Top 10 Biggest Companies in Saudi Arabia

Trang Gala 142 0 Error

Saudi Arabia is a country with a thriving economy associated with many of the world's leading companies and corporations. Below are the 10 biggest companies in ... read more...

  1. Top 1

    Saudi Aramco

    Saudi Aramco, or Aramco for short, is the national oil and natural gas company of Saudi Arabia, headquartered in the city of Dhahran. As of 2021, it is the second most valuable company in the world after Apple with Saudi Aramco's market value estimated at $2 trillion. Saudi Aramco is also one of the largest companies by revenue in the world. With more than 260 billion barrels of known crude oil reserves, it also boasts the second-largest daily oil output in the world.


    In spite of being headquartered in Dhahran, Saudi Aramco has activities all over the world, including distribution, marketing, petrochemical production, refining, and exploration. All of these activities of the company are operated under the direct supervision of the Ministry of Oil and Mineral Resources together with the Supreme Council for Oil and Minerals.


    Saudi Aramco also charters several tankers to transport crude oil and refined gas to different countries around the world. They created a subsidiary, Vela International Marine, to manage the transportation of this fuel to Europe, North America, and Asia. Up to now, Saudi Aramco is one of the major shareholders of the King Salman Global Marine Industry Complex which is expected to become the world's largest shipyard upon completion.


    Founded: 1933

    Headquarters: Dhahran, Saudi Arabia

    Website: https://www.aramco.com/

    Screenshot of https://www.aramco.com/
    Screenshot of https://www.aramco.com/
    CNBC International

  2. Top 2

    Al Rajhi Bank

    Al Rajhi Bank, formerly known as Al Rajhi Bank and Investment Group, is a bank located in Saudi Arabia and the largest Islamic bank in the world in terms of capital according to data from 2015. With about SR 330.5 billion in AUM ($88 billion) and more than 600 branches, the bank is one of the largest holding businesses in Saudi Arabia and a significant investor in the country's economy.


    The company's headquarters is located in Riyadh with six regional offices. In addition to having locations in Kuwait and Jordan, Al Rajhi Bank also has subsidiaries in Malaysia and Syria. Al Rajhi Bank provides a comprehensive range of financial services, including credit cards, consumer loans, investment advice, stock trading, remittances, and deposits. All services are offered in accordance with Islamic standards.


    Al Rajhi joined the government's initiative to promote house ownership by providing mortgages with real estate as collateral in September 2016, making it the first bank in Saudi Arabia to do with a limited budget. With intentions to shift its focus toward small and medium-sized firms (SMEs), the bank has started to diversify its revenue sources as the Saudi Arabian government conducts a wider social reform program and the National Transformation Program (NTP). According to statistics as of 2016, 70% of Al Rajhi's assets and around 60% of its revenue are generated from consumer banking, which accounts for 18% of the mortgage market share in the UK.


    Founded: 1957
    Headquarters: Riyadh, Saudi Arabia

    Website: https://www.alrajhibank.com.sa/en

    Screenshot of https://www.alrajhibank.com.sa/en
    Screenshot of https://www.alrajhibank.com.sa/en
    Al Rajhi Bank
  3. Top 3

    SABIC

    SABIC is the abbreviation for Saudi Basic Industries Corporation, a Saudi Arabian manufacturer of chemicals. It works in metals, petrochemicals, chemicals, industrial polymers, and fertilizers. It is considered the second-largest public company in the Middle East and Saudi Arabia listed in Tadawul.


    SABIC was formed in 1976 by royal decree in order to transform petroleum by-products into valuable chemicals, polymers, and fertilizers. Small fishing communities like Jubail on the Persian Gulf and Yanbu on the Red Sea were turned into the contemporary industrial metropolis by the advent of SABIC. SABIC has 60 production and dispensing facilities spread over more than 40 nations, and it employs more than 40,000 people worldwide.


    In October 2015, SABIC completed a corporate restructure that resulted in the incorporation of industrial chemicals manufactured by the Innovative Plastics SBU into the Chemical and Polymer SBUs. The Creative Plastics SBU was also replaced by the Dedicated SBU on January 1, 2016, which would handle the remaining non-commodity Creative Plastics items.


    SABIC was rated fourth among chemical firms globally by Fortune Global 500 in 2017. SABIC ranked 281st in terms of global corporate size as of the end of 2018 with revenues of USD 50.4 billion, profits of USD 6.7 billion, and assets of USD 90.4 billion. Additionally, Brand Finance has acknowledged it as the second-most valuable brand in the chemical sector globally in 2021.


    Founded: 1976
    Headquarters: Riyadh, Saudi Arabia

    Website: https://www.sabic.com/en

    Screenshot of https://www.sabic.com/e
    Screenshot of https://www.sabic.com/e
    SABIC
  4. Top 4

    The Saudi National Bank

    The National Bank of Saudi Arabia “SNB Group” has its main office in Riyadh, the country's capital. It was founded as National Commercial Bank (NCB) in December 1953. The completion of one of the greatest mergers in the area between National Commercial Bank and Samba Financial Group in 2021 has allowed SNB to establish itself as a regional banking leader. Currently, SNB operates subsidiaries and affiliates in 8 different nations.


    The National Bank of Saudi Arabia is owned by the Government of Saudi Arabia represented by the General Organization of Social Insurance (GOSI) and the Public Investment Fund. As the largest financial group and one of the most powerful nations in the region, the SNB plays a significant role in assisting economic change in Saudi Arabia by reforming the local banking industry and putting Saudi Arabia's Vision 2030 into practice.


    As the biggest institutional and specialist financier in the UK, SNB uses its position to promote significant projects and historic agreements for the Kingdom in a manner that is closely aligned with Saudi Vision programs. The Bank's capabilities throughout the area and locally are strengthened by SNB's solid balance sheet, adaptable business strategy, and sound liquidity position. Additionally, it makes trade and finance transfers between the UK and national and international markets easier.


    Founded: 26th December 1953
    Headquarters: Riyadh, Saudi Arabia

    Website: https://alahli.com/en-us/Pages/RB-SNB-Home-New.aspx

    Screenshot of https://alahli.com/en-us/Pages/RB-SNB-Home-New.aspx
    Screenshot of https://alahli.com/en-us/Pages/RB-SNB-Home-New.aspx
    The Saudi National Bank
  5. Top 5

    Saudi Telecom Company

    Saudi Telecom is one of the largest digital telecommunications service providers in Saudi Arabia. According to a royal decree issued on April 21, 1998, STC was established as a Saudi Arabian joint stock company and belongs entirely to the Saudi Arabian government.


    STC is a digital pioneer. They always prioritize innovation and expansion, planning for the future in order to get there and maintain their position as a really significant and worthwhile business. The company's business is to offer a wide range of digital services and information technology solutions across a number of industries, including telecommunications, information technology, financial technology, digital media, security, networks, and other cutting-edge digital solutions. With these solutions, they are driving national and regional digital transformation.


    The company's mission is to improve the quality of people's personal and professional life. With STC, customers will always be empowered to stay focused on work through agile and collaborative working, as well as an open-minded attitude. In addition, STC is committed to promoting sustainability through future transformation activities through digital solutions and impactful megaprojects. There, customers join a people-centered environment that cares about maximizing their well-being and is committed to tapping into their potential.


    Founded: 21 April 1998
    Headquarters: Riyadh, Saudi Arabia

    Website: https://www.stc.com.sa/content/stc/sa/ar/personal/home.html

    Screenshot of https://www.stc.com.sa/content/stc/sa/ar/personal/home.html
    Screenshot of https://www.stc.com.sa/content/stc/sa/ar/personal/home.html
    Saudi Telecom Company
  6. Top 6

    Maaden

    MA'ADEN is one of Saudi Arabia's state-owned mining firms, which is based in Riyadh. It is the biggest mining corporation in Saudi Arabia, with a high-impact megaproject under digital pressure. Customers there enter a people-focused environment that is dedicated to boosting well-being and realizing their full potential.


    On March 23, 1997, it was established as a Saudi holding company with the intention of promoting the development of Saudi Arabia's natural resources. 50% of the shares are still owned by the Saudi government, while the other 50% are traded on the Tadawul Stock Exchange.


    The company's main objective is to expand its gold mining activities in the Kingdom. The complex in Ras Al-Khair houses a diammonium phosphate plant, an alumina smelting, rolling, and smelting facility connected to the Alco joint venture and a rail connection to the Waad Al-Shamal phosphate mine.


    Ma'aden and the enormous American aluminum business Alcoa inked a contract on December 20, 2009, to construct a $10.8 billion aluminum complex. According to the deal, the two businesses will construct an aluminum smelter near Ras Al-Zour that can produce 1.8 million tonnes of aluminum annually and one that can produce 750,000 tonnes. The smelter is anticipated to begin operations in 2013 while the refinery is anticipated to open in 2014.


    Founded: 1997
    Headquarters: Riyadh, Saudi Arabia

    Website: https://www.maaden.com.sa/

    Screenshot of https://www.maaden.com.sa/
    Screenshot of https://www.maaden.com.sa/
    MA'ADEN
  7. Top 7

    Saudi Electricity

    Electric Company is Saudi Arabia's electric power provider. Through 45 domestic power-producing facilities, it has an almost monopoly on energy generation, transmission, and distribution in Saudi Arabia. With a total annual sales of $17.1 billion, the SEC was listed by Forbes as the 5th largest firm in the UK and the 578th largest company globally in 2019.


    By order of the Council of Ministers, the Saudi Electricity Company was formed in 2000 by combining the Central, East, West, and South regional power companies into a single joint stock company. To promote competition in the domestic utility sector, the Electricity and Cogeneration Regulatory Authority (ECRA) stated in 2009 that it intended to divide the corporation into four power generation companies and independent transmission and distribution companies. As a result, National Grid SA, a transmission corporation, was founded in 2012 to manage the national grid.


    In order to fulfill demand, the SEC intends to increase generation capacity from 60 GW to 91 GW in 2020 and more than quadruple the current capacity over the long term. The SEC, Taqnia Energy, and King Abdulaziz City of Science and Technology (KACST) came to an agreement in 2015 to collaborate on the construction and management of the nation's first independent solar power plant.


    Founded: 3rd May 2000
    Headquarters: Al Aridh, Riyadh, Saudi Arabia

    Website: https://www.se.com.sa/en-us/pages/home.aspx

    Screenshot of https://www.se.com.sa/en-us/pages/home.aspx
    Screenshot of https://www.se.com.sa/en-us/pages/home.aspx
    السعودية للكهرباء - SEC
  8. Top 8

    Riyad Bank

    Established in 1957 with a capital commitment of SAR 30 billion, Riyad Bank is one of the biggest financial organizations in the Middle East and the Kingdom of Saudi Arabia. Like other commercial banks of Saudi Arabia, it is operated under the supervision of the Central Bank of Saudi Arabia. Riyad Bank is proud of being one of the Saudi Arabian institutions with the highest employment rate in the country at 94%, with more than 5,900 workers.


    In order to satisfy the demands of both retail and corporate clients, including SMEs, Riyad Bank provides a wide range of goods and services that are entirely consistent with Islamic law. It plays a leading role in Saudi Arabia's finance and investment industries. Because of this, Riyad Bank stands out as the principal lender and loan arranger for the Kingdom's most important infrastructure projects, including those involving oil and petrochemicals.


    Riyad Bank also provides outstanding and cutting-edge financial solutions through its network of 308 branches and more than 53,580 places of sale, in addition to more than 2,542 ATMs that are correctly dispersed in chosen and important areas. Additionally, because some of their clients outside the UK require worldwide expansion, a branch in London as well as offices in Houston (USA) and Singapore meet those clients' requirements for international banking.


    Founded: 1957
    Headquarters: Riyadh, Saudi Arabia

    Website: https://www.riyadbank.com/en/personal-banking

    Screenshot of https://www.riyadbank.com/en/personal-banking
    Screenshot of https://www.riyadbank.com/en/personal-banking
    Riyad Bank
  9. Saudi Awwal British Bank (SABB) is a Saudi Arabian holding company with its head office in Riyadh. As the first financial organization in the Kingdom, SABB is governed and overseen by the Saudi Central Bank.


    The bank has its roots in the British Middle East Bank which was acquired by HSBC in 1959. In response to foreign ownership restrictions on banks in Saudi Arabia, SABB was established in 1978 to manage HSBC's branches and assets in the country.


    SABB provides a number of market-leading financial and investment products and collaborates strategically with HSBC Group, one of the biggest banking and financial services companies in the world. A strategic partnership with HSBC Group gives clients access to the Group's global network, resources, skills, knowledge, and expertise, as well as market-leading customer services.


    One of the top five banks in Saudi Arabia by deposits, SABB has more than 80 locations around Saudi Arabia and one in London, United Kingdom. SABB offers services in Islamic banking, private banking, commercial banking, and investment banking. The bank has been an active partner in supporting economic growth and social development in the Kingdom. Additionally, it offers cutting-edge financial solutions and actively promotes the growth of the financial industry.


    In May 2018, SABB announced its desire to buy Alawwal Bank in the first merger of the Arab banking sector in 20 years, after recent modifications to the Vision 2030 economic reforms.


    Founded: January 21, 1978
    Headquarters: Riyadh, Saudi Arabia

    Website: https://www.sab.com/en/

    Screenshot of https://www.sab.com/en/
    Screenshot of https://www.sab.com/en/
    Mastercard PGS
  10. Top 10

    Alinma Bank

    Alinma Bank is one of the largest joint stock companies in Saudi Arabia established by Royal Decree on 28 March 2006. Alinma's headquarters is built at Al-Anoud Tower located on King Fahad Highway in the Saudi capital Riyadh. The bank was initially established with a share capital of about SAR 20 billion which included 1.5 billion shares with a nominal value of approximately SAR 10.


    Among the original owners of Alinma Bank are the Saudi Public Investment Fund (PIF), the Saudi Public Pensions Authority (PPA), and the Saudi Arabia Social Insurance Organization (GOSI). Each of them has an equal number of shares, making up a total of 30% of the bank's share capital. The remaining 70% of the bank's shares were made available to the public in April 2008.


    With a staff of more than 2,658 employees, Alinma Bank specializes in providing a comprehensive variety of Shariah-compliant corporate, retail, banking, and investment services. In addition to a network of branches and ATMs spread around the country, the bank also provides client service through Alinma Internet, Alinma Phone, Alinma Mobile, and the Alinma Smart App.


    Alinma Bank joined forces with Saudi Arabia as it developed its Vision 2030 in 2016. The bank implemented a system that would allow business and government partners to quickly connect with the bank and test APIs in order to improve the speed and efficiency of its onboarding process. Additionally, Alinma Bank is also looking to modernize its built-in apps as part of a larger move to make apps across the company.


    Founded: 2006
    Headquarters: Riyadh, Saudi Arabia

    Website: https://www.alinma.com/wps/portal/alinmaNew

    Screenshot of https://www.alinma.com/
    Screenshot of https://www.alinma.com/
    alinmabanksa



Toplist Joint Stock Company
Address: 3rd floor, Viet Tower Building, No. 01 Thai Ha Street, Trung Liet Ward, Dong Da District, Hanoi City, Vietnam
Phone: +84369132468 - Tax code: 0108747679
Social network license number 370/GP-BTTTT issued by the Ministry of Information and Communications on September 9, 2019
Privacy Policy