Saudi Arabia’s Largest Companies by market capitalization, 2024
As of February 10, 2025, Aramco is the most valuable company in Saudi Arabia, with a market cap of $1,784 billion. Following it are AL RAJHI BANKING AND INVESTMENT CORPORATION ($107 billion) and ACWA POWER COMPANY ($77.14 billion).
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
| RANK | COMPANY | MARKET CAPITAL (USD DOLLER) |
|---|---|---|
| 1 | ARAMCO | $1,784 billion |
| 2 | AL RAJHI BANKING AND INVESTMENT CORPORATION | $107 billion |
| 3 | ACWA POWER COMPANY | $77.14 billion |
| 4 | SAUDI TELECOM COMPANY | $58.73 billion |
| 5 | THE SAUDI NATIONAL BANK | $54.47 billion |
| 6 | SABIC | $54.33 billion |
| 7 | SAUDI ARABIAN MINING COMPANY (MA'ADEN) | $50.73 billion |
| 8 | DR. SULAIMAN AL HABIB MEDICAL SERVICES GROUP COMPANY | $27.71 billion |
| 9 | RIYAD BANK | $23.33 billion |
| 10 | ELM COMPANY | $23.19 billion |
| 11 | ALINMA BANK | $20.5 billion |
| 12 | SAUDI AWWAL BANK | $19.37 billion |
| 13 | SAUDI ELECTRICITY COMPANY | $19.25 billion |
| 14 | ALMARAI COMPANY | $15.58 billion |
| 15 | SABIC AGRI-NUTRIENTS COMPANY | $14.2 billion |
| 16 | BANK ALBILAD | $12.67 billion |
| 17 | ETIHAD ETISALAT COMPANY | $11.79 billion |
| 18 | ARAB NATIONAL BANK | $11.43 billion |
| 19 | BANQUE SAUDI FRANSI | $11.07 billion |
| 20 | ARABIAN INTERNET AND COMMUNICATION SERVICES COMPANY | $10.27 billion |
| 21 | KINGDOM HOLDING COMPANY | $10.18 billion |
| 22 | JABAL OMAR DEVELOPMENT COMPANY | $8.15 billion |
| 23 | BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY | $7.47 billion |
| 24 | SAUDI TADAWUL GROUP HOLDING COMPANY | $6.88 billion |
| 25 | THE COMPANY FOR COOPERATIVE INSURANCE | $6.11 billion |
| 26 | SAL SAUDI LOGISTICS SERVICES COMPANY | $6.06 billion |
| 27 | THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA | $5.89 billion |
| 28 | RIYADH CABLES GROUP COMPANY | $5.82 billion |
| 29 | MAKKAH CONSTRUCTION AND DEVELOPMENT COMPANY | $5.79 billion |
| 30 | YANBU NATIONAL PETROCHEMICAL COMPANY | $5.6 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).
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.
Follow CEOWORLD Magazine on: Google News, LinkedIn, X (Twitter), and Facebook.
Note: The views expressed are those of the authors and do not necessarily reflect those of CEOWORLD Magazine, its Editorial Board, or management. Content is provided "as is," may contain monetized links, and is not professional advice. See our Ethics & Guidelines for details. Reproduction requires prior written permission.
Contact info@ceoworld.biz for inquiries or media requests.
