As of January 21, 2025, Aramco is the most valuable company in Saudi Arabia, with a market cap of $1,816 billion. Following it are AL RAJHI BANKING AND INVESTMENT CORPORATION ($102 billion) and ACWA POWER COMPANY ($85 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 | $1,816 billion |
| 2 | AL RAJHI BANKING AND INVESTMENT CORPORATION | $102 billion |
| 3 | ACWA POWER COMPANY | $85 billion |
| 4 | SAUDI TELECOM COMPANY | $56.51 billion |
| 5 | THE SAUDI NATIONAL BANK | $56.11 billion |
| 6 | SABIC | $54.95 billion |
| 7 | SAUDI ARABIAN MINING COMPANY (MA'ADEN) | $49.09 billion |
| 8 | DR. SULAIMAN AL HABIB MEDICAL SERVICES GROUP COMPANY | $26.97 billion |
| 9 | ELM COMPANY | $26.1 billion |
| 10 | RIYAD BANK | $23.2 billion |
| 11 | ALINMA BANK | $20.06 billion |
| 12 | SAUDI AWWAL BANK | $19.64 billion |
| 13 | SAUDI ELECTRICITY COMPANY | $18.86 billion |
| 14 | ALMARAI COMPANY | $15.17 billion |
| 15 | SABIC AGRI-NUTRIENTS COMPANY | $14.44 billion |
| 16 | BANK ALBILAD | $13.25 billion |
| 17 | ETIHAD ETISALAT COMPANY | $11.7 billion |
| 18 | ARAB NATIONAL BANK | $11.36 billion |
| 19 | BANQUE SAUDI FRANSI | $10.77 billion |
| 20 | ARABIAN INTERNET AND COMMUNICATION SERVICES COMPANY | $9.44 billion |
| 21 | KINGDOM HOLDING COMPANY | $9.1 billion |
| 22 | BUPA ARABIA FOR COOPERATIVE INSURANCE COMPANY | $8.37 billion |
| 23 | JABAL OMAR DEVELOPMENT COMPANY | $7.14 billion |
| 24 | SAUDI TADAWUL GROUP HOLDING COMPANY | $6.96 billion |
| 25 | THE COMPANY FOR COOPERATIVE INSURANCE | $6.11 billion |
| 26 | SAL SAUDI LOGISTICS SERVICES COMPANY | $5.82 billion |
| 27 | SAUDI RESEARCH AND MEDIA GROUP | $5.77 billion |
| 28 | THE NATIONAL SHIPPING COMPANY OF SAUDI ARABIA | $5.7 billion |
| 29 | YANBU NATIONAL PETROCHEMICAL COMPANY | $5.68 billion |
| 30 | RIYADH CABLES GROUP COMPANY | $5.66 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.
Bring the best of the CEOWORLD magazine's global journalism to audiences in the United States and around the world. - Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2025 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
