Location of Saudi Arabia

Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula. The country's command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry.[1][2] The country plans to reduce oil-based revenues to 42% by 2023.[3] A considerable proportion of Saudi companies are owned by families, including the royal family.

Public companies are listed on the Tadawul. For further information on the types of business entities in this country and their abbreviations, see "Business entities in Saudi Arabia".

Largest firms

See also: List of largest companies of Saudi Arabia

This list shows firms in the Fortune Global 500, which ranks firms by total revenues reported before 31 March 2017.[4] Only the top five firms (if available) are included as a sample.

Rank Image Name 2016 Revenues (USD $M) Employees Notes
299 SABIC $35,421 35,000 The Saudi Basic Industries Corporation is a diversified chemicals, industrial polymers, fertilizers, and metals company. Majority state-owned and headquartered in Riyadh, subsidiaries include Hadeed (steel), SAFCO (fertilizers), and the Yanbu National Petrochemical Company.

Notable firms

This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.

Notable companies
     Active      State-owned      Defunct
Name Industry Sector Headquarters Founded Notes
A. A. Turki Group Conglomerates - Dammam 1950 Has 23 various divisions, joint ventures and standalone companies
Abdullah Al-Othaim Markets Consumer services Food retailers & wholesalers Riyadh 1980 Grocery
Advanced Electronics Company Limited Industrials Electronic Equipment Riyadh 1988 Electronics research and manufacturing
Ahmad Hamad Al Gosaibi & Brothers Conglomerates - Khobar[5] 1940 Real estate, food & beverage, hospitality
Al Baik Consumer services Restaurants & bars Jeddah 1974 Fast food restaurants
Al Bilad Bank Financials Banks Riyadh 2004 Islamic bank
Al Faisaliah Group Conglomerates - Riyadh 1970 Food & beverage, consumer goods, media, chemicals
Al Madina Consumer services Publishing Jeddah 1937 Newspaper
Al Riyadh Consumer services Publishing Riyadh 1965 Newspaper
Al Shoula Group Conglomerates - Riyadh 1970 Insurance, real estate, defense
Al Tazaj Consumer services Restaurants & bars Jeddah 1989 Fast-casual restaurants
Al Yaum Consumer services Publishing Dammam 1965 Newspaper
Al-Bilad Consumer services Publishing Jeddah 1932 Newspaper
Shamiekh Holding Group Conglomerates Riyadh 1980 Consumer Discretionary
Alawwal Bank Financials Banks Riyadh 1926 Bank, formerly Saudi Hollandi Bank
Alinma Bank Financials Banks Riyadh 2006 Bank
Almarai Consumer goods Food products Riyadh 1977 Dairy
Al-Muhaidib Conglomerates - Dammam 1946 Food, retail, industrials, financials, energy
Al-Rajhi Bank Financials Banks Riyadh 1957 Islamic bank
Arab National Bank Financials Banks Riyadh 1979 Bank
Arabian Shield Cooperative Insurance Company Financials Full line insurance Riyadh 2007 Insurance
Bahri Transportation Marine transportation Riyadh 1978 Shipping line
Bin Quraya Industrials Specialty retailers Dhahran 1975 Industrial vehicle rentals
Civil and Electrical Projects Contracting Company Industrials Heavy construction Jeddah 1977 Construction
Dallah Al-Baraka Conglomerates - Jeddah 1969 Financials, health care, industrials, logistics
Dar Al-Arkan Real Estate Development Company Financials Real estate holding & development Riyadh 1994 Development
E. A. Juffali and Brothers Conglomerates - Jeddah 1946 Power, telecommunications, industrials
Flynas Consumer services Airlines Riyadh 2007 Low-cost airline, formerly named Nas Air
Haji Husein Alireza & Co. Ltd. Conglomerates - Jeddah 1906 Food & beverage, construction, consumer goods
House of Alireza Conglomerates - Khobar[6] 1845 Construction, real estate, shipping
Integrated Telecom Company Telecommunications Fixed line telecommunications Riyadh[7] 2005 Telecom, ISP, part of Mawarid Holding
Islamic Development Bank Financials Banks Jeddah 1975 Financing
Jadwa Investment Financials Investment services Riyadh 2006 Investment services
Jarir Bookstore Consumer services Specialty retailers Riyadh 1979 Books
King Fahd Complex for the Printing of the Holy Quran Consumer services Publishing Medina 1985 Publishing
Kingdom Holding Company Conglomerates - Riyadh 1980 Financials, tourism, media, oil & gas, technology
Kudu Consumer services Restaurants & bars Riyadh[8] 1988 Fast food restaurants
Maaden Basic materials General mining Riyadh 1997 State-owned mining
Mawarid Holding Conglomerates - Riyadh 1968 Financials, telecommunications, media, industrials
Nadec Consumer goods Food products Riyadh 1981 Agriculture and food-processing
Nama Chemicals Basic materials Specialty chemicals Jubail 1992 Chemical products
National Commercial Bank Financials Banks Jeddah 1953 Bank
Okaz Consumer services Publishing Jeddah 1960 Newspaper
Olayan Group Conglomerates - Riyadh[9] 1947 Construction, food & beverage, industrials
Omrania and Associates Industrials Business support services Riyadh 1973[10] Architecture
Panda Retail Company Consumer services Food retailers & wholesalers Riyadh 1978 Grocery, part of Savola Group
Petro Rabigh Oil and gas Exploration & production Rabigh 2005 Refining and marketing
Qaym Consumer services Broadcasting & entertainment Riyadh 2006 Reviews
Rezayat Conglomerates - Khobar 1949 Industrials, financials, technology, oil & gas
Riyad Bank Financials Banks Riyadh 1957 Bank
SABIC Basic materials Specialty chemicals Riyadh 1976 Chemicals and metals
SACO Hardware Consumer services Home improvement retailers Riyadh 1985 Hardware retailing and wholesaling
Samba Financial Group Financials Banks Riyadh 1980 Bank
Saudi Aramco Oil and gas Exploration & production Dhahran 1933 State oil & gas
Dussur Financials Investment services Riyadh 2014 Investment/Industrial development
Saudi Binladin Group Industrials Heavy construction Jeddah 1931 Construction conglomerate
Saudi Electricity Company Utilities Electricity Riyadh 2000 Electric generation and distribution
Saudi Oger Industrials Heavy construction Riyadh 1978 Construction, defunct 2017
Saudi Arabia Railways Railroad Riyadh 2006
Saudi Railways Organization Railroad 1966
Saudi Readymix Concrete Company Industrials Building materials & fixtures Khobar 1978 Concrete
Saudi Telecom Company Telecommunications Fixed line telecommunications Riyadh 1998 Telecom, ISP
Saudia Consumer services Airlines Jeddah 1945 Also known as Saudi Arabian Airlines
Saudia Dairy and Foodstuff Co. Agriculture Dairy Jeddah 1976 Has two factories in Jeddah and one in Dammam
Savola Group Consumer goods Food products Jeddah 1979 Food manufacturing, grocery and restaurants
Siemens Saudi Arabia Industrials Business support services Riyadh 1999 Industrial support, engineering
The Saudi British Bank Financials Banks Riyadh 1978 Bank, associated with HSBC (UK)
Tasali Snack Foods Consumer goods Food products
Xenel Conglomerates - Jeddah 1973 Energy, industrials, financials
Zamil Steel Holding Industrials Building materials & fixtures Dammam 1977 Steel and construction materials


See also

References

  1. ^ "An expansionary budget with focus on diversification". Saudi Gazette. 2017-12-20. Retrieved 2018-01-07.
  2. ^ Karen Gilchrist (2017-09-07). "Saudi Arabia is reportedly revising its ambitious plans to change its economy". Cnbc.com. Retrieved 2018-01-07.
  3. ^ "oil prices: Saudi to slash oil dependence to less than half of budget - The Economic Times". Economictimes.indiatimes.com. 2017-12-20. Retrieved 2018-01-07.
  4. ^ DeCarlo, Scott (20 July 2017). "The Fortune 2017 Global 500". Fortune.
  5. ^ "A. H. Algosaibi & Bros. Co.: Private Company Information". Bloomberg. Retrieved 2017-12-17.
  6. ^ "Alireza Group: Private Company Information". Bloomberg. Retrieved 2017-12-17.
  7. ^ "Integrated Telecom Company: Private Company Information". Bloomberg. Retrieved 2017-12-17.
  8. ^ "Kudu Co.: Private Company Information". Bloomberg. Retrieved 2017-12-17.
  9. ^ "The Olayan Group: Private Company Information". Bloomberg. 2017-03-17. Retrieved 2017-12-17.
  10. ^ "Who We Are". Omrania. Retrieved 2017-12-17.
Categories