation of a contract guarantee by Kuwait Oil Company with its subsidiary, Arabi Energy and Technology Company (Arabi Enertech). 09 Fortune 500 Arabia’s number one company in terms of revenue ranked fifth when it comes to employee count, with a workforce totaling 70,496 employees, reflecting a 3% increase from the previous year when it stood at 68,493. The Saudi company's revenues reached SAR 502. reported a 28. (Credit: Fortune Arabia, Design: Osama Hereh) Two startups made it to Fortune 500 Arabia’s inaugural edition, and were able to compete with well established companies in terms of revenues and net profits achieved in 2022. Obeikan Glass is ranked 500th among the companies listed on the Fortune 500 Arabia list for 2023, which includes the 500 largest companies in the Arab region and North Africa in terms of annual revenues. The Saudi company's revenue was SAR 40. Content by Fortune 500 Arabia Partners January 22, 2024 Saudi Arabia’s green agenda from policy Jordan’s Gulf Cable and Multi Industries Company, a subsidiary of Kuwait’s Gulf Cable and Electrical Industries Company, a listed company on the Fortune 500 Arabia list, has won a tender worth KWD 3. The company stated that the acquisition was financed through a loan, and that the building was Mar 17, 2024. Almarai, listed on the Fortune 500 Arabia, has announced the full repayment of the first tranche of Sukuk, amounting to USD 500 million, due on March 5, 2024. In addition to new analyzes and profiles of Fortune 500 Arabia company leaders, news, as well as spotlights on potential companies that are might be nominated for the Saudi Arabia dominated the top 10 healthcare companies in the Middle East and North Africa, according to the 2023 Fortune 500 Arabia list. 64 billion Egyptian pounds ($137. Our debut on the Fortune 500 Arabia list reflects the successful evolution of Seera over the course of four decades to become a leading enabler of the travel and tourism industry in the Middle Jan 21, 2024 · The total revenues of Fortune 500 Arabia companies this year amounted to about $1. This was achieved after the company recorded accounting profits of SAR 482. Oct 31, 2023 · The UAE is home to the headquarters of 87 Fortune 500 Arabia companies, marking approximately 17 per cent of the list, generating a total of $254. Saudi Arabian Oil Company (Saudi Aramco) has claimed the top spot on Fortune 500 Arabia 2023, ranking first in terms of overall revenue and among the top 10 energy companies in the MENA region. 09% to stand at 809. The World Economic Forum predicted last April that the global healthcare spending would continue to rise, having grown by 40% between 2018 and 2022, reaching USD 12 trillion. The process included data collection, data verification, and extensive analysis, while addressing any inconsistencies and discrepancies and resolving them. It is ranked 115 in the Fortune 500 Arabia list. 27. The company reported a 100% redemption rate, with a total of 2,500 Sukuk repaid. Our expansive global presence, with 23 manufacturing facilities spanning the UAE, India, Bangladesh and Europe, gives 1. Fortune Arabia’s special collector's edition featuring the Fortune 500 Arabia list which ranks the top 500 companies in the region based on annual revenue, was distributed at the forum. 87 billion in 2022. The academy aims to invest in the skills and training of employees and create Mar 19, 2024. Mar 14, 2024 · 1- Saudi Aramco: Saudi Aramco, the world's largest oil company, topped the Fortune 500 Arabia list for 2023 in terms of revenue, with total revenue of USD 603. 2% lower than its 2022 net profit of SAR 15. The bank has already begun to appoint banks to arrange meetings with global investors, as well as virtual calls starting on Monday, January 15, and investor meetings in London on Tuesday, January 16. 13 million). Jan 11, 2024. It is a developer, investor and operator working in dozens of countries. 89 million (USD 192. The Board of Directors of Americana International Restaurants PLC, a Fortune 500 Arabia company, has approved the purchase of 25 million shares of the company's stock to be allocated for the long-term employee incentive program. (Credit: Southern Province Cement Company, Design: Fortune Arabia) Southern Province Cement Company, a Saudi-based cement company listed on Fortune 500 Arabia, has reported a 35. 96 billion Egyptian pounds ($125 million) a year earlier. RIYADH: Saudi Arabia’s energy firm Aramco has taken the top position in a list of 500 firms across the Arab world ranked by their annual revenue. Aramco was founded in 1933 and went public on the Saudi Stock Exchange on December 11, 2019, in the largest IPO in Saudi and global Dec 3, 2023 · Nahdi Medical Company is ranked 87th in the Fortune 500 Arabia list. The company's revenue reached SAR 917. Majid Al Futtaim, Fortune 500 Arabia company, has launched an EGP 25 million (USD 809,000) retail academy in Egypt to help boost the country's retail sector, having already trained over 4,000 workers and aiming to train and upskill another 5,000 by 2024. 64 million) compared to OMR 6. (Credit: Nadec, Design: Fortune Arabia) The National Company for Agricultural Development (NADEC), listed on Fortune 500 Arabia, and United Feed Company, a subsidiary of Al Muhaidib Group, have signed a partnership agreement to establish a new company in the intensive livestock sector. It owns the Al-Ahmadi and Abdullah ports refineries and now has 5 gas manufacturing lines. 97 million Saudi riyals ($258 million) in 2022, compared to 752. 6 billion ($452 million) in 2021. From energy, media and food to banks, retail and medicine, female CEOs in the Middle East’s 500 highest-grossing companies highlighted that there is still hope for more women to follow. This year's inaugural edition includes the top 500 Arab companies from 22 Arab countries. A unique opportunity to receive Fortune Arabia's collector's issue released to celebrate the debut of Fortune 500 Arabia list. (Credit: Al Hokair Group, Design: Fortune Arabia) Al-Hokair Group, a Saudi Arabian-based tourism and development company listed on the Fortune 500 Arabia list, has signed a memorandum of understanding with Newrest, a global leader in airline catering, to establish a company in Saudi Arabia to provide airline catering and facility Dec 12, 2023 · The forum saw the participation of several Fortune 500 Arabia CEOs, including CEO of Emirates Global Aluminium Abdulnasser Ibrahim Saif Bin Kalban, CEO of UAE’s Crescent Petroleum Majid Jafar, CEO of Kuwait’s Agility Public Warehousing Tarek Sultan, CEO of UAE-based G42 Peng Xiao and CEO of e& International Mikhail Gerchuk. Saudi Reinsurance Company - Saudi Re, a Fortune 500 Arabia company, has signed an agreement to sell its entire 49. (Credit: GFH Financial Group, Design: Fortune Arabia) GFH Financial Group, listed on Fortune 500 Arabia, has bought back about 11. The company said it received QatarEnergy, listed on Fortune 500 Arabia, has expressed its readiness to participate in oil exploration operations in Jordan. 60 million (USD 193. Al Fardan: In an era where the demand for frictionless fund transfers transcends geographical boundaries, the role of remittance services has become indispensable. The new company will work to develop a number Alkhorayef Water and Power Technologies ranked 401st among companies listed on the Fortune 500 Arabia list for 2023, which includes the 500 largest companies in the Middle East and North Africa by annual revenue. The group reported revenues of 1. Care is ranked 381st on the Fortune 500 Arabia list for 2023, which includes the 500 largest companies in the Arab world and North Africa by annual revenue. Follow. 6 trillion US dollars. Jan 24, 2024 · Fortune 500 Arabia is brought to you by Benefits for our partners. UAE companies topped Fortune 500 Arabia in terms of employee numbers, with a total of 681,390 employees across 87 companies, accounting for 17. 9 billion) in 2022, an upsurge of 1,166% compared to 2021. The contract has a mandatory term of three years with an option to extend for an additional two years. Fortune: Being included on the Fortune 500 list is not only a sign of prestige and success, but it also has a significant impact on a company's reputation, as well as its ability 70,496. At the same time, net profits reached 343 billion US dollars. 3 million of its own shares (treasury shares), increasing the number of treasury shares to about 170. Together, this year’s Fortune Global 500 companies employ 69. The Saudi company's revenues hit SAR 822. 67 billion in 2022. Fortune Arabia: You introduced Nahdi as the pharmacy of the future and this is how you present your company. 05 million). The company said in a statement to the Egyptian Stock Exchange that the project is one of several under study by the group . Top of the list—no surprise here —are the oil companies: Saudi في قائمة هذا العام تجدون أكبر 500 شركة عربية في 22 بلداً عربياً. The UAE-based company's revenue reached USD 2. 55 million) in 2022, compared to SAR 845. The company said in a Dec 31, 2023 · Two startups made it to Fortune 500 Arabia’s inaugural edition, and were able to compete with well established companies in terms of revenues and net profits achieved in 2022. 79 million) in 2022, compared to SAR 463. 08 million (USD 10. While financial statements of publicly traded companies can be accessed through stock markets, it is more challenging to Jan 3, 2024 · In the Fortune 500 Arabia list, 15 out of the 500 businesses are led by female CEOs for a total share of 3%. 65 million) following the completion of the sale of Qatar Islamic Bank, a company listed on the Fortune 500 Arabia list, plans to issue US dollar-denominated sustainable financing sukuk for 5 years. The company confirmed in a disclosure to the Abu Dhabi Financial Market that the purchase is subject to Egypt’s Talaat Moustafa Group, a leading Egyptian real estate developer listed on the Fortune 500 Arabia list, announced that it is considering receiving 5,540 acres of land to develop a new project on the North Coast. شكّل مجموع إيرادات هذه الشركات عام 2022، نحو 1. The list, released on October 31, 2023, includes well-known names such as Lebanon's Bank Audi, founded in 1830, Telecom Egypt (WE), established in 1854, and Jan 29, 2024 · Ma'aden came in 24th place among the companies listed on the Fortune 500 Arabia list for 2023, which includes the 500 largest companies in the Arab region and North Africa by annual revenue. Dec 15, 2023 · Dec 15, 2023. Saudi Arabia had the most family businesses on the list, accounting for 57. 48% to stand at 193. 46 million) in 2022. 94 million (USD 244. Jan 4, 2024 · In 2023, TECOM Group ranked 233rd among the companies listed on Arab Fortune 500, featuring the top 500 companies in MENA based on annual revenues. Aramco is committed to diversity and inclusion (D&I) and places a strong emphasis on occupational health and mental well QatarEnergy, a Fortune 500 Arabia, has announced a new expansion of the North Field that will increase its production capacity from 77 million tons per year to 142 million tons per year by 2030, representing an 85% increase in production. 38 million (USD 225. 22% decline in net profit to SAR 195 million (USD 52 million) in 2023, compared to SAR 301 million (USD 80. Mar 05, 2024. Saudi Arabia topped the list with 128 leadership positions (CEO/Chairman of the Board), accounting for 25. According to the company's disclosure to the Saudi Stock Exchange - Tadawul, it achieved total revenues of SAR 75. 2,720 followers. Nearly a third of the companies in the new rankings are Mar 18, 2024. In third place is Qatar, with 17 companies led by QNB at #2. 6 تريليون دولار أميركي وأرباح صافية 343 مليار دولار. 8 billion in 2022, compared to USD 400. 6 trillion USD, and net profits of $343 billion USD. 7 trillion in revenues and $2. In conclusion, Fortune Arabia's decision to include private companies in its Fortune 500 Arabia classification marks a significant shift in the business journalism landscape. Feb 8, 2024 · Fortune: Can you describe your company's primary competitive advantage that has contributed to its position in the Fortune 500 Arabia list? Massaad: Our brand has become synonymous with quality, reliability and technology. 3 million people Dec 12, 2023 · STC is the largest telecommunications company in Saudi Arabia and the 11th-largest company in the Middle East and North Africa, according to the 2023 Fortune 500 Arabia list. Net profit edged up by 27. 37 million Saudi riyals ($200. 6 trillion in 2022. Jan 16, 2024 · Agility’s Vice Chairman: Fortune 500 Arabia recognition is a testament to our multifaceted success Inclusion on the Fortune 500 list is a recognition of our track record in generating value for shareholders, scaling diverse businesses, innovating through technology, attracting global and regional investment, pioneering ESG principles in the Jan 2, 2024 · ADES Holding, a listed company on the Fortune 500 Arabia list, has signed a long-term operating contract with Indonesia's Pertamina Drilling Services worth USD 214 million. 275 billion (USD 1. 2 billion Egyptian pounds ($142 Nov 2, 2023 · Fortune 500 Arabia is run by our partners at Majarra, and many of the companies on the list will be represented at the Fortune Global Forum in Abu Dhabi Nov. 61 Jul 31, 2023 · Egypt’s e-finance for Digital and Financial Investments reported a 9. 11 million (USD 10. The company was ranked 429 in the 2023 Fortune 500 Arabia list, with annual revenues of SAR 720. Content by Fortune 500 Arabia Partners January 22, 2024 Saudi Arabia’s green agenda from policy Mar 19, 2024. 81 million) at the end of the fiscal year ended March 31, 2022. 3 million) in 2022, compared to 2. 405 billion) in 2022. In a Glimpse. Saudi Arabia’s Sahara International Petrochemical Company (Sipchem), a Fortune 500 Arabia-listed company, has awarded a USD 500 million engineering, procurement, and construction (EPC) contract to South Korea's SGC-eTEC for the expansion of the ethylene cracker at the Saudi Ethylene and Polyethylene Company (SEPC), a . 73 million Egyptian pounds ($42. Revenue hit 967. Content by Fortune 500 Arabia Partners January 22, 2024 Saudi Arabia’s green agenda from policy Madinet Masr Madinet Masr reported a 95. 1% year-on-year jump in its revenue for 2022, as the Egyptian real estate developer moved ahead with a change of identity and an expansion strategy, both domestically and abroad. CEO of Jazeera Airways Rohit Ramachandran (Photo Credit: Fortune Arabia) The CEO of Jazeera Airways, a Fortune 500 Arabia company and one of the Gulf's leading budget airlines, said that the company's focus on running a good business is the key to its success. Unveiled seven decades since the inception of the globally acclaimed Fortune 500 list, this new list represents a pivotal moment in the business world in the region, and sets a new standard Feb 1, 2024 · This is how the CEO of ADNOC Drilling, Abdulrahman Abdulla Hasan Bamajboor AlSeiari, summarized the company’s plans to remain on Fortune 500 Arabia’s next edition. Fortune 500 Arabia launched its inaugural list in 2023, becoming part of the global Fortune 500 lists that have been published by Fortune magazine in the United States since 1955. Being featured in the Fortune 500 Arabia list is a testament to Emirates NBD’s progressive body of work and contribution to the construction of a sustainable future as an active participant and supporter of the UAE’s development and community initiatives. 9 billion). The new annual rankings are based on nine months of verified research across 22 Arab countries. Feb 22, 2024 · Feb 22, 2024. Dec 4, 2023 · Jeddah, Saudi Arabia, Dec 4 2023: SADAFCO (Saudi Dairy and Foodstuff Company), the leading food manufacturer, distributor and seller in Saudi Arabia, has been included in Fortune magazine’s inaugural list of the 500 most successful companies in the Arab world, ranking 183 rd overall. The company's revenue reached SAR 2. Seera Group Holding ranked 210th on the 2023 Fortune Arabia 500 list for the 500 biggest companies in the Arab region and North Africa by annual revenue, with revenues of SAR 2. The company attributed the profit decline to a 1. 4. The Sukuk were initially issued on March 5, 2019, and ceased trading on March 5, 2024, with a nominal Oct 31, 2023 · Fortune 500 Arabia reveals that the UAE is home to the headquarters of 87 Fortune 500 Arabia companies, marking approximately 17% of the list, generating a total of $254. Its revenue was SAR 2. 15 trillion in profits in 2018. Qatari energy minister and CEO of QatarEnergy Saad bin Sherida said that the company is fully prepared to coordinate with the Jordanian Ministry of Energy and Mineral Resources to discuss ways of cooperation in the field of oil exploration. 1 billion (USD 4 billion). Fortune 500 lists and an in-depth overview of the Arab world's economy, finance and entrepreneurship news. Saudi Arabian companies topped the Fortune 500 Arabia list, accounting for 30% of the total companies on the list, followed by the United Arab Emirates at 17%, Egypt at 11%, and Kuwait at 8%. 5. 18 million (USD 133. 2 billion (USD 2. December 10, 2023 Saudi Arabia's Amiantit, a company listed on Fortune 500 Arabia, announced that it has wiped out all of its accumulated losses of SAR 216. The companies are ranked by their collective revenues, which reached around US$1. 5 million (USD 128. But the Fortune Global 500 has The world’s 500 largest companies generated $32. 3 billion ($277. 24 million (USD 123. The banking and financial services sector is the most represented in the list with 42 entries. 38 million) in 2021. 94 million) in 2022 compared to SAR 1. 59 million) a year earlier. 31% increase in its total expenses during the past year to OMR 725. Tell us more about the company’s legacy . But the Fortune Global 500 has Public Investment Fund scraps plans to invest in a Seera subsidiary. Pulling in SR2. 3 billion (USD 10. 67 million), reducing them to 0% of capital. Dana Gas, an Emirati public joint stock company, was included in the Fortune 500 Arabia list for 2023, which includes the 500 largest companies in the Arab region and North Africa in terms of annual revenue. 27 billion ($604. Probitas Bermuda Holdings Bermuda is a Bermuda-based multinational company engaged in insurance and reinsurance Oman Oil Marketing Company (OOMCO), a company listed on the Fortune 500 Arabia list, reported a 40% decline in net profit in 2023 to OMR 4. The The Fortune 500 Arabia joins the global Fortune 500 lists that have been published by Fortune magazine in the United States since 1955. Dec 19, 2023 · Jamjoom Pharma, a company listed on Fortune 500 Arabia, stated that the company aims to invest 500 million Egyptian Pounds (EGP) (USD 16. 8% annual increase. The company's revenue for the year 2022 was SAR 67. 00 million) by the end of 2022. With a legacy spanning over two decades contributing to the UAE's success story, every project is designed and built to meet the Jul 31, 2023 · Saudi Arabia’s Theeb Rent A Car Co. 26 million) in 2022. 04 million) to supply copper and aluminum cables to the Jordanian Electricity Company (JEC). 9 billion (USD 529 million) in 2022, compared to AED 1. ACWA Power is ranked 115th among the companies listed on the Fortune 500 Arabia list for 2023, which includes the 500 largest companies in the Arab region and North Africa by annual revenue. Send us 500 via Fortune 500 Arabia is the result of an expansive research effort that looked at the operational stock markets of 22 countries. 9 million (USD 17. 7%. 27-29. 42 million) in 2022, compared to 1. 8 billion in 2022, up 50. with 20 companies led by the First Abu Dhabi Bank at #4. What is your role in achieving it? Albedah: Certainly, SAL plays a crucial role in supporting Vision 2030 and the National Transport and Logistics Strategy, which aims to position the country as a global logistics hub and an Jan 30, 2024 · Jan 30, 2024. 7 billion), 32. It was followed by Egypt (6), Morocco (5), Oman (4), UAE (3), and Tunisia 2, while each of Qatar, Kuwait and Iraq had one company active in the F&B sector. Feb 14, 2024 · National Corporation for Tourism and Hotels is ranked 427th on the 2023 Fortune 500 Arab list of the largest companies in the Arab world and North Africa by annual revenue. Kuwait Petroleum Corporation was founded in 1980 and manages oil refining operations in Kuwait. 45 million) in 2022, compared to 125 Mar 6, 2024 · “ The Fortune 500 list is a gold standard for business organizations and is synonymous with being at the pinnacle of success in the business realm. Yolla El-Khoury, a seasoned insurance professional, certified corporate director from Harvard Business School, and Fellow of the Chartered Insurance Institute to shed light on the region’s upcoming trends in the insurance industry. 285. It is an acknowledgment of the private sector's undeniable influence in the MENA region and a commitment to capturing a more holistic picture of its economic landscape. 15 million) in 2024, said the company's marketing director Tamer Ahmed. 4% of the companies on the list, surpassing Saudi companies of 548,625 employees. Being included on the Fortune 500 list will further impact your company's reputation and ability to attract investors and much more. 3 billion in 2021, reflecting a significant 50. Revenue hit 2. 89 million) in 2022. 8 billion) in 2022. 3 billion (USD Mar 12, 2024 · Arabian Centers is ranked 230th among the companies listed on the Fortune 500 Arabia list for 2023, which includes the 500 largest companies in the Arab and North Africa region in terms of annual revenue. KFH Chairman Hamad Abdulmohsen Al-Marzouq said that the bank achieved a net profit Jan 24, 2024 · Saudi Aramco came in first place among the companies listed in the Fortune 500 Arabia list for the year 2023, which includes the largest 500 companies in the Arab region and North Africa in terms of annual revenue. 33 billion ($354 million) in 2021. (Credit: KFH, Design: Fortune Arabia) Kuwait Finance House (KFH), listed on Fortune 500 Arabia, approved the distribution of a cash dividend of 20% - including 10% distributed during the first half of 2023 and a bonus share of 9% to shareholders. ADNOC Drilling is ranked 73rd on the Fortune 500 Arabia list for 2023, which includes the 500 largest companies in the Arab and North Africa region by annual revenue. Oct 31, 2023 · October 31, 2023 15:18. Mar 3, 2024 · Abdulmohsen Al-Hokair Group for Tourism and Development is a Saudi Arabian company that owns and operates a number of hotels, resorts, and shopping malls in the Middle East. 3 trillion (USD 603. Jan 27, 2024 · Fortune 500 Arabia’s family businesses included corporate giants, such as Saudi Arabia’s Al Rajhi Bank, the UAE’s Majid Al Futtaim Holding and Crescent Enterprises, Egypt’s Orascom and Elsewedy Electric, Kuwait’s Alghanim Group and Qatar’s Al Faisal Holding. 3 million (USD 57. 5 million) in 2021. 4 million, at an average purchase price of USD 0. The Qatari company’s revenue hit QAR 189 billion Mar 7, 2024 · Mar 07, 2024. 2 billion Kuwaiti dinars ($3. 87 billion in 2022, ranking second after Saudi Arabia. “These are promising figures given the region ACWA Power is a Fortune 500 Arabia company and a leading Saudi regional and international company in the industry of power generation and water desalination. (Source: Fortune Arabia - Designer: Osama Hereh) Publicly traded companies accounted for 91% of the total companies on Fortune 500 Arabia , with a total of 455 companies, compared to just 45 private companies. Feb 20, 2024 · Arabi Holding Group, a Kuwaiti investment company listed on Fortune 500 Arabia, expects to record a loss of KWD 314,200 (USD 1. 03 million (USD 219. E. 8% year-on-year rise in its revenue for 2022, backed by expansion of its business outside Egypt. QatarEnergy, Qatar Airways, and Qatar National Bank Group all rank in the top ten companies in the Middle East region. Jahez International Company for Information Systems Technology (SCJS) in Saudi Arabia, secured the 278th Feb 8, 2022 · ABU DHABI: Leading Arabic digital content house Majarra has announced the launch of Fortune Arabia, the latest edition of the global platform for corporate, business and economic policy news. Dec 31, 2023 · Fortune Arabia: Can you describe your company's primary competitive advantage that has contributed to its position in the Fortune 500 Arabia list? Al Qatami: At Deyaar, we always prioritize quality over quantity. Tamer added that the company has a plan to launch around 80 pharmaceutical products in the next 4 years, with 5 drugs under registration Jul 31, 2023 · The company also hit record net profit, standing at 1. Part of Majarra, licensed by Fortune. Jan 22, 2024 · Fortune 500 Arabia is brought to you by Benefits for our partners. 8% from the previous year. Feb 2, 2024 · The Fortune 500 Arabia list, showcasing the MENA region's corporate giants, could undergo a transformative shift with the inclusion of more private and family-owned businesses. Aramco reported a total revenue of USD 603. Oct 31, 2023 · Fortune Arabia released today Fortune 500 Arabia, the list that ranks the 500 largest corporations in the Arab region according to their annual revenues. joint venture owned by LyondellBasell Industries, Tasnee and Sahara Saudi Arabia's Ataa Educational, a Fortune 500 Arabia company, has signed a memorandum of understanding (MoU) with Saudi technology company Semanoor to launch the first virtual school in Saudi Arabia in 2025. Net profit rose by 53. The company said in a statement that the Dec 20, 2023 · Fortune Arabia: With 50 years of rich history, Al Fardan Exchange is a pioneer of money exchange. gnpyeyznzpzwbrersmxz