Saudi Arabia and the UAE dominated the annual ranking with 37 and 20 companies, while Egypt saw 6 companies on the lineup
Six Egyptian companies made their way onto this year’s Forbes Middle East’s top 100 listed companies which feature “the biggest and the most valuable and profitable companies in the region”.
Noting that most of the companies are less valuable or profitable compared to 2020, Forbes’ list brings together the region's largest, most valuable, and most profitable companies based on stock exchange data, market value and other corporate data.
Saudi Arabia and the UAE dominated the annual ranking with 37 and 20 companies, while Egypt saw 6 companies on the lineup.
Topping the list of Egyptian companies was the Commercial International Bank (CIB) in the 24th spot, with Telecom Egypt as 64th and Talaat Moustafa Group Holding (TMG) at 78th.
Following them were Elsewedy Electric (81st), Orascom Construction PLC (88th), and Eastern Company (94th).
The banking and financial services sector topped the 2021 list with 42 companies, down from 46 in 2020, with five banks among the top 10 companies.
Meanwhile, the real estate and construction sector and industrials sector have jointly been placed in the second position with 10 entries each, followed by the telecommunications sector with 9 entries.
The combined market value of the 100 companies rose more than 30 percent to USD 3 trillion last year, despite a 39 percent fall in cumulative net income.
