info@ceoworld.biz
Saturday, May 18, 2024
CEOWORLD magazine - Latest - Banking and Finance - Saudi Arabia’s Largest Companies by market capitalization, 2024

Banking and Finance

Saudi Arabia’s Largest Companies by market capitalization, 2024

As of March 12, 2024, SAUDI ARABIAN OIL COMPANY is the most valuable company in Saudi Arabia, with a market cap of $2.048 trillion. Following it are AL RAJHI BANKING AND INVESTMENT CORPORATION ($91.5 billion) and THE SAUDI NATIONAL BANK ($63.37 billion). Saudi Arabia’s top five most valuable companies include some of the world’s most renowned brands: SAUDI BASIC INDUSTRIES CORPORATION (No. 4, $62.55 billion) and ACWA POWER COMPANY (No. 5, $57.27 billion).

Overall, among Saudi Arabia’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by SAUDI TELECOM COMPANY, SAUDI ARABIAN MINING COMPANY (MA’ADEN), DR. SULAIMAN AL HABIB MEDICAL SERVICES GROUP COMPANY, RIYAD BANK, and ALINMA BANK.

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

Saudi Arabia's Largest Companies by market capitalization, 2024

RANKCOMPANYMARKET CAPITAL (USD DOLLER)CEO
1SAUDI ARABIAN OIL COMPANY $2,048 billionAmin H. Nasser
2AL RAJHI BANKING AND INVESTMENT CORPORATION$91.5 billionArsalaan Ahmed
3THE SAUDI NATIONAL BANK$63.37 billionSaeed Mohammed Al-Ghamdi
4SAUDI BASIC INDUSTRIES CORPORATION$62.55 billionAbdulrahman Al Fageeh
5ACWA POWER COMPANY$57.27 billionMarco Arcelli
6SAUDI TELECOM COMPANY$54.69 billionOlayan M. Alwetaid
7SAUDI ARABIAN MINING COMPANY (MA'ADEN)$49.19 billionRobert Wilt
8DR. SULAIMAN AL HABIB MEDICAL SERVICES GROUP COMPANY$30.36 billionFaisal Al Nassar
9RIYAD BANK$24.59 billionNadir S Al-Koraya
10ALINMA BANK$22.77 billionAbdulmalek bin Abdullah bin Hamad Al-Hogail
11SAUDI AWWAL BANK$22.74 billionLubna Olayan
12SAUDI ELECTRICITY COMPANY$21.93 billionKhalid Bin Hamad Al-Ghonon
13ELM COMPANY$21.76 billionAbdulrahman Aljadhai
14SABIC AGRI-NUTRIENTS COMPANY$15.92 billionABDULRAHMAN SALEH AL-FAGEEH
15ALMARAI COMPANY$15.84 billionAbdullah Al Bader
16BANK ALBILAD$13.1 billionAbdulaziz Mohammed AlOnaizan
17BANQUE SAUDI FRANSI$12.02 billionRayan Fayez
18ARABIAN INTERNET AND COMMUNICATION SERVICES COMPANY$11.62 billionOmer Alnomany
19ETIHAD ETISALAT COMPANY$11.5 billionSalman Bin Abdulaziz Al Badran
20ARAB NATIONAL BANK$11.4 billionObaid Abdullah Al-Rasheed
21BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY$9.57 billionTal Nazer
22JABAL OMAR DEVELOPMENT COMPANY$8.26 billion Khalid Al-Amoudi
23SAUDI TADAWUL GROUP HOLDING COMPANY$8.19 billionMohammed Sulaiman Al-Rumaih
24SAUDI ARAMCO BASE OIL COMPANY - LUBEREF$7.73 billionIbrahim Q. Al buainain
25SAVOLA GROUP COMPANY$7.44 billionWaleed Khalid Fatani
26KINGDOM HOLDING COMPANY$7.02 billionTalal Ibrahim Al Maiman
27MOUWASAT MEDICAL SERVICES COMPANY$6.63 billionNasser Sultan Al-Subaie
28SAL SAUDI LOGISTICS SERVICES COMPANY$6.08 billionHesham bin Abdulla Alhussayen
29THE COMPANY FOR COOPERATIVE INSURANCE$6 billionAbdulaziz Hassan ALBoug
30SAHARA INTERNATIONAL PETROCHEMICAL COMPANY$5.97 billionAbdullah Saif Al-Saadoon
31ADES HOLDING COMPANY$5.86 billion Mohamed Farouk

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).

Have you read?
These Are The Most Secular Countries in the World, 2024.
Countries that Follow Sharia Law, 2024.
Religious Landscape: An Overview of Religion by Country, 2024.
Report: Countries with the Highest Teenage Pregnancy Rates, 2024.
Revealed: These Are The Countries with the Highest Rate of Diabetes, 2024.


Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.

This report/news/ranking/statistics has been prepared only for general guidance on matters of interest and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, CEOWORLD magazine does not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it.


Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz
SUBSCRIBE NEWSLETTER
CEOWORLD magazine - Latest - Banking and Finance - Saudi Arabia’s Largest Companies by market capitalization, 2024
Katherina Davis
Deputy News Editor at CEOWORLD Magazine. Covering money, work, and lifestyle stories. Covering issues of importance to public company nominating and corporate governance committees, including new director recruitment, board evaluations, onboarding, director compensation and overall corporate governance. More recently, I have joined the newsletters team, writing and editing some of the CEOWORLD Magazine's key reader emails.