Unveiling the pillars of Saudi Arabia’s economy, the largest companies in this thriving nation are more than just commercial giants; they are the backbone of a visionary saga known as Saudi Vision 2030.
As we journey through the realms of industrial magnates like Saudi Aramco and SABIC, the essence of innovation, resilience, and unparalleled growth becomes palpable.
Understanding these top corporations isn’t mere corporate voyeurism; it’s a window into Saudi Arabia’s economic prowess.
By the end of this exploration, you’ll grasp why entities like Almarai and National Commercial Bank aren’t just names on a list but cornerstones of the Kingdom’s industrial zenith.
This article will cover the economic landscapes defined by oil, petrochemicals, finance, and telecommunications.
Prepare to dive deep into a narrative that not only lists companies but vividly illustrates their impact on the Middle East economy. Buckle up—this insight promises more than just facts. It reveals the soul of a nation’s economic might.
Largest Companies In Saudi Arabia To Check Out
| Name | Market Cap |
| Saudi Aramco | $2.062 T |
| Al Rajhi Bank | $95.93 B |
| The Saudi National Bank | $67.07 B |
| SABIC | $63.94 B |
| Saudi Telecom Company | $55.45 B |
| ACWA POWER Company | $49.65 B |
| Maaden | $49.54 B |
| Naqi Water Company | $42.09 B |
| Dr. Sulaiman Al Habib Medical Services Group Company | $30.94 B |
| Riyad Bank | $24.80 B |
| Alinma Bank | $23.67 B |
| The Saudi British Bank | $22.33 B |
| Saudi Electricity | $22.14 B |
| Elm Company | $21.98 B |
| Saudi Arabian Fertilizer Company | $16.12 B |
| Almarai | $15.64 B |
| Bank Albilad | $13.63 B |
| Banque Saudi Fransi | $12.04 B |
| Arab National Bank | $11.30 B |
| Etihad Etisalat (Mobily) | $11.27 B |
| Arabian Internet and Communications Services | $11.04 B |
| Bupa Arabia for Cooperative Insurance Company | $9.31 B |
| Jabal Omar Development | $8.19 B |
| Saudi Tadawul Group Holding Company | $7.65 B |
| Savola Group | $7.54 B |
| Luberef (Saudi Aramco Base Oil Company) | $7.40 B |
| Kingdom Holding | $7.10 B |
| Mouwasat Medical Services Company | $6.55 B |
| The Company for Cooperative Insurance | $6.44 B |
| Saudi International Petrochemical Company (Sipchem) | $6.09 B |
| ADES Holding Company | $5.93 B |
| MBC Group Co. | $5.85 B |
| SAL Saudi Logistics Services | $5.72 B |
| Yanbu National Petrochemical | $5.72 B |
| Saudi Research and Media Group | $5.05 B |
| MARAFIQ (The Power and Water Utility Company for Jubail and Yanbu) | $4.98 B |
| Nahdi Medical Company | $4.88 B |
| Jarir | $4.85 B |
| Riyadh Cables Group Company | $4.67 B |
| Saudi Investment Bank | $4.39 B |
| Bank AlJazira | $4.30 B |
| Saudi Industrial Investment Group | $4.28 B |
| Arabian Drilling Company | $4.05 B |
| Dar Al Arkan Real Estate Development Company | $3.94 B |
| Saudi Kayan Petrochemical Company | $3.92 B |
| Petro Rabigh | $3.87 B |
| Makkah Construction & Development | $3.62 B |
| National Shipping Company of Saudi Arabia (Bahri) | $3.54 B |
| Arabian Contracting Services Company | $3.45 B |
| Aldrees Petroleum and Transport Services | $3.44 B |
| Zain Saudi Arabia | $3.43 B |
| Saudia Dairy & Foodstuff Company | $3.25 B |
| Abdullah Al-Othaim Markets Company | $3.17 B |
| Leejam Sports Company | $2.95 B |
| CATRION Catering Holding Company | $2.88 B |
| Al Hammadi Holding Company | $2.74 B |
| Jamjoom Pharmaceuticals Factory Company | $2.73 B |
| Cenomi Centers (Arabian Centres Company) | $2.67 B |
| Advanced Petrochemical | $2.67 B |
| The National Agricultural Development Company | $2.65 B |
| Al-Dawaa Medical Services Company | $2.59 B |
| Emaar The Economic City | $2.50 B |
| National Medical Care Company | $2.45 B |
| Seera Holding Group | $2.37 B |
| National Industrialization Company (Saudi Arabia) | $2.35 B |
| Taiba Investments | $2.18 B |
| BinDawood | $2.07 B |
| Saudi Ground Services Company | $2.06 B |
| Saudi Real Estate Company (Al Akaria) | $2.02 B |
| Al Rajhi Company for Cooperative Insurance | $2.02 B |
| Yamama Saudi Cement Company | $1.92 B |
| Saudi Cement Company | $1.91 B |
| United Electronics Company (eXtra Saudi) | $1.82 B |
| Jahez International Company for Information Systems Technology | $1.80 B |
| Budget Saudi (United International Transportation Company) | $1.67 B |
| Lumi Rental Company | $1.64 B |
| Almunajem Foods Company | $1.59 B |
| Future Care Trading Company | $1.56 B |
| Alkhorayef Water and Power Technologies Company | $1.56 B |
| Southern Province Cement Company | $1.48 B |
| Qassim Cement Company | $1.40 B |
| Al Masane Al Kobra Mining Company | $1.36 B |
| Knowledge Economic City Company | $1.32 B |
| Yanbu Cement Company | $1.30 B |
| Perfect Presentation for Commercial Services Company | $1.27 B |
| Retal Urban Development Company | $1.26 B |
| SPIMACO (Saudi Pharmaceutical Industries and Medical Appliances Corporation) | $1.24 B |
| First Milling Company | $1.17 B |
| Saudi Chemical Holding Company | $1.15 B |
| Al Moammar Information Systems | $1.15 B |
| Arriyadh Development Company | $1.12 B |
| East Pipes Integrated Company for Industry | $0.96 B |
| Al-Saif Stores for Development & Investment | $0.96 B |
| Riyadh Cement Company | $0.92 B |
| Ataa Educational Company | $0.91 B |
| Maharah for Human Resources Company | $0.90 B |
| Arabian Cement Company | $0.88 B |
| National Building and Marketing Company | $0.83 B |
| Eastern Province Cement Company | $0.82 B |
| Theeb Rent A Car Company | $0.82 B |
Saudi Aramco
Imagine the pulse of global oil, right here in our backyard. Saudi Aramco isn’t just a company; it’s a powerhouse in the oil and gas industry. Think groundbreaking innovations and a global footprint. This entity is more than just oil; it’s a symbol of Saudi’s economic prowess.
Al Rajhi Bank
Al Rajhi Bank is where tradition meets modernity. Rooted deeply in Saudi’s financial soil, it’s a leader in Islamic banking. This bank isn’t just about transactions; it’s about forging a future-proof financial landscape. Personal, corporate, or investment banking? They’ve got it all.
SABIC
Dive into the world of SABIC, where chemistry meets innovation. It’s not just chemicals they’re dealing with; it’s solutions for a sustainable future. From petrochemicals to progressive products, SABIC is a beacon in Saudi’s industrial sky.
The Saudi National Bank
At the heart of Saudi’s financial arena stands The Saudi National Bank. More than just a bank, it’s a financial institution shaping the economic narrative. Whether it’s corporate banking or personal finance, they’re the go-to for financial wisdom.
Saudi Telecom Company
Saudi Telecom Company (STC) is the voice of tomorrow. Telecommunications? They’re redefining it with cutting-edge tech and digital solutions. Think beyond calls and texts; STC is leading Saudi’s journey into the digital future.
Maaden
Maaden is not your ordinary mining company. It’s a key player in Saudi’s diversification, turning natural resources into economic gold. Mining? Yes. But also innovation, sustainability, and a vision for a prosperous future.
Riyad Bank
Step into Riyad Bank, and you’re stepping into a world of financial mastery. It’s more than a bank; it’s a financial ally for individuals and businesses alike. Banking services here aren’t just transactions; they’re pathways to financial growth.
Saudi Electricity
Power up with Saudi Electricity. This isn’t just about lighting up homes; it’s about energizing a nation. With a focus on sustainability and innovation, Saudi Electricity is the spark behind Saudi’s vibrant energy scene.
Alinma Bank
Alinma Bank is where values and vision converge. Islamic banking gets a modern twist here. It’s not just about financial services; it’s about ethical, transparent banking that’s paving the way for a new era in finance.
The Saudi British Bank
The Saudi British Bank (SABB) is a fusion of global expertise and local wisdom. Bridging Saudi and international markets, it’s not just a bank; it’s a global financial player with a Saudi heartbeat. Here, banking is about connecting worlds.
Saudi Arabian Fertilizer Company
Meet the growth enablers at Saudi Arabian Fertilizer Company. This isn’t just about fertilizers; it’s about nurturing the agricultural backbone of Saudi. They’re blending science and sustainability to revolutionize the agro-sector.
Elm Company
Elm Company is where technology meets practical solutions. They’re not just an IT company; they’re pioneers in digital transformation. From e-services to smart solutions, Elm is digitizing Saudi’s future, one innovative step at a time.
Almarai
Almarai isn’t just a brand; it’s a staple in every Saudi household. They’re more than dairy; they’re nutrition providers. From milk to cheese, Almarai is blending taste with health, feeding millions with quality and care.
Banque Saudi Fransi
Banque Saudi Fransi is where financial expertise greets you with a smile. It’s not just about banking; it’s about creating financial experiences. They’re weaving trust and reliability into every financial solution they offer.
Bank Albilad
Bank Albilad is redefining Islamic banking. Here, it’s not just about following principles; it’s about leading with them. Offering a spectrum of sharia-compliant services, they’re the financial guardians of ethical banking.
Arabian Internet and Communications Services
Dive into the digital wave with Arabian Internet and Communications Services. This entity isn’t just providing connectivity; it’s building digital bridges. From internet services to IT solutions, they’re the digital heartbeat of Saudi.
Etihad Etisalat (Mobily)
Mobily is more than a telecom provider; it’s a digital trendsetter. They’re not just connecting calls; they’re connecting lives with innovative telecom and digital services. Mobily is scripting Saudi’s digital narrative.
Arab National Bank
Arab National Bank is where finance meets future. They’re not just another bank; they’re a financial compass guiding through economic landscapes. With a blend of traditional values and modern banking, they’re a financial beacon.
Bupa Arabia for Cooperative Insurance Company
Bupa Arabia isn’t just about insurance; it’s about ensuring peace of mind. They’re blending healthcare with security, providing insurance solutions that care. Here, insurance is not just a policy; it’s a promise of well-being.
Kingdom Holding
Kingdom Holding stands tall as a monument of business excellence. It’s not just an investment firm; it’s a catalyst for innovation and growth. Diverse investments, visionary leadership – Kingdom Holding is sculpting the future of business.
Saudi International Petrochemical Company (Sipchem)
Sipchem is where chemistry innovates for a better world. Not just another petrochemical company, they’re at the forefront of developing sustainable solutions. From plastics to polymers, Sipchem is crafting materials that shape our everyday life.
Jabal Omar Development
Jabal Omar Development is redefining urban landscapes. They’re not just building structures; they’re crafting experiences. From luxurious hotels to commercial hubs, Jabal Omar is the architect of modern, vibrant living spaces in Makkah.
Mouwasat Medical Services Company
Mouwasat isn’t just a healthcare provider; it’s a beacon of healing and hope. They’re blending compassion with cutting-edge medical care, offering a sanctuary of health and wellness. Here, medical services go beyond treatment; they touch lives.
Yanbu National Petrochemical
Yanbu National Petrochemical is a testament to industrial progress. They’re not just about petrochemical production; they’re about pioneering sustainable practices in the industry. Their innovative approach is fueling growth, not just in Yanbu but across the globe.
Savola Group
Savola Group is where food, retail, and responsibility meet. They’re not just about business; they’re about nourishing communities. From edible oils to mega malls, Savola is a household name, synonymous with quality and ethical business.
Jarir
Jarir is more than a bookstore; it’s a hub of knowledge and technology. They’re not just selling books and gadgets; they’re enriching minds. Whether it’s the latest read or tech trend, Jarir is the go-to destination for the curious and the informed.
Petro Rabigh
Petro Rabigh is turning natural resources into industrial marvels. This entity is not just about refining oil; it’s about refining futures. Their state-of-the-art facilities are not just producing petrochemicals; they’re fueling economic growth and innovation.
Saudi Kayan Petrochemical Company
Saudi Kayan is a symphony of science and sustainability. They’re not just in the business of petrochemicals; they’re in the business of progress. Their advanced products are not just materials; they’re the building blocks of a sustainable future.
Saudi Investment Bank
Saudi Investment Bank is where financial foresight meets opportunity. They’re not just managing money; they’re nurturing growth. Offering a blend of innovative banking services, they’re a key player in Saudi’s financial landscape.
Bank AlJazira
Bank AlJazira is where banking meets innovation. They’re not just providing financial services; they’re creating financial solutions. With a focus on Islamic banking, they’re blending tradition with modernity, serving the needs of a diverse clientele.
Zain Saudi Arabia
Zain is more than a telecom company; it’s a digital pioneer. They’re not just connecting calls; they’re connecting aspirations with state-of-the-art telecom and internet services. Zain is at the heart of Saudi’s digital revolution.
National Shipping Company of Saudi Arabia (Bahri)
Bahri isn’t just about shipping; it’s about navigating success. They’re mastering the seas with their fleet, connecting markets, and fueling trade. Beyond transportation, Bahri is a key player in global logistics and maritime services.
Makkah Construction & Development
Makkah Construction & Development is building more than buildings; they’re building heritage. Focused on developing the holy city, they’re not just constructing spaces; they’re creating experiences for millions of pilgrims and visitors.
Al Moammar Information Systems
Al Moammar Information Systems is where technology meets innovation. They’re not just an IT company; they’re a catalyst for digital transformation. Offering cutting-edge solutions, they’re at the forefront of Saudi Arabia’s tech evolution.
Alamar Foods Company
Alamar Foods Company is where flavor meets quality. They’re not just in the food business; they’re in the business of delighting taste buds. From fast food to fine dining, Alamar Foods is a culinary leader, bringing joy to every meal.
FAQ On The Largest Companies In Saudi Arabia
Which is the largest company in Saudi Arabia?
Without doubt, Saudi Aramco stands as the colossal titan in the Saudi business landscape. Renowned globally, this petroleum and natural gas behemoth not only fuels the Kingdom’s economy but also influences global oil markets with its sheer production capacity and vast reserves.
What are the key sectors for the largest companies?
From oil and gas to petrochemicals, finance, telecommunications, and agriculture, these sectors form the backbone of the Saudi economy.
Leaders like SABIC, Almarai, and Saudi Telecom Company shape these diverse industries, driving innovation and economic growth.
How does Saudi Vision 2030 impact these companies?
Saudi Vision 2030 heralds a transformative economic future, diversifying from oil dependency. Initiatives and reforms under this plan challenge companies to innovate, expand, and align with sustainable and diversified economic goals, making them more resilient and future-ready.
Who are the notable CEOs or leaders in these companies?
Leadership shapes success. Amin H. Nasser of Saudi Aramco and Yasir Al-Rumayyan from the Public Investment Fund are pivotal figures, steering their respective giants through the complexities of modern economic landscapes, ensuring stability and growth.
What role does the Public Investment Fund (PIF) play?
The Public Investment Fund (PIF) acts as Saudi Arabia’s sovereign wealth powerhouse. It strategically invests in both local and global markets, fueling economic diversification and supporting the growth of the Kingdom’s largest companies to meet Vision 2030 goals.
How significant is the Saudi Stock Exchange, Tadawul?
Tadawul, the Saudi Stock Exchange, is a crucial pillar in the financial sector. It provides a platform for the largest companies in Saudi Arabia to trade, raise capital, and reflect their market value, enhancing transparency and investor confidence in the process.
What are some challenges these companies face?
Economic volatility, fluctuating oil prices, regulatory changes, and the push for diversification pose challenges.
Adapting to the digital era, maintaining sustainability, and navigating geopolitical tensions also test these giants, demanding strategic agility and resilience.
How do these companies contribute to the Saudi economy?
They are the lifeblood of the Kingdom. With Saudi Aramco leading the charge, these companies drive GDP growth, innovation, and employment. Their global operations and investments elevate Saudi Arabia’s economic standing, fostering stability and prosperity.
What are the future prospects for these companies?
Bright and evolving. With Vision 2030 steering them towards diversification and sustainable practices, investment in technology, innovation, and expansion into new markets, the largest companies in Saudi Arabia are poised for robust growth and global competitiveness.
Are there any new emerging sectors?
Yes, renewable energy, tourism, and tech industries are gaining traction. Initiatives like NEOM and investment in green technologies showcase Saudi Arabia’s commitment to diversifying its economy beyond traditional oil and gas sectors, paving the way for future giants.
Conclusion
Unraveling the tapestry of the largest companies in Saudi Arabia reveals a landscape teeming with industrial might and economic ambition. Saudi Aramco, towering above all, epitomizes the Kingdom’s aspirations, seamlessly merging tradition with innovation. Alongside SABIC, Almarai, and Saudi Telecom Company, these corporations are not just businesses—they are the driving force behind the nation’s economic growth and transformation.
Saudi Vision 2030 places these giants at the epicenter of a new era, urging them to diversify, innovate, and lead by example. From oil and gas to agriculture and telecommunications, each sector showcases the multifaceted progress and resilience of the Saudi economy. And within this vibrant tableau, entities like the Public Investment Fund (PIF) and Tadawul underscore the strategic foresight propelling these titans forward.
By understanding these industrial powerhouses, one can glimpse the heartbeat of Saudi Arabia’s economic prowess, as they shape the future and carve a niche in the global arena.
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With over a decade in the tech field, Bogdan blends technical expertise with insights on business innovation in technology.
A regular contributor to TMS Outsource's blog, where you'll find sharp analyses on software development, tech business strategies, and global tech dynamics.
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