Top 10 Companies in Saudi Arabia

Top 10 Companies in Saudi Arabia: Industry Giants and Market Leaders

Saudi Arabia, the economic powerhouse of the Middle East, boasts a diverse and thriving corporate landscape. From energy behemoths to financial powerhouses and technology innovators, the following companies stand out as the top 10 titans of Saudi Arabian business:

1. Saudi Aramco (Energy)

• Industry: Oil and gas
• Market Influence: Global oil market leader, accounting for 10% of global crude oil production
• Notable Achievements: World’s largest producer of crude oil; listed on the Saudi Stock Exchange with a valuation exceeding $2 trillion

2. Saudi Basic Industries Corporation (SABIC) (Chemicals)

• Industry: Petrochemicals and plastics
• Market Influence: Global leader in petrochemical and plastics production, with operations in over 50 countries
• Notable Achievements: World’s largest producer of polyethylene and polypropylene; recognized for its sustainability initiatives

3. Saudi National Bank (SNB) (Banking)

• Industry: Banking and financial services
• Market Influence: Largest bank in Saudi Arabia by assets, serving over 30 million customers
• Notable Achievements: Pioneering in digital banking, with a wide range of mobile and online services

4. Saudi Telecom Company (STC) (Telecommunications)

• Industry: Telecommunications
• Market Influence: Dominant telecom provider in Saudi Arabia, with a market share of over 50%
• Notable Achievements: Major investments in 5G infrastructure and digital transformation

5. Ma’aden (Mining)

• Industry: Mining and metals
• Market Influence: Leading producer of gold, silver, copper, and zinc in Saudi Arabia
• Notable Achievements: Operates the world’s largest gold mine in Sukhaybarat; plans to expand into renewable energy

6. Al Rajhi Bank (Banking)

• Industry: Banking and financial services
• Market Influence: Second-largest bank in Saudi Arabia by assets, known for its Islamic banking offerings
• Notable Achievements: Strong presence in the Middle East and North Africa region; recognized for its financial stability

7. Saudi Kayan Petrochemical Company (Petrochemicals)

• Industry: Petrochemicals
• Market Influence: Major producer of ethylene, polyethylene, and chlor-alkali products
• Notable Achievements: Joint venture between SABIC and ExxonMobil; state-of-the-art production facilities

8. Banque Saudi Fransi (BSF) (Banking)

• Industry: Banking and financial services
• Market Influence: Third-largest bank in Saudi Arabia by assets, focused on retail and corporate banking
• Notable Achievements: Strong partnership with Crédit Agricole; known for its innovative digital solutions

9. Saudi Aramco Total Refining and Petrochemical Company (SATROP) (Energy)

• Industry: Refining and petrochemicals
• Market Influence: Joint venture between Saudi Aramco and TotalEnergies; operates the Jubail Refinery
• Notable Achievements: One of the world’s largest integrated refining and petrochemical complexes

10. Almarai (Food and Beverage)

• Industry: Food and beverage
• Market Influence: Leading dairy and food producer in Saudi Arabia, with a wide range of products
• Notable Achievements: Focus on quality and innovation; recognized for its sustainability practices