Saudi state-owned oil giant Aramco ranked highest on Forbes top 100 Middle East companies for 2023. The list released on Tuesday, reinforced the Gulf status as the center of economic gravity for the region particularly its energy and financial sectors.
In its list, the US-based business news outlet used criteria sales figures, revenue and market value as main criteria. The companies on the list are from the Middle East and North Africa and are all listed on a stock exchange. The following is a breakdown of Forbes' top 10 companies in the region:
Aramco
Aramco again took the top spot, with Forbes noting its $604.4 billion revenue in 2022 and market value of $2.1 trillion.