50 Biggest Private Companies In The Arab World 2018

private, biggest, arab world

With oil prices recovering steadily, it has been a good year for businesses across the region. After having bounced back from its lows in 2015 and 2016, crude prices are hovering close to the $80 per barrel mark. Global growth too has been robust and the increase in interest rates has improved margins for banks.

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 the reliance on the government and promote private companies. Factoring these into our calculations, Forbes Middle East presents the Top Companies in The Arab World, which also includes 50 Biggest Private Companies in the Arab World 2018.

The 50 Biggest Private Companies in the Arab World 2018 list highlights private businesses that have had an impact in the region. Private companies have been historically large employers and the governments across the region are looking to these companies to drive further growth.

Methodology

To rank the 50 Biggest Private Companies in the Arab World, we sent out questionnaires to the companies and also collected information from the companies’ websites, official LinkedIn profiles and other research reports. We ranked them based on the following criteria:

• Number of Employees
• Number of sectors that the business operates in
• Number of countries that the company has operations in
• Transparency
• Age of the company.

*Each of the metrics were assigned weights and ranked accordingly.*

ImageRankCompanyCountrySectorYear Of foundation
1Al-FuttaimU.A.E.Diversified1930
2Abdul Latif JameelSaudi ArabiaDiversified1945
3Al-GhurairU.A.E.Diversified1960
4Mansour groupEgyptDiversified1952
5Majid Al FuttaimU.A.E.Diversified1992
6M.H.AlshayaKuwaitRetail1980
7Al Ghurair GroupU.A.E.Diversified1960
8Cevital GroupAlgeriaDiversified1971
9Olayan GroupSaudi ArabiaDiversified1940
10Alghanim IndustriesKuwaitDiversified1932
11Suhail Bahwan GroupOmanDiversified1965
12AKWA GroupMoroccoDiversified1932
13Saud Bahwan GroupOmanInformation Technology1975
14Saeed & Mohammed Al Naboodah GroupU.A.E.Diversified1958
15Mohammed Abdulmohsin Al-Kharafi & SonsKuwaitDiversified1956
16Zamil Group HoldingSaudi ArabiaDiversified1930
17Khamas GroupU.A.E.Diversified1918
18Alzahid GroupSaudi ArabiaDiversified1951
19Al Mulla GroupKuwaitDiversified1938
20Youssif M.A. Naghi & Sons GroupSaudi ArabiaDiversified1911
21Zahran HoldingSaudi ArabiaDiversified1975
22Mezzan HoldingKuwaitRetail1940
23CAT GroupLebanonReal Estate and Construction1937
24Al Ahli Holding GroupU.A.E.Diversified1977
25Averda GroupLebanonServices1964
26El Seif Engineering Contracting CompanySaudi ArabiaReal Estate and Construction1951
27Juma Al Majid GroupU.A.E.Diversified1950
28Rashed Abdul Rahman Al Rashed & Sons GroupSaudi ArabiaDiversified1950
29Nesma Holding GroupSaudi ArabiaDiversified1979
30Al Habtoor GroupU.A.E.Diversified1970
31Aujan GroupSaudi ArabiaFood and Beverages1905
32Khalifa Juma Al Nabooda GroupU.A.E.Diversified1963
33E. A. Juffali & BrothersSaudi ArabiaAutomobiles1946
34Al Tayer GroupU.A.E.Diversified1979
35AlNahla GroupSaudi ArabiaDiversified1930
36BinDawood GroupSaudi ArabiaRetail1984
37Al Rostamani GroupU.A.E.Diversified1957
38Sedco HoldingSaudi ArabiaDiversified1976
39Alothman Holding CompanySaudi ArabiaDiversified1967
40Al Faisaliah GroupSaudi ArabiaDiversified1971
41Manaseer GroupJordanIndustrials1999
42Diana HoldingMoroccoFood and Beverages1956
43Al Rawabi DairyU.A.E.Food and Beverages1989
44Kettaneh GroupLebanonDiversified1922
45MB Holding CompanyOmanPetrochemicals1982
46Obeikan Investment GroupSaudi ArabiaInvestments1982
47National Paints FactoriesU.A.E.Industrials1969
48YK Almoayyed & SonsBahrainDiversified1940
49Celebrity GlobalU.A.E.Diversified2007
50Abdulhadi A. Al Qahtani Sons GroupSaudi ArabiaDiversified1948