As of October 7, 2024, JORDAN PHOSPHATE MINES is the most valuable company in Jordan, with a market cap of $3.93 billion. Following are ARAB BANK GROUP ($3.8 billion) and ARAB POTASH COMPANY ($3.12 billion).
Which one is the most valuable in Jordan by market cap? This list comprises the biggest companies currently in Jordan by market cap in 2024:
Jordan's Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPITEL (USD DALLER) |
|---|---|---|
| 1 | JORDAN PHOSPHATE MINES CO. PLC | $3.93 billion |
| 2 | ARAB BANK GROUP | $3.8 billion |
| 3 | ARAB POTASH COMPANY | $3.12 billion |
| 4 | THE HOUSING BANK FOR TRADE AND FINANCE | $1.47 billion |
| 5 | JORDAN ISLAMIC BANK | $1.14 billion |
| 6 | JORDAN TELECOMMUNICATIONS COMPANY | $0.760 billion |
| 7 | CAPITAL BANK OF JORDAN | $0.687 billion |
| 8 | JORDAN PETROLEUM REFINERY CO. LTD. | $0.681 billion |
| 9 | BANK OF JORDAN | $0.604 billion |
| 10 | JORDAN KUWAIT BANK | $0.576 billion |
| 11 | BANK AL ETIHAD | $0.489 billion |
| 12 | SAFWA ISLAMIC BANK | $0.319 billion |
| 13 | CAIRO AMMAN BANK | $0.314 billion |
| 14 | JORDAN AHLI BANK | $0.289 billion |
| 15 | JORDAN ELECTRIC POWER COMPANY | $0.272 billion |
| 16 | ARAB JORDAN INVESTMENT BANK | $0.267 billion |
| 17 | JORDANIAN DUTY FREE SHOPS | $0.222 billion |
| 18 | AFAQ FOR ENERGY CO. P.L.C | $0.219 billion |
| 19 | SINIORA FOOD INDUSTRIES COMPANY | $0.217 billion |
| 20 | INVEST BANK | $0.208 billion |
| 21 | IRBID DISTRICT ELECTRICITY CO. LTD. | $0.194 billion |
| 22 | JORDAN COMMERCIAL BANK | $0.169 billion |
| 23 | NORTHERN CEMENT COMPANY | $0.156 billion |
| 24 | ARAB INTERNATIONAL COMPANY FOR EDUCATION AND INVESTMENT | $0.133 billion |
| 25 | UNION LAND DEVELOPMENT COMPANY PLC | $0.128 billion |
| 26 | MEDITERRANEAN TOURISM INVESTMENT COMPANY | $0.125 billion |
| 27 | ARAB BANKING CORPORATION (JORDAN) | $0.106 billion |
| 28 | ZARA INVESTMENT HOLDING COMPANY | $0.088 billion |
| 29 | PETRA EDUCATION COMPANY PLC | $0.077 billion |
| 30 | ALISRA FOR EDUCATION AND INVESTMENT COMPANY (PLC) | $0.076 billion |
Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).
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