INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Banks rule GCC in market capitalization

  • Al Rajhi Bank's market capitalization stands at $80.65 billion
  • In energy sector, Saudi Aramco is much ahead of others with $1.86 trillion

Banking firms in the Arabian Gulf countries dominate the list of top companies in terms of market capitalization, which is the number of shares multiplied by the value of a share on a particular trading day.

Saudi Arabia, which is home to nearly 30 percent of the GCC’s total banking assets and the largest in terms of market capitalization, is leading from the front.

Al Rajhi Bank and National Commercial Bank have the market capitalization worth $80.65 billion and $70.72 billion respectively.

The market capitalization of the UAE’s First Abu Dhabi Bank stands at $54.4 billion, according to the data available at GCC stock markets as of September 23, 2021.

Qatar’s QNB reported its market capitalization at $48 billion, while Qatar Islamic Bank was worth $11.6 billion.

In the energy sector, Saudi Aramco was much ahead of others with $1.862 trillion, according to the September 23 GCC stock market data.