As of March 12, 2024, QATAR NATIONAL BANK is the most valuable company in Qatar, with a market cap of $37.73 billion. Following it are INDUSTRIES QATAR ($19.74 billion) and QATAR ISLAMIC BANK ($12.9 billion). Qatar’s top five most valuable companies include some of the world’s most renowned brands: OOREDOO (No. 4, $9.54 billion) and MASRAF AL RAYAN (Q.P.S.C.)(No. 5, $6.45 billion).
Overall, among Qatar’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by MESAIEED PETROCHEMICAL HOLDING COMPANY Q.P.S.C., EZDAN HOLDING GROUP, QATAR GAS TRANSPORT COMPANY LIMITED (NAKILAT) (QPSC), DUKHAN BANK, THE COMMERCIAL BANK (P.S.Q.C.), THE COMMERCIAL BANK (P.S.Q.C.).
Which one is the most valuable in Qatar by market cap? This list comprises the biggest companies currently in Qatar by market cap in 2024:
Qatar's Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLER) | CEO |
|---|---|---|---|
| 1 | QATAR NATIONAL BANK (Q.P.S.C.) | $37.73 billion | Abdulla Mubarak Nasser Al-Khalifa |
| 2 | INDUSTRIES QATAR Q.P.S.C. | $19.74 billion | Saad Al-Kaabi |
| 3 | QATAR ISLAMIC BANK (Q.P.S.C.) | $12.9 billion | Bassel Gamal |
| 4 | OOREDOO Q.P.S.C. | $9.54 billion | Sheikh Ali Bin Jabor Al Thani |
| 5 | MASRAF AL RAYAN (Q.P.S.C.) | $6.45 billion | Fahad Al Khalifa |
| 6 | MESAIEED PETROCHEMICAL HOLDING COMPANY Q.P.S.C. | $6.27 billion | AHMAD SAIF AL-SULAITI |
| 7 | EZDAN HOLDING GROUP Q.P.S.C. | $6.21 billion | Hesham Al Shatari |
| 8 | QATAR GAS TRANSPORT COMPANY LIMITED (NAKILAT) (QPSC) | $6.09 billion | Abdullah Al-Sulaiti |
| 9 | DUKHAN BANK Q.P.S.C. | $5.89 billion | Ahmed Hashem |
| 10 | THE COMMERCIAL BANK (P.S.Q.C.) | $5.65 billion | Joseph Abraham |
| 11 | QATAR ELECTRICITY & WATER COMPANY Q.P.S.C. | $5.3 billion | Fahad bin Abdullah Al-Manea |
| 12 | QATAR INTERNATIONAL ISLAMIC BANK (Q.P.S.C) | $4.68 billion | Bassel Gamal |
| 13 | QATAR FUEL COMPANY Q.P.S.C. ("WOQOD") | $4.08 billion | Saad Rashid Al Muhannadi |
| 14 | QATAR NAVIGATION Q.P.S.C. | $3.36 billion | Fahad bin Saad Al-Qahtani |
| 15 | BARWA REAL ESTATE COMPANY Q.P.S.C. | $3.04 billion | Abdullah bin Jubara Al Rumaihi |
| 16 | AHLI BANK Q.P.S.C. | $2.64 billion | Lloyd Maddock |
| 17 | QATAR INSURANCE COMPANY Q.S.P.C. | $2.09 billion | Salem Al-Mannai |
| 18 | VODAFONE QATAR P.Q.S.C. | $2 billion | Sheikh Hamad Abdulla Jassim A. Al Thani |
| 19 | QATAR ALUMINIUM MANUFACTURING COMPANY Q.P.S.C. | $1.94 billion | Khalid Mohammed Laram |
| 20 | ESTITHMAR HOLDING Q.P.S.C. | $1.81 billion | Henrik Christiansen |
| 21 | GULF INTERNATIONAL SERVICES Q.P.S.C. | $1.48 billion | Khalid Al-Thani |
| 22 | DOHA BANK Q.P.S.C. | $1.4 billion | Sheikh Abdulrahman bin Fahad bin Faisal bin Thani Al Thani |
| 23 | AAMAL COMPANY Q.P.S.C. | $1.36 billion | Rashid Ali Al-Mansoori |
| 24 | ZAD HOLDING COMPANY Q.P.S.C. | $1.11 billion | Tarique Mohammad |
| 25 | UNITED DEVELOPMENT COMPANY Q.P.S.C. | $1.01 billion | Engineer Badr Al-Meer |
| 26 | AL MEERA CONSUMER GOODS COMPANY Q.P.S.C. | $0.738 billion | Yousef Ali Al Obaidan |
| 27 | QATAR NATIONAL CEMENT COMPANY (Q.P.S.C.) | $0.677 billion | Essa Mohammed A M Kaldari |
| 28 | BALADNA Q.P.S.C. | $0.665 billion | Malcolm Jordan |
| 29 | QATARI INVESTORS GROUP Q.P.S.C. | $0.580 billion | Joseph Abdo |
| 30 | MANNAI CORPORATION Q.P.S.C. | $0.529 billion | Michael Deeter |
| 31 | GULF WAREHOUSING COMPANY Q.P.S.C. | $0.532 billion | Ranjeev Menon |
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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