UAE Has 25 Companies in Forbes Middle East Top 100 Companies 2022

Forbes Middle East has released its annual ranking of the Top 100 Listed Companies for 2022.

The list was based on data gathered from listed stock exchanges in the Arab world and evaluated companies based on sales, profits, assets, and market value

There are 33 listed companies in Saudi Arabia, making it number one, while the U.A.E.-based firms rank second with 25 entries, followed by Qatar with 16. Combined, these three Gulf nations make up nearly 75% of the ranking.

Top 100 Companies 2022: Country Breakdown

Saudi Arabia 33, U.A.E. 25, Kuwait 8, Bahrain 5, Morocco 5, Egypt 3, Jordan 3, Oman 2

Top 100 listed companies pocketed $201.7 billion in total net income during 2021, marking a surge of over 121% compared to the $91 billion in total net income from 2020.

Overall, the market value of the 100 companies totaled $4 trillion, up from $3 trillion a year ago. The total value of assets spiked to $4.2 trillion, while sales climbed 44% to $794 billion.

You can find the 100 listed articles in this link.