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16 Qatari Firms Among Forbes Middle East Top 100 Companies 2022

  • Publish date: Wednesday، 03 August 2022
16 Qatari Firms Among Forbes Middle East Top 100 Companies 2022
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16 of the top 100 companies in the region, according to Forbes Middle East, are owned and based in Qatar. The article points out that despite general inflation, these businesses have increased their total net income and profits compared to the same period last year.

QNB Group (#3)

  • Sector: Banks & financial services
  • Group CEO: Abdulla Mubarak Al-Khalifa
  • Market Value: $59.1 billion
  • Sales: $14 billion
  • Profits: $3.6 billion
  • Assets: $300.3 billion

The biggest bank in the Middle East and Africa is QNB, which has operations in over 31 countries on three continents.

Industries Qatar (IQ) (#24)

  • Sector: Industrials
  • Managing Director and Chairman: Saad Sherida Al-Kaabi
  • Market Value: $33.6 billion
  • Sales: $3.9 billion
  • Profits: $2.2 billion
  • Assets: $11.6 billion

Qatar Steel Company, Qatar Fertilizer Company, 80 percent of Qatar Petrochemical Company, and 50% of Qatar Fuel Additives Company Limited are all owned by IQ Group.

Qatar Islamic Bank (QIB) (#25)

  • Sector: Banks & financial services
  • Group CEO: Bassel Gamal
  • Market Value: $16.4 billion
  • Sales: $2.3 billion
  • Profits: $976 million
  • Assets: $53.3 billion

There are 22 branches of QIB in Qatar and one in Sudan.

Commercial Bank (#31)

  • Country: Qatar
  • Sector: Banks & financial services
  • Group CEO: Joseph Abraham
  • Market Value: $8.3 billion
  • Sales: $2.1 billion
  • Profits: $633 million
  • Assets: $45.5 billion

Masraf Al Rayan (#33)

  • Sector: Banks & financial services
  • Group CEO: Fahad Al Khalifa
  • Market Value: $14.7 billion
  • Sales: $1.4 billion
  • Profits: $474 million
  • Assets: $47.8 billion

Ooredoo Group (#36)

  • Sector: Telecommunications
  • Group Managing Director and CEO: Aziz Aluthman Fakhroo
  • Market Value: $6.3 billion
  • Sales: $8.2 billion
  • Profits: $289 million
  • Assets: $21.3 billion

Nakilat (#65)

  • Sector: Logistics
  • CEO: Abdullah Al-Sulaiti
  • Market Value: $5.4 billion
  • Sales: $1.1 billion
  • Profits: $372 million
  • Assets: $8.9 billion

Qatar Fuel (WOQOD) (#67)

  • Sector: Retail
  • CEO and Managing Director: Saad Rashid Al-Muhannadi
  • Market Value: $5.1 billion
  • Sales: $5.4 billion
  • Profits: $275 million
  • Assets: $3.7 billion

Barwa Real Estate Group (#72)

  • Sector: Real estate & Construction
  • Group CEO: Abdullah Jobara AlRomaihi
  • Market Value: $3.7 billion
  • Sales: $949 million
  • Profits: $307 million
  • Assets: $10.3 billion

QIC Group (#73)

  • Sector: Insurance
  • Group CEO: Salem Khalaf Al Mannai
  • Market Value: $2.2 billion
  • Sales: $2.7 billion
  • Profits: $173 million
  • Assets: $12 billion

Qatar International Islamic Bank (QIIB) (#74)

  • Sector: Banks & financial services
  • CEO: Abdulbasit Ahmed A. Al Shaibei
  • Market Value: $5.1 billion
  • Sales: $700 million
  • Profits: $276 million
  • Assets: $17 billion

Doha Bank (#76)

  • Sector: Banks & financial services
  • Acting CEO: Gudni Stiholt Adalsteinsson
  • Market Value: $2.2 billion
  • Sales: $1.2 billion
  • Profits: $193 million
  • Assets: $27.8 billion

Doha Bank operates branches throughout Kuwait, the United Arab Emirates, and India and offers financial services to individuals, businesses, and institutions.

Mesaieed Petrochemical Holding Company (MPHC) (#80)

  • Sector: Petrochemicals
  • Chairman: Ahmad Saif Al-Sulaiti
  • Market Value: $9.6 billion
  • Sales: $516 million
  • Profits: $511 million
  • Assets: $4.8 billion

Qatar Electricity & Water Company (QEWC) (#81)

  • Sector: Utilities
  • General Manager and Managing Director: Mohamed Nasser Al-Hajiri
  • Market Value: $5.4 billion
  • Sales: $680 million
  • Profits: $409 million
  • Assets: $5.1 billion

Ahlibank (#87)

  • Sector: Banks & financial services
  • CEO: Hassan Ahmed AlEfrangi
  • Market Value: $2.8 billion
  • Sales: $548 million
  • Profits: $196 million
  • Assets: $13.2 billion

Qatar Navigation (Milaha) (#97)

  • Sector: Logistics
  • President and CEO: Abdulrahman Essa Al-Mannai
  • Market Value: $2.7 billion
  • Sales: $765 million
  • Profits: $200 million
  • Assets: $4.8 billion