Value of the 100 largest companies in the Middle East jump 29% to 912 billion dollars

Value of the 100 largest companies in the Middle East jump 29% to 912 billion dollars 



3 they saw, Date Published: 15:52, 31/05/2014
 
(Independent) ... increased value of the combined companies to list Mead of the 100 largest listed companies in the Middle East and North Africa in terms of the market value of up to 912 billion dollars, compared with 704.1 billion dollars last year, or about 29%, while jumped only 5% for the year 2008, a Year of the financial crisis, when recorded 863 billion dollars.
The Qatar National Bank QNB in ​​first place in terms of market capitalization, ahead of Saudi Arabia's Al Rajhi Bank, which came in fifth place of the list in terms of market value, becoming the National Bank of the country's largest listed bank in the Middle East and North Africa.
A report published by MEED reported that the banking sector is still dominated by a list of the top 100 companies, followed by the petrochemical sector. According to the report, filed Saudi Telecom Company to third place again after the profit achieved during the past year and the high market value to 33.2 billion dollars from 21.3 billion dollars last year.
The majority of the rise in value recently and especially after each upgrade of UAE and Qatar to emerging markets, where the rate rose IPOs to levels not seen since 2007.
He added that the majority of stock markets around the world rose to new highs during the current year, and continued economies of the GCC countries recovering from the global recession since 2009, which prevailed in most sectors of the region to record an annual growth rate of 9.5%.
As the profits of collective enterprises GCC witnessed the highest growth rate in four years, solving sectors of petrochemicals and banks as the largest sectors in the list of Mead's largest 100 companies in 2014, which achieved sector companies, the highest contributions to the jump profits and can continue to do so in the next year
This, and represent companies list 13 Stock Exchange, while dominated Gulf's largest market them, and companies are Saudi Arabia's largest shareholder list Mead with a share of the existing 44.7%, followed by Qatar with 15.3%, then Abu Dhabi by 10.5% and Iran with 7.4%, followed by Kuwait 7% of the total value of the combined amount of 912 billion dollars.
While the banking sector remained one of the largest sectors dominating the list with a total of 45 companies on the list a total value of 384 billion dollars to account for about 42% of the total market value, followed by the petrochemical sector. (End)
And the companies that came out of the list, came Potash Company and Jordan Ahli Bank of Kuwait and Oman Telecommunications Company and the Kuwaiti buildings and three companies producing cement and Orascom Construction.


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