Saudia Arabia is the biggest economic zone in the Middle East. It’s main earning comes from crude oil. The country is the world’s biggest crude oil supplier. One of the biggest problems with crude oil is that it emits the most carbon. World most of the country try to exclude it. Most of the countries in the world are leaning towards green fuel day by day. Alon Musk already launches a market electric car. Other big companies try to discover and launch electric vehicles. What happens for the reason? day by day decreases demand for fuel. We are talking about Saudi Arabia’s top 10 ranked company and their asset.
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The Saudi government understands this very well and has taken a number of steps to overcome it. The first step announces vision 2020. All the sectors include tax. At least 10 million people work abroad for shops and other development work in Saudi Arabia. The huge amount of population also comes under the Saudi govt tax. They nationalize different jobs for their own people. It is one of the big changes in their economy. Even after all this, a number of companies have emerged in Saudi Arabia. Here are we showing top 10 Saudi Arabia group of companies and their net worth according to Forbes 2000 report.
|Rank||Forbes 2000 Rank||Name Of Company||Headquarters||Revenue (billion US$)||Profit (billion US$)||Asset (billion US$)||Value (billion US$)||Industry|
|1||5||Saudi Aramco||Dhahran||329.8||88.2||398.3||1684.8||Oil & Gas|
|2||212||Saudi Basic Industries||Riyadh||37.3||1.5||83.4||59.8||Chemicals|
|3||315||Saudi Telecom company||Riyadh||14.6||2.9||32.1||48.3||Telecommunication|
|4||396||National Commercial Bank||Jeddah||6.8||3.1||135.2||29.6||Banking|
|5||473||Al Rajhi Bank||Riyadh||5.3||2.8||102.4||38.1||Banking|
|6||590||Saudi Electricity Company||Riyadh||17.3||0.4||127.9||18.9||Utilities|
|8||780||Samba Financial Group||Riyadh||2.8||1.1||68.1||12.4||Finance|
|9||814||Saudi British Bank||Riyadh||2.9||0.9||70.8||13.5||Banking|
|10||934||Banque Saudi Fransi||Riyadh||2.5||0.8||47.5||9.9||Banking|
1) Saudi Aramco
The list we looking Saudi Arabia top company is Saudi Aramco. The company not only Saudi Arabia biggest, the company is world largest fuel supplier organization. Saudi Aramco headquarter is Dhahran. Around 79 thousand plus people employee working for his mission. The company revenue $338.9 billion. End of the year the company profit $88.2 billion. The company total asset is $398.3 billion and market value $1684.8 billion. The company main product –
- Crude Oil
- Natural Gasoline
2) Saudi Basic Industries
Saudi Basic industries is the second largest group of company in Saudi Arabia. The company revenue is $37.3B and end of the year the company total profit $1.5B. The total employee is 32000 plus and its main product methanol, ethylene, propylene, benzene, toluene, xylene, industrial gases, thermoplastic resins, polyester, melamine, urea fertilizers, and long and flat hot and cold rolled steel products.
3) Saudi Telecom company
Saudi Telecom is the third-largest company in Saudi Arabia. It is better known as Saudi people STC. Saudi telecom is the first established telecommunication system in this country. At the end of the year, the company’s total revenue was $14.6B and nit profit $2.9B. Mobily and Zain is an alternative mobile communication operator which are in competition with STC company. But other competitors are note come the same position.
4) National commercial Bank Ltd
National Commercial Bank Ltd takes position 4 present year and Global Forbes rank 396 number. The company gets a hard financial position in this country. The national commercial bank (NCB) also know as Al Ahli bank. The institute is the largest bank by total asset in Saudi Arabia, and the products, financial services. The company’s total asset $135.2B, and its headquater is Jeddah Saudi Arabia.
5) Al-Rajhi Bank
Another financial top five position and globally rank according to Forbes report 473 bank services. The company main product is financial services, direct debit, corporate liquidity management, dividend distribution, automated notification, cash deposit machine ext. It is a big financial service in Saudi Arabia. The bank invests huge quantity industry in this country.
6) Saudi Electricity Company
Saudi Electricity Company is a Saudi electric energy company. End of the year the company amazingly growing and take position number 6 globally rank according to Forbes report 590. It enjoys a monopoly on the generation, transmission, and distribution of electric power in Saudi Arabia throw 45 power generation plants in the country. It’s has a large employee 33957 and the company headquarters established in Riyadh. The company’s total asset end of the year $127.9B.
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7) Riyadh Bank
Although many of their sectors have suffered as a result of major reforms the banking sector has flourished day by day in this country. Riyadh bank nationally grows and takes position 7 and globally according to Forbes report rank 709. Same as it is one of the big financial services systems in Saudi Arabia. Riyadh bank counts total assets according to Forbes magazine report $13.6B.
8) Samba Financial Group
As a Saudi Arabia second largest bank by market value, Samba financial group is a banking heavy weight with a solid presence in Europe, the middle east and south Asia. It hold 66 branches across the Kingdom, with branches in London, Dubai and Pakistan. End of the year 2020 the company globally rank 780 according to Forbes report and nationally rank 8th position. The company total asset $68.1B (collection from Forbes report).
9) Saudi British Bank
Saudi British Bank (SAAB) provides personal private and corporate banking services to customers across Saudi Arabia. Corporate services include cash management, treasury, and investment banking through HSBC Saudi Arabia Limited. In the last few years, the growing amazingly and its services increase. The Bank last year perform and take a position in Saudi Arabia 9th and globally rank according to Forbes report 814. Saudi British Bank’s total asset across $70.8 Billion.
10) Banque Saudi Fransi
Banque Saudi Fransi is a Saudi Arabia joint-stock company established by Royal decree No. M/23 dated June in 1977. The bank mainly provides from their 100 branches services across the country and internationally. Banque Saudi Fransi Bank end of the year globally ranks 934 and nationally ranks top 10 positions. The company’s total asset according to Forbes report was $47.5 Billion.