This analysis presents the ranking of the 20 largest companies in the Gulf region based on their market capitalization, according to Gulf trading market data from October 2024.
Key Data Points:
- Saudi Aramco holds the top position, standing alone with a massive market cap of $1.74 Trillion (T).
- The second and third largest companies are the UAE's IHC ($242 Billion) and TAQA ($91 Billion).
- The majority of the top 20 list is dominated by companies from Saudi Arabia (Green) and the UAE (Red), highlighting the concentration of wealth in these two nations.
- The list showcases the current market standing of key regional sectors, primarily Energy, Banking, and Utilities.
