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List Of Largest Companies Of Saudi Arabia
This article lists the largest companies of Saudi Arabia in terms of their revenue, net profit and total assets, according to the American business magazines ''Fortune'' and ''Forbes''. 2019 ''Fortune'' list This list displays all 2 Saudi companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2018. Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company. 2020 ''Forbes'' list This list is based on the Forbes Global 2000, which ranks the world's 2,000 largest publicly traded companies. The ''Forbes'' list takes into account a multitude of factors, including the revenue, net profit, total assets and market value of each company; each factor is given a weighted rank in terms of importance when considering the overall ranking. The table below also lists the headquarters location and industry se ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Company
A company, abbreviated as co., is a Legal personality, legal entity representing an association of people, whether Natural person, natural, Legal person, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * List of legal entity types by country, business entities, whose aim is generating profit * financial entities and banks * programs or Educational institution, educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared Incorporation (business), incorporation, or published policy. When a company closes, it may need to be Liquidation, liquidated to avoid further legal obligations. Companies may associate and collectively register themselves ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states, and therefore have associations and formal designations which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation (though a corporation need not be a public company), in the United Kingdom it is usually a public limited company (plc), i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Arab National Bank
The anb is a major bank based in Riyadh, Saudi Arabia and listed on the Saudi Stock Exchange. It is among the top ten largest banks in the Middle East and has received an 'A' rank from Standard and Poor's. It has 156 branches in Saudi Arabia. Its largest shareholder is Arab Bank, holding 40% of the fund. History anb established a branch in Jeddah in 1949. One of the founders is Prince Khalid, son of Prince Turki bin Abdulaziz. Early on, both the Governments of Saudi Arabia and Kuwait took on small stakes in anb of about 10 per cent each. Despite this and despite being pan-Arab in its orientation, anb was unable to escape the policy limiting foreign ownership. In 1980, it transferred its six branches to the newly created anb. Arab National had a service agreement with anb that expired in 1988 and was not renewed. anb owns 40 per cent of the bank and some 5000 Saudi shareholders own 60 per cent. In 2002, the Governments of Saudi Arabia and Kuwait own about eight per cent of anb betwee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banque Saudi Fransi
Banque Saudi Fransi (BSF) (Arabic: البنك السعودي الفرنسي) is a Saudi Joint Stock company which was established in 1977. The bank is affiliated with Crédit Agricole Corporate and Investment Bank. Credit Agricole CIB is a fully-fledged member of the Crédit Agricole Group, the second largest bank in France, and seventh amongst banks of the Eurozone by total equity. As of 2019, Banque Saudi Fransi had total assets of 178 billion SAR. BSF has a banking network of about 120 branches across the Saudi Kingdom and employs over 3,000 staff. The bank's head office is located in Riyadh and the company has three regional offices in Jeddah, Al-Riyadh and Al-Khobar History Banque Saudi Fransi was established in accordance with the Royal Decree No. m. 32 dd 17 Jumada II 1397H 4 June 1977. Following the transfer of Banque de l'Indochine et de Suez operations in Saudi Arabia, Banque Saudi Fransi officially commenced its operations on 5 September 1989 under CR No. 1010073368 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi British Bank
The Saudi British Bank (SABB) ( ar, البنك السعودي البريطاني (ساب)) is a Riyadh-based Saudi joint stock company in which British banking firm HSBC Holdings PLC owns a minority stake. The bank traces its origins to the British Bank of the Middle East which was acquired by HSBC in 1959. In response to restrictions on foreign ownership of banks in Saudi Arabia, SABB was created in 1978 to manage HSBC branches and assets in the country. SABB is one of the five largest Saudi banks by deposits and has over eighty branches across Saudi Arabia and one branch in London, England. In May 2018, prompted by recent changes to Vision 2030 economic reforms, SABB announced its intention to acquire Alawwal Bank in the Saudi banking sector's first merger in twenty years. History British Bank of Iran and the Middle East (1950) The British Bank of Iran and the Middle East, which became British Bank of the Middle East (BBME), opened branches in Jeddah and Al Khobar in 195 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Finance
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability asse ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Samba Financial Group
Samba Financial Group SJSC, formerly known as The Saudi American Bank, was a Saudi multinational banking firm based in Saudi Arabia. The combined institution had 66 branches in the Kingdom. Samba merged with NCB to form Saudi National Bank on 1 April 2021. History Samba, or The Saudi American Bank as it was once known, was established on 12 February 1980 with the takeover of Citibank branches in Jeddah and Riyadh in accordance with a Saudi requirement that forced all foreign banks to be at least 60% owned by Saudi nationals. Citigroup entered a Technical Management Agreement under which it agreed to manage the new bank. The former Prime Minister of Pakistan, Shaukat Aziz, was the Managing Director of the bank in the 1990s. First National City Bank (Citibank) opened its Jeddah branch in 1955, and its Riyadh branch in 1966. Citibank created SAMBA, in which it took a 40% share, to take over its branches in Saudi Arabia, pursuant to a Royal Decree on February 12, 1980. In 1985 SA ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Riyad Bank
Riyad Bank is one of the largest financial institutions in Saudi Arabia, ranked fourth in assetsFour Charts That Show the Impact of Saudi Arabia's New Mega Bank ''Bloomberg'' It was established in 1957. The Saudi government owns 51% of the shares of the firm. As other Saudi commercial banks, Riyad Bank is supervised by the . In March 2018, Riyad Bank launched contactless payment wristbands, using the Gemalto digital security solution. In December 2018, Riyad bank went into preliminary discussions with [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Utilities
A public utility company (usually just utility) is an organization that maintains the infrastructure for a public service (often also providing a service using that infrastructure). Public utilities are subject to forms of public control and regulation ranging from local community-based groups to statewide government monopolies. Public utilities are meant to supply goods/services that are considered essential; water, gas, electricity, telephone, and other communication systems represent much of the public utility market. The transmission lines used in the transportation of electricity, or natural gas pipelines, have natural monopoly characteristics. If the infrastructure already exists in a given area, minimal benefit is gained through competing. In other words, these industries are characterized by ''economies of scale'' in production. There are many different types of public utilities. Some, especially large companies, offer multiple products, such as electricity and natu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saudi Electricity Company
Saudi Electricity Company ( ar, الشركة السعودية للكهرباء; SEC) is the Saudi electric energy company. It enjoys a monopoly on the generation, transmission and distribution of electric power in Saudi Arabia through 45 power generation plants in the country. In 2019 SEC was ranked by Forbes as the 5th largest company in the Kingdom, and the 578 worldwide, with total annual sales of $17.1 billion . The company was formed in 2000 by Order of the Council of Ministers through a merger of existing regional electricity companies in the Central, Eastern, Western and Southern regions into a single joint stock company. In 2009, the Electricity and Co-generation Regulatory Authority (ECRA) announced its intention to split the company into four generation companies and separate transmission and distribution companies to encourage competition in the domestic utilities sector. A transmission company – National Grid SA – was established in 2012 to operate the national g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Al-Rajhi Bank
The Al Rajhi Bank ( ar, مصرف الراجحي) (previously known as Al Rajhi Banking and Investment Corporation) is a Saudi Arabian bank and the world's largest Islamic bank by capital based on 2015 data. The bank is a major investor in Saudi Arabia's business and is one of the largest joint stock companies in the Kingdom, with over SR 330.5 billion in AUM ($88 billion) and over 600 branches. Its head office is located in Riyadh, with six regional offices. Al Rajhi Bank also has branches in Kuwait and Jordan, and a subsidiary in Malaysia and Syria. History Al Rajhi Bank was founded in 1957, and is one of the largest banks in Saudi Arabia, with over 9,600 employees and $88 billion in assets. The bank is headquartered in Riyadh, and has over 600 branches, primarily in Saudi Arabia, but also in Kuwait, and Jordan, with a subsidiary in Malaysia. The bank was started by four brothers, Saleh, Sulaiman, Mohamed, and, Abdullah of the Al Rajhi family, one of the wealthiest fam ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
National Commercial Bank (Saudi Arabia)
Saudi National Bank (SNB), also known as SNB AlAhli ( ar, البنك الأهلي السعودي, formerly known as The National Commercial Bank (NCB), is the largest commercial bank in Saudi Arabia. In April 2021, National Commercial Bank merged with Samba Financial Group under the name of Saudi National Bank. SNB Group The Saudi National Bank “SNB Group” “Arabic: البنك الأهلي السعودي” is a Saudi bank headquartered in Riyadh, the capital city of Saudi Arabia. The bank was founded in December 1953 under the name of the National Commercial Bank “NCB”. In 2021, SNB has emerged as a banking champion after completing one of the largest mergers in the region between the National Commercial Bank and Samba Financial Group. Currently, SNB has subsidiaries and affiliates operating in 8 countries around the world. The Saudi National Bank is overwhelmingly owned by the Saudi Government represented by the Public Investment Fund and the General Organization ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
