To give some global trade perspective on recent Saudi company performance, the overall value of Saudi exported goods fell by -13.9% from US$341.9 billion in 2014 to $294.5 billion during 2018. Year over year, Saudi Arabia’s exports appreciated by 33.8% from 2017 to 2018.
In the analysis below, we compare Saudi Arabia’s major exports-oriented companies based on asset values, sales and profitability as of December 2018. Also presented is the Saudi city where each business has its headquarters.
Saudi Arabia’s Top 10 Major Export Companies
- Assets
- Sales
- Profit
- Headquarters
Assets
Below are Saudi Arabia’s biggest exports-related companies organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of December 2018 compared to 2017.
- National Commercial Bank (regional bank): US$116.7 billion, down -0.8% from 2017
- Al Rajhi Bank (regional bank): $93.1 billion, up 2.8%
- Saudi Basic Industries (diversified chemicals): $90.5 billion, up 7.2%
- Samba Financial Group (regional bank): $61 billion, down -1.1%
- Riyad Bank (regional bank): $57.7 billion, down -0.5%
- Saudi British Bank (regional bank): $48.7 billion, down -1.8%
- Saudi Telecom (telecommunications services): $30.7 billion, up 13.4%
- Saudi Arabian Mining (diversified metals, mining): $25.3 billion, down -2.2%
- Petro Rabigh (diversified chemicals): $16.4 billion, up 5.9%
- Almarai (food processing): $8.5 billion, up 9.8%
Five of these large Saudi businesses expanded their asset values from 2017 to December 2018, led by Saudi Telecom’s 13.4% gain.
Asset deteriorations ranged from a -0.5% dip for Riyad Bank up to a -2.2% reduction for Saudi Arabian Mining.
Sales
Profit
Headquarters
Note: Some of the above company offerings may include products beyond the principal category shown within parenthesis under the Assets tab.
For example, Saudi Basic Industries not only manufactures chemicals including petrochemicals, but also makes and sells plastics, agri-nutrients, metals, resins, specialty film and sheet. The firm also produces polymershapes, glazing solutions and specialty additives and intermediates.
See also Saudi Arabia’s Top 10 Exports, Saudi Arabia’s Top 10 Imports and Crude Oil Exports by Country
Research Sources:
Data.World Forbes Global 2000 2016 , Spreadsheet for 2016 Global 2000 rankings. Accessed on October 16, 2019
Forbes Global 2000 individual company profiles, Example of top Saudi company compiled for this study: Saudi Basic Industries. Accessed on October 16, 2019
Forbes Global 2000 rankings for Saudi Arabia, The World’s Biggest Public Companies. Accessed on October 16, 2019
Global Research Investment Update Samba Financial Group (SAMBA). Accessed on October 16, 2019
Independent Auditors’ Report, Consolidated Financial Statements of Riyad Bank. Accessed on October 16, 2019
International Trade Centre, Trade Map. Accessed on October 16, 2019
The National Commercial Bank, Annual Report 2016. Accessed on October 16, 2019
The Saudi British Bank, Consolidated Financial Statements for the year ending December 2015. Accessed on October 16, 2019
Wikipedia, Al-Rajhi Bank. Accessed on October 16, 2019
Wikipedia, Category: Companies of Saudi Arabia. Accessed on October 16, 2019
Wikipedia, List of companies of Saudi Arabia. Accessed on October 16, 2019