ZAWYA-PRESSR: Forbes Middle East unveils the 2026 ranking of the Region’s 100 Most Valuable Companies
MAADEN 1211.SA | 65.40 | 0.00% |
SAUDI ARAMCO 2222.SA | 27.60 | +0.15% |
SNB 1180.SA | 42.46 | +0.28% |
- Total market cap across the 100 companies stands at $3.7 trillion.
- The UAE remains at the top with 35 companies, followed by Saudi Arabia with 34 firms
- Saudi Arabia leads in terms of market value, accounting for about 64% of the total.
- The energy sector dominates in terms of market value, driven primarily by Aramco.
Dubai: Forbes Middle East has released its ranking of the 100 Most Valuable Companies in the Middle East, highlighting the firms leaving their mark in the region’s capital markets and contributing to economic growth.
The total market capitalisation across the 12 stock exchanges in the MENA region stood at $4.3 trillion as of January 2026, with the top 100 listed companies accounting for $3.7 trillion – equivalent to about 86% of the region's total listed market value, indicating the level of concentration of wealth at the top. This ranking is based on market capitalisation data from 12 stock exchanges across 11 MENA countries as of January 31, 2026.
The UAE leads the ranking by company count, with 35 firms featured on the list, followed closely by Saudi Arabia with 34, Qatar with 11, Morocco with nine, and Kuwait with six.
In terms of scale, Saudi Arabia commands a dominant position. Saudi-listed firms account for $2.4 trillion of the combined market value of the top 100, representing about 64% of the total. A significant share of that weight is attributable to Saudi Aramco, which tops the ranking with a market capitalisation of $1.7 trillion. Aramco alone represents nearly 40% of the total market value of all listed companies across the region.
Banking and financial services remain the most represented sector, with 34 companies and a combined market value of $732.6 billion. However, despite comprising just nine companies, the energy sector commands $1.9 trillion in market capitalisation, underscoring the enduring centrality of oil and gas to the region's corporate landscape.
GCC countries collectively account for 88% of the companies featured in the ranking, reinforcing the Gulf's position as the dominant force in the region's corporate landscape. The top 10 is evenly split between the UAE and Saudi Arabia, further cementing their status as the region’s two corporate centres of gravity.
Top 10 Most Valuable Companies in The Middle East 2026
1 | Saudi Aramco
- Country: Saudi Arabia
- Sector: Energy
- Market value: $1.7 trillion
2 | International Holding Company (IHC)
- Country: UAE
- Sector: Investments
- Market value: $238.6 billion
3 | alrajhi bank
- Country: Saudi Arabia
- Sector: Banks & Financial Services
- Market value: $114.3 billion
4 | TAQA Group
- Country: UAE
- Sector: Energy
- Market value: $87.9 billion
5 | Saudi Arabian Mining Company (Maaden)
- Country: Saudi Arabia
- Sector: Industrials
- Market value: $80.2 billion
6 | ADNOC Gas
- Country: UAE
- Sector: Energy
- Market value: $75.4 billion
7 | Saudi National Bank (SNB)
- Country: Saudi Arabia
- Sector: Banks & Financial Services
- Market value: $71.8 billion
8 | stc group
- Country: Saudi Arabia
- Sector: Telecommunications
- Market value: $59.2 billion
9 | First Abu Dhabi Bank (FAB)
- Country: UAE
- Sector: Banks & Financial Services
- Market value: $56 billion
10 | Emirates NBD Group
- Country: UAE
- Sector: Banks & Financial Services
- Market value: $53.5 billion
Click here for the complete ranking of the 100 Most Valuable Companies in the Middle East 2026.
About Forbes Middle East
Forbes Middle East is a licensed edition of Forbes for the Arab world, championing inspiring business journalism and entrepreneurial capitalism. Its online and social platforms break news covering billionaires, business, investment, technology, economy, entrepreneurship, leadership, and luxury lifestyles. The monthly magazine, featuring in-depth interviews with the Middle East’s most influential and innovative leaders, is published in print in English and Arabic, with digital versions available to both regional and global audiences online. Forbes Middle East extends the Forbes brand of journalism across the Arab world, conducting its own comprehensive research to publish original lists that adhere to strict methodologies. Its content attracts business leaders, investors, active and potential entrepreneurs, and a wide audience of ambitious and influential executives.
Media contact: Basma Aly Sadek: basma@forbesmiddleeast.com
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.