Explore the top 10 biggest companies in Saudi Arabia by revenue in 2023, including industry leaders like Saudi Aramco, SABIC, and Saudi Electricity. These companies play a crucial role in the energy, chemicals, and banking sectors, contributing to the country’s economic growth. Discover their impressive revenue figures and the diverse range of products and services they offer.
1. Saudi Aramco
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $552250 Millions
Stock symbol: 2222.SR
Saudi Aramco, headquartered in Dhahran, Saudi Arabia, was founded in 1933. It operates in multiple countries, with operations in more than 80 countries worldwide. Saudi Aramco is primarily engaged in the exploration, production, refining, distribution, and marketing of petroleum and petrochemical products. It is one of the largest oil companies globally and is known for its extensive range of products and services in the energy sector.
2. SABIC
Industry: chemicals
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $55130 Millions
Stock symbol: 2010.SR
SABIC, headquartered in Riyadh, Saudi Arabia, was founded in 1976. It operates in over 50 countries worldwide, making it a global leader in diversified chemicals. SABIC’s main activities include the production of chemicals, polymers, fertilizers, and metals. The company offers a wide range of products and services, catering to various industries such as automotive, construction, healthcare, and agriculture. SABIC is known for its renowned brands like NORYL, LEXAN, and ULTEM, among others.
3. Saudi Electricity
Industry: electric utilities
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $18670 Millions
Stock symbol: 5110.SR
Saudi Electricity is headquartered in Riyadh, Saudi Arabia and was founded in 2000. It operates in Saudi Arabia and has operations in multiple countries. The company’s main activities include generating, transmitting, and distributing electricity. They provide a wide range of products and services related to electricity generation and distribution. Saudi Electricity is known for its commitment to providing reliable and sustainable energy solutions to meet the growing demands of the region.
4. Saudi Telecom Company
Industry: telecommunications
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $17730 Millions
Stock symbol: 7010.SR
Saudi Telecom Company Home Page
Saudi Telecom Company (STC) is headquartered in Riyadh, Saudi Arabia and was founded in 1998. It operates in multiple countries, including Kuwait, Bahrain, India, Malaysia, and South Africa. STC is primarily engaged in providing telecommunications services, including fixed-line, mobile, internet, and digital services. It offers a wide range of products and services, such as voice and data plans, broadband internet, cloud services, and digital solutions. STC is known for its brands, including STC, VIVA, and GO.
5. Petro Rabigh
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $15540 Millions
Stock symbol: 2380.SR
Petro Rabigh is a company headquartered in Rabigh, Saudi Arabia, and was founded in 2005. It operates in multiple countries, with operations in Saudi Arabia, Japan, China, and South Korea. The company’s main activities include the production and marketing of refined petroleum products, petrochemicals, and polymers. Some of its notable brands include Rabigh Refining and Petrochemical Company (Petro Rabigh) and Rabigh Arabian Water and Electricity Company (RAWEC).
6. Maaden
Industry: mining
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $10480 Millions
Stock symbol: 1211.SR
Maaden is a multinational mining company headquartered in Riyadh, Saudi Arabia. It was founded in 1997. The company operates in multiple countries, including Saudi Arabia, where it has its main operations, as well as in other countries such as the United States, Canada, and Australia. Maaden’s main activities revolve around mining and mineral exploration, with a focus on gold, copper, aluminum, and phosphate. The company also provides various services related to mining, such as refining and processing. Maaden is known for its brands such as Maaden Gold and Maaden Aluminum.
7. The Saudi National Bank
Industry: banking
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $8860 Millions
Stock symbol: 1180.SR
The Saudi National Bank Home Page
The Saudi National Bank, headquartered in Riyadh, Saudi Arabia, was founded in 1953. It operates in multiple countries, with a presence in more than 30 countries worldwide. The bank’s main activities include providing a wide range of banking services, such as retail banking, corporate banking, and investment banking. It offers various products and services, including loans, credit cards, savings accounts, and wealth management solutions. The Saudi National Bank is known for its strong brand presence and is one of the largest banks in the Middle East.
8. Al Rajhi Bank
Industry: banking
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $7490 Millions
Stock symbol: 1120.SR
Al Rajhi Bank is headquartered in Riyadh, Saudi Arabia and was founded in 1957. It operates in multiple countries, with a presence in over 15 countries worldwide. The bank’s main activities include providing banking and financial services to individuals, businesses, and institutions. They offer a wide range of products and services such as personal and business banking, investment services, and Islamic banking solutions. Al Rajhi Bank is known for its strong brand reputation and commitment to providing innovative and customer-centric financial solutions.
9. Savola Group
Industry: consumer staples
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $7130 Millions
Stock symbol: 2050.SR
Savola Group is headquartered in Jeddah, Saudi Arabia and was founded in 1979. It operates in multiple countries, with a presence in over 50 countries worldwide. The company is primarily engaged in the food and retail sectors, specializing in edible oils, sugar, and pasta products. Savola Group also offers a range of services including logistics, real estate, and packaging. Some of its well-known brands include Afia, Al Arabi, and Al Wazir.
10. Saudi Arabian Fertilizer Company
Industry: chemicals
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $5010 Millions
Stock symbol: 2020.SR
Saudi Arabian Fertilizer Company Home Page
The Saudi Arabian Fertilizer Company, founded in 1965, is headquartered in Dammam, Saudi Arabia. It operates in multiple countries and has a presence in over 90 countries worldwide. The company’s main activities revolve around the production and distribution of fertilizers, chemicals, and agricultural products. It offers a wide range of products and services to support the agricultural industry.
More: Exploring the Dynamics of Saudi Arabia’s Economic System
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