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CEOWORLD magazine - Latest - Banking and Finance - Kuwait’s Largest Companies by market capitalization, 2024

Banking and Finance

Kuwait’s Largest Companies by market capitalization, 2024

Kuwait

As of March 12, 2024, KUWAIT FINANCE HOUSE is the most valuable company in Kuwait, with a market cap of $40.16 billion. Following it are NATIONAL BANK OF KUWAIT ($25.1 billion) and BOUBYAN BANK ($8.04 billion). Kuwait’s top five most valuable companies include some of the world’s most renowned brands: MOBILE TELECOMMUNICATIONS COMPANY (No. 4, $7.17 billion) and AGILITY PUBLIC WAREHOUSING COMPANY (No. 5, $4.95 billion).

Overall, among Kuwait’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by MABANEE COMPANY K.P.S.C., GULF BANK K.S.C.P., COMMERCIAL BANK OF KUWAIT K.P.S.C., BURGAN BANK K.P.S.C, NATIONAL MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P.

Which one is the most valuable in Kuwait by market cap? This list comprises the biggest companies currently in Kuwait by market cap in 2024:

Kuwait's Largest Companies by market capitalization, 2024

RANKCOMPANYMARKET CAPITAL (USD DOLLER)CEO
1KUWAIT FINANCE HOUSE K.S.C.P. $40.16 billionAbdulwahab Iesa Alrushood
2NATIONAL BANK OF KUWAIT S.A.K.P.$25.1 billionIsam Jasem A. Al-Sager
3BOUBYAN BANK K.S.C.P.$8.04 billionAdel Abdul Wahab Al-Majed
4MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P.$7.17 billionBader Nasser Al-Kharafi 
5AGILITY PUBLIC WAREHOUSING COMPANY K.S.C.P.$4.95 billionTarek Sultan 
6MABANEE COMPANY K.P.S.C.$3.67 billionWaleed Mandani
7GULF BANK K.S.C.P.$3.47 billionWaleed Khaled Al-Sharian
8COMMERCIAL BANK OF KUWAIT K.P.S.C.$3.07 billionWaleed Mandani
9BURGAN BANK K.P.S.C.$2.32 billionElham Mahfouz
10NATIONAL MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P.$2.07 billionJehad Al Humaidhi
11AL AHLI BANK OF KUWAIT K.S.C.P.$2.01 billionTony Daher
12KUWAIT TELECOMMUNICATIONS COMPANY K.S.C.P.$1.94 billionBader Nasser Al-Kharafi 
13KUWAIT PROJECTS COMPANY HOLDING K.S.C.P.$1.91 billionMaziad Bin Nasser Al Harbi
14GULF INSURANCE GROUP K.S.C.P.$1.77 billionSunny Bhatia
15NATIONAL INDUSTRIES GROUP HOLDING - KPSC$1.69 billionKhalid Saud Abdulaziz Al-Hasan
16HUMANSOFT HOLDING COMPANY K.S.C.P.$1.4 billionAhmed Mohammed Hussein
17BOURSA KUWAIT SECURITIES COMPANY K.P.S.C.$1.37 billionGeorges El Yahchouchy
18WARBA BANK K.S.C.P.$1.28 billionMohammed Azaddin
19BOUBYAN PETROCHEMICAL COMPANY K.S.C.P.$1.06 billionShaheen Hamad Al-Ghanem
20GULF CABLE AND ELECTRICAL INDUSTRIES COMPANY - KPSC$1 billionBasel Abdullah Kanaan
21ALI AL-GHANIM SONS AUTOMOTIVE COMPANY K.S.C.P.$1.01 billionAli Mohammed Thunayan Alghanim
22GFH FINANCIAL GROUP BSC$0.980 billionHisham Al Rayes
23KUWAIT INTERNATIONAL BANK K.S.C.P.$0.877 billionRaed Jawad Ahmad Bukhamseen
24SALHIA REAL ESTATE COMPANY K.S.C.P.$0.834 billionGhazi Fahad Abdulaziz Al-Nafisi
25JAZEERA AIRWAYS K.S.C.P.$0.815 billionRohit Ramachandran
26COMMERCIAL REAL ESTATE COMPANY K.P.S.C.$0.760 billionAbdul Latif Abdul Munaf Maerefi
27NATIONAL INVESTMENTS COMPANY K.S.C.P.$0.701 billionFahad Abdulrahman Saud Al-Mukhaizim
28KUWAIT REAL ESTATE COMPANY K.P.S.C.$0.678 billionTarek Ibrahim Abdullah Al-Mansour 
29ALAFCO AVIATION LEASE AND FINANCE COMPANY K.S.C.P.$0.651 billionAdel Ahmad Albanwan
30IFA HOTELS AND RESORTS - KPSC$0.629 billionKhaled Saeed Al-Abd Esbaitah
31TAMDEEN INVESTMENT COMPANY - KSCP$0.621 billionTalal Youssif Al-Marzouq

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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CEOWORLD magazine - Latest - Banking and Finance - Kuwait’s Largest Companies by market capitalization, 2024
Harris Williams
Associate News Editor at CEOWORLD Magazine, specializing in data-led features with experience in breaking news, investigations, opinion, and analysis. I write data-led features on topics from banking to finance and work with developers and designers to create interactives and infographics.