Best top 10 companies in Saudi Arabia in 2018

Saudi Arabia’s Tadawul, which had a good first half registering double digit gains consequently pared down its gains as the news of much awaited Saudi Aramco IPO was put on hold.

The recuperation of oil value, which has now dramatically increased since its low in 2016, and effective issuance of securities to raise capital from universal markets has empowered Saudi Arabia to all the more likely deal with its funds. 

For the greater part of this current year, Saudi Arabia has been a most loved among financial specialists, to a great extent in view of Saudi Arabia's incorporation into the MSCI developing markets file. 

Debt market

Since the diminishing in oil incomes, following the steep value dive in mid-2014, Saudi Arabia has been one of the greatest security guarantors in developing markets, starting with its offer of dollar securities in 2016. It brought $21.5bn up in 2017 and $17.5bn in 2016, and plans to acquire what might be compared to $31bn this year to connect the normal spending shortfall of $52bn and to subsidize development designs after its economy shrank a year ago. 

Moreover, Saudi Arabia has brought $2bn up in new Sukuk, or Islamic securities, finishing its outside subsidizing necessities for 2018.

TOP 10 SAUDI ARABIAN COMPANIES BY MARKET CAP

(By market capitalisation as of September 11, 2018. Source: Reuters Eikon, Markaz Research)

 1. Saudi Basic Industries Corporation (SABIC)

Market capitalisation: $95.18bn

Sector: Chemicals

Change in ranking: 0

2. Saudi Telecom Company (STC)

Market capitalisation: $44.15bn

Sector: Telecommunication

Change in ranking: 1

3. Al Rajhi Banking & Investment Corporation

Market capitalisation: $36.18bn

Sector: Banking and Financial Services

Change in ranking: 0

4. National Commercial Bank

Market capitalisation: $32.79bn

Sector: Banking and Financial services

Change in ranking: 0

5. Saudi Electricity Company

Market capitalisation: $18.89bn

Sector: Utilities

Change in ranking: 0

6. Saudi Arabian Mining Co (Maaden)

Market capitalisation: $15.73bn

Sector: Chemicals

Change in ranking: 2

7. Samba Financial Group

Market capitalisation: $15.49bn

Sector: Banking and Financial Services

Change in ranking: 5

8. Almarai Co

Market capitalisation: $14.05bn

Sector: Food and Beverages

Change in ranking: 0

9. Saudi British Bank

Market capitalisation: $12.94bn

Sector: Banking and Financial Services

Change in ranking: 5

10. Riyad Bank

Market capitalisation: $12.48bn

Sector: Banking and Financial Services

Change in ranking: 6