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
| RANK | COMPANY | MARKET CAPITAL (USD DOLLER) | CEO |
|---|---|---|---|
| 1 | KUWAIT FINANCE HOUSE K.S.C.P. | $40.16 billion | Abdulwahab Iesa Alrushood |
| 2 | NATIONAL BANK OF KUWAIT S.A.K.P. | $25.1 billion | Isam Jasem A. Al-Sager |
| 3 | BOUBYAN BANK K.S.C.P. | $8.04 billion | Adel Abdul Wahab Al-Majed |
| 4 | MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P. | $7.17 billion | Bader Nasser Al-Kharafi |
| 5 | AGILITY PUBLIC WAREHOUSING COMPANY K.S.C.P. | $4.95 billion | Tarek Sultan |
| 6 | MABANEE COMPANY K.P.S.C. | $3.67 billion | Waleed Mandani |
| 7 | GULF BANK K.S.C.P. | $3.47 billion | Waleed Khaled Al-Sharian |
| 8 | COMMERCIAL BANK OF KUWAIT K.P.S.C. | $3.07 billion | Waleed Mandani |
| 9 | BURGAN BANK K.P.S.C. | $2.32 billion | Elham Mahfouz |
| 10 | NATIONAL MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P. | $2.07 billion | Jehad Al Humaidhi |
| 11 | AL AHLI BANK OF KUWAIT K.S.C.P. | $2.01 billion | Tony Daher |
| 12 | KUWAIT TELECOMMUNICATIONS COMPANY K.S.C.P. | $1.94 billion | Bader Nasser Al-Kharafi |
| 13 | KUWAIT PROJECTS COMPANY HOLDING K.S.C.P. | $1.91 billion | Maziad Bin Nasser Al Harbi |
| 14 | GULF INSURANCE GROUP K.S.C.P. | $1.77 billion | Sunny Bhatia |
| 15 | NATIONAL INDUSTRIES GROUP HOLDING - KPSC | $1.69 billion | Khalid Saud Abdulaziz Al-Hasan |
| 16 | HUMANSOFT HOLDING COMPANY K.S.C.P. | $1.4 billion | Ahmed Mohammed Hussein |
| 17 | BOURSA KUWAIT SECURITIES COMPANY K.P.S.C. | $1.37 billion | Georges El Yahchouchy |
| 18 | WARBA BANK K.S.C.P. | $1.28 billion | Mohammed Azaddin |
| 19 | BOUBYAN PETROCHEMICAL COMPANY K.S.C.P. | $1.06 billion | Shaheen Hamad Al-Ghanem |
| 20 | GULF CABLE AND ELECTRICAL INDUSTRIES COMPANY - KPSC | $1 billion | Basel Abdullah Kanaan |
| 21 | ALI AL-GHANIM SONS AUTOMOTIVE COMPANY K.S.C.P. | $1.01 billion | Ali Mohammed Thunayan Alghanim |
| 22 | GFH FINANCIAL GROUP BSC | $0.980 billion | Hisham Al Rayes |
| 23 | KUWAIT INTERNATIONAL BANK K.S.C.P. | $0.877 billion | Raed Jawad Ahmad Bukhamseen |
| 24 | SALHIA REAL ESTATE COMPANY K.S.C.P. | $0.834 billion | Ghazi Fahad Abdulaziz Al-Nafisi |
| 25 | JAZEERA AIRWAYS K.S.C.P. | $0.815 billion | Rohit Ramachandran |
| 26 | COMMERCIAL REAL ESTATE COMPANY K.P.S.C. | $0.760 billion | Abdul Latif Abdul Munaf Maerefi |
| 27 | NATIONAL INVESTMENTS COMPANY K.S.C.P. | $0.701 billion | Fahad Abdulrahman Saud Al-Mukhaizim |
| 28 | KUWAIT REAL ESTATE COMPANY K.P.S.C. | $0.678 billion | Tarek Ibrahim Abdullah Al-Mansour |
| 29 | ALAFCO AVIATION LEASE AND FINANCE COMPANY K.S.C.P. | $0.651 billion | Adel Ahmad Albanwan |
| 30 | IFA HOTELS AND RESORTS - KPSC | $0.629 billion | Khaled Saeed Al-Abd Esbaitah |
| 31 | TAMDEEN INVESTMENT COMPANY - KSCP | $0.621 billion | Talal 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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