Supporting investors integrate ESG factors in investment decisions
Supporting investors integrate ESG factors in investment decisions



As a signatory of the United Nations Principles for Responsible Investment (PRI), Sustainability Excellence's investment research arm - ESG Invest - has made the formal commitment to drive the responsible investment movement forward in the Arab world by providing a wide range of customised products and services that support investors, asset managers, asset owners, and stock exchanges to integrate Environmental, Social, and Governance (ESG) issues in their core strategies and make better informed investment decisions.


ESG Invest provides comprehensive ESG ratings research reports that quantify the ESG performance of companies in the Arab world. Our team of native Arabic speaking research analysts assess ESG data points across 9 Sustainability Dimensions and 43 ESG issues with more than 180 data points for companies in the Arab world, analysing the level of integration of ESG issues at the company’s core business activities and assessing the company’s exposure to tail risk events and opportunities for Alpha.



ESG Invest will support you in making informed investment decisions through ESG analysis that uncover hidden risks that may not be captured by mainstream financial analysis.


ESG Invest will support you in developing a unique ESG integration roadmap that helps you identify companies with net positive impact while systematically managing ESG risks across asset classes.


ESG Invest will support you in benchmarking your ESG performance against regional and international companies on material ESG factors that the reasonable investor cares about.

Comprehensive ESG Reports of Companies in the Arab World


ESG Quantitative and Qualitative Performance Indicators


ESG Criteria Derived from International Standards and National Visions


Years of Historical Data



A focus on material ESG factors and best practices from the most stringent international standards.

Regional Focus

A strong understanding of National Visions and Transformation Plans in the Middle East.


A diverse team of native Arabic speaking ESG Research analysts analyzing ESG information.


Regional collaborations with the GRI, stock exchanges, and leading financial institutions.

IT Infrastructure

A proprietary IT platform supporting ESG analysis and dialogue between investors and ESG analysts.

Quality Control

Standardized and quality controlled data, verified by a rigorous quality management process.


Featured News

Bahrain Bourse partners with Sustainability Excellence

Bahrain Bourse (BHB) signed a Memorandum of Understanding on January 16, 2020 with the advisory firm Sustainability Excellence which aims […]

abu dhabi

Abu Dhabi Securities Exchange (ADX) partners with Sustainability Excellence

Abu Dhabi Securities Exchange (ADX), the region’s leading financial market, signed a Memorandum of Understanding (MoU) with the management consulting firm […]

Boursa Kuwait partners with Sustainability Excellence

Earlier this year, Boursa Kuwait became a signatory of the Sustainable Stock Exchanges Initiative (SSE) demonstrating its commitment to encourage […]

Amman Stock Exchange partners with Sustainability Excellence

The Amman Stock Exchange (ASE) and Sustainability Excellence have signed a Memorandum of Understanding (MoU) to promote sustainability in the […]

Qatar Stock Exchange partners with Sustainability Excellence

The companies listed on the Qatar Stock Exchange (QSE) can digitally report their sustainability performance from December this year as […]

Sustainability Excellence delivers training to members of the Palestine Chapter of the Middle East Investor Relations Association

The training seminar was held in Ramallah on Tuesday, December 20, 2017.Members of the Palestine Investor relations chapter attended the […]

ESG Ranking

Latest ESG Rankings

Abu Dhabi Securities Exchange

1Abu Dhabi Commercial BankBanks
1First Abu Dhabi BankBanks
2Union National BankBanks
3Abu Dhabi National Energy CompanyEnergy
3RAK Ceramics PJSCConstruction Materials
4Dana Gas PJSCEnergy
5Emirates Telecommunication Group CompanyTelecommunication
6Abu Dhabi National Oil Company For DistributionRetail
7National Marine Dredging CompanyBusiness Support
8Abu Dhabi Islamic BankBanks
9Gulf Pharmaceutical IndustriesHealth Care
10AGTHIA GroupFood and Beverages
11Abu Dhabi Ship Building PJSCConstruction & Engineering
12Fujairah Cement IndustriesConstruction Materials
13National Bank of Fujairah PJSCBanks
14Emirates Driving CompanyEducation
14National Corporation For Tourism And HotelsHotels and Leisure
15Ras Al Khaimah Cement CompanyConstruction Materials
15Sharjah Cement and Industrial Development Co.Construction Materials
16OoredooTelecommunication Services
17Rak PropertiesReal Estate
18Abu Dhabi National HotelsHotels and Leisure
18Aldar Properties PJSCReal Estate
18Fujairah Building Industries P.S.C.Construction Materials
18International Holding Company PJSCFood and Beverages
19Abu Dhabi Aviation Co.Transportation and Logistics
19Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C.Construction Materials
20Abu Dhabi National Insurance CompanyInsurance
20Bank of SharjahBanks
21Al Dhafra Insurance CompanyInsurance
21AL Khaleej InvestmentIndustrial Conglomerates
21Emirates Insurance CompanyInsurance
22Abu Dhabi National Company for Building MaterialsConstruction Materials
22Arkan Building Materials Co.Construction Materials
22Gulf Medical Projects CompanyHealth Care
23Eshraq Properties Co.Real Estate
23Umm Al Qaiwain General Investments Co.Diversified Financial Services
24Methaq Takaful Insurance CompanyInsurance
24National Takaful Company PSC - WataniaInsurance
24Union Cement Co.Construction Materials
24Waha Capital PJSCDiversified Financial Services
25Al Khazna Insurance CompanyInsurance
25Ras Al Khaimah Poultry And Feeding Co.Food and Beverages
26Al Buhaira National Insurance CompanyInsurance
26RAK InsuranceInsurance
27AXA Green Crescent Insurance Company PJSCInsurance
27Insurance House P.S.CInsurance
27United Insurance CompanyInsurance
28FOODCO Holding P.J.S.CFood and Beverages
28National Bank Of Ras Al-KhaimahBanks
29Al Wathba National Insurance Company P.J.S.CInsurance
30Abu Dhabi National Takaful CompanyInsurance
31Al Ain Ahlia Insurance CompanyInsurance
32Al Fujairah National Insurance CompanyInsurance
33Sharjah Group CompanyReal Estate
33Sudatel Telecom Group CompanyTelecommunication Services
34Union Insurance CompanyInsurance
35Sharjah Insurance CompanyInsurance
36United Arab Bank (P.J.S.C.)Banks
37Commercial Bank InternationalBanks
38Oman & Emirates Investment Holding Co.Diversified Financial Services
39National Bank of Umm Al QaiwainBanks
40Finance HouseBanks
41Invest BankBanks
42Sharjah Islamic BankBanks

* Based on ESG Invest 2018 ratings

Dubai Financial Market

1Hikma PharmaceuticalsHealth Care
2ARAMEX PJSCTransportation and Logistics
3Emirates Integrated Telecommunications Company PJSCTelecommunication
4DP WorldTransportation and Logistics
5Arabtec Holding PJSCConstruction & Engineering
6Dubai Financial Market PJSCDiversified Financial Services
7Agility The Public Warehousing Company (K.S.C.)Transportation and Logistics
8Emirates NBD PJSCBanks
9Al Baraka Banking GroupBanks
10Orascom Construction LimitedConstruction & Engineering
11Union Properties PJSCReal Estate
12Ithmaar HoldingBanks
13National Central Cooling Co.Business Support Services
14Emaar Properties PJSCReal Estate
15Dubai Investments PJSCDiversified Financial Services
16DXB Entertainments (P.J.S.C.)Hotels and Leisure
17Depa LimitedBusiness Support Services
19SHUAA Capital PSCDiversified Financial Services
20Gulf Navigation Holding PJSCTransportation and Logistics
21United Foods Company (PSC)Food and Beverages
21Air Arabia PJSCTransportation and Logistics
22Al Salam Bank - BahrainBanks
23BLME Holdings plcBanks
24Emirates Refreshments CompanyFood and Beverages
24National International Holding CompanyDiversified Financial Services
25Dubai RefreshmentFood and Beverages
25Marka PJSCRetail
25Arabian Scandinavian Insurance Company - TakafulInsurance
25Dubai National Insurance & ReinsuranceInsurance
26Gulfa Mineral Water & Processing Industries Co. PLCFood and Beverages
26National Cement Company (P.S.C.)Construction Materials
26Dar Al TakafulInsurance
26Takaful Emarat (PSC)Insurance
26Deyaar Development PJSCReal Estate
27Alliance InsuranceInsurance
28Islamic Arab Insurance CompanyInsurance
29National General Insurance Company PSCInsurance
29Al Ramz Corporation Investment and Development PJSCDiversified Financial Services
30Dubai Islamic Insurance and Reinsurance Co.Insurance
30Al Mazaya Holding CompanyReal Estate
30Al Firdous Holdings PJSCHotels and Leisure
31Orient Insurance PJSCInsurance
31Orient UNB TakafulInsurance
32Unikai Foods P.J.S.C.Food and Beverages
32Gulf General Investments CompanyDiversified Financial Services
33Oman Insurance CompanyInsurance
33GFH Financial Group B.S.C.Banks
33Arab Insurance Group P.S.C.Insurance
33Emaar DevelopmentReal Estate
34Drake & Scull International P.J.S.CConstruction & Engineering
35Commercial Bank of Dubai P.S.C.Banks
35Al Sagr National Insurance CompanyInsurance
36Mashreqbank PScBanks
36National Industries Group Holding (S.A.K.)Industrial Conglomerates
36Dubai Insurance CompanyInsurance
37Khaleeji Commercial BankBanks
38Amlak Finance P.J.S.CBanks
38Amanat Holdings PJSCBusiness Support Services
39Dubai Islamic BankBanks
40Ajman Bank PJSCBanks
41Emirates Islamic Bank PJSCBanks
42NAEEM Holding For InvestmentsDiversified Financial Services
43Emirates Investment Bank PJSCBanks
44Al Salam Group HoldingDiversified Financial Services
44International Financial Advisors CompanyDiversified Financial Services
44Aan Digital Services Holding Co.Telecommunication Services
45Al-Madina For Finance and InvestmentDiversified Financial Services
45Ektettab Holding Company K.S.C.CDiversified Financial Services
46Al Salam Bank - SudanBanks

* Based on ESG Invest 2018 ratings

Qatar Stock Exchange

1Doha BankBanks
2Qatar Fuel Company (Woqod)Retail
3Vodafone Qatar Q.S.C.Telecommunication
4Qatar Gas Transport Company Ltd (Nakilat)Transportation and Logistics
5Qatar National BankBanks
7Aamal Company Q.S.C.Industrial Conglomerates
8Qatari Investors GroupIndustrial Conglomerates
9Al Khalij Commercial Bank - Al Khaliji (QSC)Banks
10Commercial BankBanks
10Gulf Warehousing CompanyTransportation and Logistics
11Gulf International ServicesEnergy
12Almeera Consumer Goods Company Q.S.CRetail
13Qatar Industrial Manufacturing CompanyIndustrial Conglomerates
13Masraf Al Rayan (Q.S.C.)Banks
14Qatar General Insurance and ReinsuranceInsurance
14Industries QatarIndustrial Conglomerates
15Dlala Brokerage and Investments Holding CompanyDiversified Financial Services
16Barwa Real Estate CompanyReal Estate
16Mesaieed Petrochemical Holding Company Q.S.C.Chemicals
17Qatar German Company for Medical DevicesHealth Care
17Qatar Navigation (Milaha) Q.S.C.Transportation and Logistics
18Mannai Corporation (QSC)Industrial Conglomerates
18Qatar Oman Investment CompanyDiversified Financial Services
18Mazaya Qatar Real Estate DevelopmentReal Estate
18Qatar Cinema & Film Distribution CoHotels and Leisure
20Qatar International Islamic BankBanks
20Qatar National Cement CompanyConstruction Materials
21Doha Insurance CompanyInsurance
22Qatar Islamic BankBanks
22Ahli BankBanks
22Investment Holding GroupConstruction & Engineering
22Salam International Investment Limited (SIIL)Industrial Conglomerates
24Medicare Group Q.S.CHealth Care
25Ezdan Holding GroupReal Estate
25Qatar Electricity and Water CompanyUtilities
26Qatar Insurance CompanyInsurance
26United Development CompanyReal Estate
27Qatar Islamic Insurance CompanyInsurance
27National Leasing HoldingDiversified Financial Services
28Qatar First BankBanks
29Zad Holding CompanyIndustrial Conglomerates
30Al Khaleej Takaful GroupInsurance
31Widam Food Company Q.S.C. - MawashiFood and Beverages
32Islamic Holding GroupDiversified Financial Services

* Based on ESG Invest 2018 ratings


1The Saudi Investment BankBanks
2Saudi Basic Industries CorpChemicals
3Saudi International Petrochemical CoChemicals
4Almarai CompanyFood and Beverages
5National Industrialization Co.Chemicals
6Saudi Arabian Mining Company (Ma'aden)Metals and Mining
7Mobile Telecommunications Company Saudi Arabia (Zain KSA)Telecommunication
7Saudi Airlines Catering CompanyBusiness Support
9Saudi Electricity CompanyUtilities
10Rabigh Refining and Petrochemical CoEnergy
11Sahara Petrochemical Co.Chemicals
12Hail Cement CompanyConstruction Materials
12Saudi Paper Manufacturing Co.Paper & Forest Products
14Takween Advanced IndustriesContainers & Packaging
14Zamil Industrial Investment CoConstruction & Engineering
16Najran Cement CompanyConstruction Materials
16The Saudi British BankBanks
18Al Sorayai Trading And Industrial Group CompanyConsumer Durables
18Tabuk Agriculture Development Co.Food and Beverages
20Fawaz Abdulaziz AlHokair CompanyRetail
20Filling & Packing Materials Manufacturing Co.Containers & Packaging
20National Commercial BankBanks
20Yanbu National Petrochemical CompanyChemicals
24Bupa Arabia for Cooperative InsuranceInsurance
24Etihad Etisalat Co. (Mobily)Telecommunication
24Methanol Chemicals CompanyChemicals
24Saudi Cement CompanyConstruction Materials
24Tabuk Cement Co.Construction Materials
24The National Shipping Co. of Saudi ArabiaEnergy
30Alahli Takaful CompanyInsurance
30Aldrees Petroleum and Transport Services CompanyEnergy
30Arabian Pipes CompanyMetals and Mining
30National Agriculture Development Co.Food and Beverages
30Red Sea International Co.Real Estate
30Riyad BankBanks
30Saudi Ground Services Co.Transportation and Logistics
30Savola GroupFood and Beverages
38Abdullah A. M. Al-Khodari Sons CompanyConstruction & Engineering
38Al-Babtain Power and Telecommunication CompanyElectrical Components
38Alinma BankBanks
38Altayyar Travel GroupTravel and Tourism
38City Cement CompanyConstruction Materials
38Jarir Marketing CoRetail
38Lazurde Company for JewelryRetail
38Middle East Specialized Cables CoElectrical Components
38Nama Chemicals Co.Chemicals
38Samba Financial GroupBanks
38Saudi Kayan Petrochemical CompanyChemicals
38Saudi Pharmaceutical Indust.& Med. Appliances Corp.Health Care
38Saudi Steel Pipe CompanyMetals and Mining
38Saudi Telecom Co.Telecommunication
38Saudia Dairy & Foodstuff .CoFood and Beverages
53Al Hassan Ghazi Ibrahim ShakerRetail
53Al Rajhi BankBanks
53Arab National BankBanks
53Dar Alarkan Real Estate Development Co.Real Estate
53Dur Hospitality CoHotels and Leisure
53Middle East Paper CompanyContainers & Packaging
53Northern Region Cement CompanyConstruction Materials
53Saudi Indian Company for Cooperative InsuranceInsurance
53Saudi Marketing CompanyRetail
62Alujain CorporationChemicals
62Astra Industrial GroupIndustrial Conglomerates
62Bank AlbiladBanks
62Banque Saudi FransiBanks
62Eastern Province Cement Co.Construction Materials
62Fitaihi Holding GroupRetail
62Makkah Construction & Development Co.Real Estate
62Middle East Healthcare Co.Health Care
62Salama Cooperative Insurance Co.Insurance
62Saudi Arabian Cooperative Insurance CompanyInsurance
62Saudi Arabian Fertilizers Co.Chemicals
62Saudi Industrial Development Co.Consumer Durables
62Saudi Industrial Services Co.Industrial Conglomerates
62Saudi Public Transport Co.Transportation and Logistics
62United Electronics CompanyRetail
62Yamama Cement CompanyConstruction Materials
78Al Abdullatif Industrial Investment CompanyConsumer Durables
78Alawwal BankBanks
78Aljazira Takaful Taawuni CompanyInsurance
78AXA Cooperative Insurance CompanyInsurance
78Bank AlJaziraBanks
78Chubb Arabia Cooperative Insurance CompanyInsurance
78Halwani Bros Co.Food and Beverages
78Leejam Sports Co.Hotels and Leisure
78National Gas & Industrialization Co.Utilities
78SABB TakafulInsurance
78Saudi Advanced Industries Co.Diversified Financials
78Southern Province Cement Co.Construction Materials
78The National Co. for Glass IndustriesContainers & Packaging
78Walaa Cooperative Insurance CompanyInsurance
78Yanbu Cement Co.Construction Materials
78Zahrat Al Waha for Trading Co.Containers & Packaging
94Abdullah Al Othaim Markets CompanyRetail
94Abdulmohsen Alhokair group for Tourism and Dev. CoHotels and Leisure
94Advanced Petrochemical CompanyChemicals
94Al Sagr Co-operative Insurance CoInsurance
94Al-Ahsa Development Co.Industrial Conglomerates
94Amana Cooperative Insurance CoInsurance
94Arabia Insurance Cooperative CompanyInsurance
94Arabian Shield Cooperative Insurance CompanyInsurance
94Arriyadh Development Co.Real Estate
94Aseer Trading, Tourism & Manufacturing Co.Diversified Financials
94Basic Chemical Industries CoChemicals
94Dallah Healthcare CompanyHealth Care
94Electrical Industries CompanyElectrical Components
94Herfy Food Services Co.Hotels and Leisure
94Jazan Energy and Development Co.Food and Beverages
94Saudi Arabian Amiantit Co.Industrial Conglomerates
94Saudi Automotive Services Co.Retail
94Saudi Ceramic Co.Construction Materials
94Saudi Company for HardwareRetail
94Saudi Re for Cooperative ReInsurance CompanyInsurance
94The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company Insurance
94Tihama Advertising & Public Relations Co.Media and Publishing
94Trade Union Cooperative Insurance CompanyInsurance
94United Cooperative Assurance CoInsurance
94United International Transportation Co.Transportation and Logistics
119Al-Ahlia Insurance CompanyInsurance
119Allied Cooperative Insurance GroupInsurance
119Arabian Cement CoConstruction Materials
119Batic Investments and Logistics Co.Transportation and Logistics
119Gulf Union Cooperative Insurance CompanyInsurance
119Knowledge Economic CityReal Estate
119Malath Cooperative Insurance and Reinsurance CompanyInsurance
119National Agriculture Marketing Co.Retail
119National Gypsum CompanyConstruction Materials
119Qassim Cement CompanyConstruction Materials
119Saudi Chemical CompanyChemicals
119Saudi Fisheries Co.Food and Beverages
119Saudi Research and Marketing GroupMedia and Publishing
119Solidarity Saudi Takaful CoInsurance
119Umm Al-Qura Cement CompanyConstruction Materials
119Wafrah For Industry And DevelopmentFood and Beverages
135Al Hammadi Company For Development and InvestmentHealth Care
135Al Jouf Agricultural Development Co.Food and Beverages
135Al Rajhi Company for Cooperative InsuranceInsurance
135Al Yamamah Steel Industries Co.Metals and Mining
135Alandalus Property Co.Real Estate
135Alinma Tokio Marine CoInsurance
135Allianz Saudi Fransi Cooperative Insurance CompanyInsurance
135Ash-Sharqiyah Development CompanyFood and Beverages
135Bawan CompanyIndustrial Conglomerates
135Emaar The Economic CityReal Estate
135Etihad Atheeb Telecommunication CompanyTelecommunication
135Mouwasat Medical Services CompanyHealth Care
135National Metal Manufacturing and Casting Co.Metals and Mining
135Saudi Industrial Export CoBusiness Support
135Saudi Vitrified Clay Pipes Co.Construction Materials
135The Company for Cooperative InsuranceInsurance
135United Wire Factories CompanyElectrical Components
135Wataniya Insurance CompanyInsurance
153Al Jouf Cement CompanyConstruction Materials
153Al-Baha Investment & Development coDiversified Financials
153Buruj Cooperative Insurance CompanyInsurance
153Jabal Omar Development CompanyReal Estate
153Kingdom Holding CompanyDiversified Financials
153Saudi Arabia Refineries Co.Energy
153Saudi Cable CompanyElectrical Components
153Saudi Printing & Packaging CompanyMedia and Publishing
153Saudi Real Estate Co.Real Estate
153Taiba Holding Co.Real Estate
153Tourism Enterprise Co.Hotels and Leisure
164Al Alamiya for Cooperative Insurance CompanyInsurance
164Al Gassim Investment Holding Co.Food and Beverages
164Anaam International Holding Group CO.Food and Beverages
164Gulf General Cooperative Insurance CompanyInsurance
164Saudi Enaya Cooperative Insurance CoInsurance
164Saudi Industrial Investment GroupChemicals
170Alkhaleej Training and Education CompanyBusiness Support
170MetLife AIG ANB Cooperative Insurance CompanyInsurance
170National Petrochemical CompanyChemicals
173National Medical Care CompanyHealth Care

* Based on ESG Invest 2018 ratings

Boursa Kuwait

1Mobile Telecommunications Company K.S.C (Zain)Telecommunication Services
2Agility The Public Warehousing CompanyTransportation and Logistics
3Mabanee Company (S.A.K)Real Estate
4National Bank of KuwaitBanks
5Gulf Cement Company (P.S.C.)Construction Materials
6Fujairah Cement Industries Co. (P.S.C.)Construction Materials
7National Mobile Telecommunications Co. (K.S.C)Telecommunication Services
7United Projects for Aviation Services Company (K.S.C)Business Support Services
9Ahli United Bank (B.U.C)Banks
10Ahli United Bank (K.S.C.P)Banks
10Sharjah Cement and Industrial Development Co.Construction Materials
12Kuwait Finance HouseBanks
13Al Ahli Bank of Kuwait (K.S.C.)Banks
13National Petroleum Services Company (K.S.C.)Energy
15Kuwait Financial Centre (K.P.S.C)Diversified Financial Services
15Ras Al Khaimah Co. For White Cement & Construction MaterialsConstruction Materials
17Al Mazaya Holding Co.Real Estate
17Umm Al-Qaiwain General Investments Co. (P.S.C.)Diversified Financial Services
19Burgan Bank (S.A.K.)Banks
19Kuwait International Bank (K.S.C.)Banks
21Inovest (B.S.C)Diversified Financial Services
21Kuwait & Gulf Link Transport Company (K.S.C)Transportation and Logistics
21Kuwait & Middle East Financial Investment Co. (K.S.C)Diversified Financial Services
21Kuwait Cement Company (K.P.S.C.)Construction Materials
21Kuwait Telecommunication Company (K.S.C)Telecommunication Services
21Oula Fuel Marketing Company (K.S.C)Retail
21Soor Fuel Marketing Company (K.S.C)Retail
21The Commercial Real Estate Co. (K.S.C)Real Estate
29Alargan International Real Estate Co. (K.S.C)Real Estate
29Boubyan Bank (K.S.C.)Banks
29Commercial Bank of KuwaitBanks
29GFH Financial GroupBanks
29Gulf Insurance Group (K.S.C.)Insurance
29Mezzan Holding Co. (K.S.C.C)Food and Beverages
29National International Holding Company (K.S.C)Diversified Financial Services
36Aayan Real Estate Company (S.A.K)Real Estate
36Acico Industries Company (K.S.C)Industrial Conglomerates
36Arzan Financial Group for Financing and Investment K.S.EDiversified Financial Services
36Gulf Bank of Kuwait (K.S.C.)Banks
36KAMCO Investment Company K.S.C (Public)Diversified Financial Services
36Warba Bank (K.S.C.)Banks
42A'ayan Leasing & Investment Company (K.S.C)Diversified Financial Services
42Al Imtiaz Investment Group (K.S.C.)Diversified Financial Services
42Almadar Finance and Investment (K.S.C)Diversified Financial Services
42Injazzat Real Estate Development Co. (K.S.C)Real Estate
42KGL Logistics CompanyTransportation and Logistics
42Kuwait Finance & Investment Company (K.S.C)Diversified Financial Services
42Kuwait Insurance Company (S.A.K.)Insurance
42Kuwait Projects Company (Holding) (K.S.C.)Diversified Financial Services
42National Cleaning Co. (S.A.K)Utilities
42National Real Estate Company K.S.CReal Estate
42Noor Financial Investment Company (K.S.C)Diversified Financial Services
42Salhia Real Estate (K.S.C)Real Estate
42The Kuwait Company for Process Plant Construction and Contracting (S.A.K)Construction & Engineering
42Tijara & Real Estate Investment Co. (K.S.C)Real Estate
42Yiaco Medical Company (K.S.C)Retail
57Advanced Technology CompanyRetail
57Al Ahleia Insurance Co. (S.A.K.)Insurance
57Al Aman Investment CompanyDiversified Financial Services
57Commercial Facilities Co. (S.A.K)Diversified Financial Services
57First Dubai for Real Estate Development Co. (K.S.C.P)Real Estate
57First Takaful Insurance Company (K.C.S)Insurance
57Gulf Investment House (K.S.C)Diversified Financial Services
57Kuwait Investment Company (S.A.K.)Diversified Financial Services
57Kuwait Real Estate Company (K.S.C.)Real Estate
57Livestock Transport & Trading Company (K.S.C.)Food and Beverages
57Mubarrad Transport Company (K.S.C)Transportation and Logistics
57Munshaat Real Estate Projects Co. (K.S.C)Real Estate
57SANAD HOLDING COMPANYDiversified Financial Services
57Tamdeen Real Estate Company (K.S.C)Real Estate
71Al Masaken International Real Estate DevelopmentReal Estate
71Amwal International Investment CO. (K.S.C)Diversified Financial Services
71Independent Petroleum Group (K.S.C.P)Energy
74Ajial Real Estate Entertainment Company (K.S.C)Real Estate
74Al-Enma'a Real Estate Co. (K.S.C)Real Estate
74Al-Kout Industrial Projects Co. (K.S.C)Chemicals
74Boubyan Petrochemical Company (K.S.C)Industrial Conglomerates
74First Investment Company (K.S.C)Diversified Financial Services
74Future Kid Entertainment and Real Estate Co. (K.S.C)Hotels and Leisure
74International Financial Advisers (K.S.C)Diversified Financial Services
74Osoul Investment CO. (K.S.C)Diversified Financial Services
74Qurain Petrochemical Industries Company (K.S.C)Industrial Conglomerates
74Real Estate Asset Management Company (K.S.C)Real Estate
74Senergy Holding Company (K.S.C.P)Energy
74Warba Insurance Company (K.S.C.P)Insurance
86Al-Arabiya Real Estate Co. (K.S.C)Real Estate
86AMAR FOR FINANCE AND LEASING CO.Diversified Financial Services
86Aqar Real Estate Investments Company (S.A.K)Real Estate
86Automated Systems Company (K.P.S.C)Business Support Services
86Combined Group Contracting Co. (S.A.K)Construction & Engineering
86Gulf North Africa Holding Company (K.S.C)Diversified Financial Services
86Kuwait Real Estate Holding Company (K.S.H)Real Estate
86United Real Estate Company (K.S.C)Real Estate
94HumanSoft Holding Co. (K.S.C)Business Support Services
94International Resorts Company (K.S.C)Real Estate
94Kuwait National Cinema Co. (K.P.S.C.)Hotels and Leisure
94National Investments Company (K.S.C.)Diversified Financial Services
94Privatization Holding Company (K.S.C.)Diversified Financial Services
94Real Estate Trade Centers Co. (K.S.C)Real Estate
100Alrai Media Group Company (K.S.C)Media and Publishing
100Arkan Al-Kuwait Real Estate Co. (K.S.C)Real Estate
100Burgan Company for Well Drilling, Trading & MaintenanceEnergy
100Coast Investment & Development Company (K.S.C)Diversified Financial Services
100Danah Al Safat Foodstuff Company (K.S.C.)Food and Beverages
100Egypt Kuwait Holding Co. (S.A.E.)Diversified Financial Services
100Gulf Cable & Electrical Industrial Co.Electrical Components and Equipment
100Kuwait Foundry Co. (S.A.K)Metals and Mining
100National Industries Company (K.S.C.)Construction Materials
100Sokouk Holding Co. (S.A.K)Diversified Financial Services
100Sultan Center Food Products Co. (K.S.C)Retail
100Tamdeen Investment Co. (K.S.C.)Diversified Financial Services
112Ajwan Gulf Real Estate Co.Real Estate
112Aviation Lease and Finance CompanyTransportation and Logistics
112IFA Hotels and Resorts Co. (K.P.S.C)Hotels and Leisure
112Integrated Holding CompanyDiversified Financial Services
112Osos Holding Group Company (K.S.C)Diversified Financial Services
112Sanam Real Estate Co. (K.S.C)Real Estate
112The Energy House Holding Company (K.S.C)Diversified Financial Services
112Wethaq Takaful Insurance Company (K.C.S)Insurance
120Jazeera Airways CompanyTransportation and Logistics
120National Industries Group Holding (S.A.K.)Industrial Conglomerates
120Shuaiba Industrial Company (K.P.S.C.)Containers & Packaging
123Al-Deera Holding Company (K.P.S.C)Diversified Financial Services
123Al-Massaleh Real Estate Company (K.S.C)Real Estate
123Heavy Engineering Industries & Shipbuilding Company (K.S.C.)Energy
123Kuwait Portland Cement Company (K.S.C)Construction Materials
123Mena Real Estate Company (K.S.C)Real Estate
123Taameer Real Estate Investment Co. (K.S.C)Real Estate
129AAN Digital Services Co.Telecommunication Services
129Abyaar Real Estate Development Co. (K.S.C)Real Estate
129Al-Mal Investment Company (K.S.C)Diversified Financial Services
129Arabi Holding Group CO. (K.S.C)Industrial Conglomerates
129Jiyad Holding Company (K.S.C.Holding)Diversified Financial Services
129Kuwait Business Town Real Estate Co. (K.S.C)Real Estate
129Kuwait Resorts Company (K.S.C)Hotels and Leisure
129Manazel HoldingDiversified Financial Services
129The Securities House (K.S.C)Diversified Financial Services
138Asiya Capital Investments Company (K.S.C.P)Diversified Financial Services
138Bayan Investment CO. (K.S.C.P)Diversified Financial Services
138Ektettab Holding Co. (S.A.K)Diversified Financial Services
138Equipment Holding Co. (K.S.C)Retail
138Kuwait Reinsurance Company (K.S.P.C)Insurance
138Mashaer Holding CompanyDiversified Financial Services
138National Shooting Company (K.S.C)Hotels and Leisure
138Specialities Group Holding Co. (K.S.C)Construction & Engineering
138UniCap investment and FinanceDiversified Financial Services
147Al-Madina For Finance and Investment Co. (S.A.K)Diversified Financial Services
147Al-Salam Group Holding CO. (K.S.C)Diversified Financial Services
147Credit Rating & Collection (K.S.C)Diversified Financial Services
147Educational Holding Group (S.A.K)Education
147Gulf Petroleum Investment (S.A.K)Energy
147Hilal Cement Company (K.S.C)Construction Materials
147Investors Holding Group Company (K.S.C)Real Estate
147Kuwait Remal Real Estate Company (K.S.C)Real Estate
147Kuwait Syrian Holding Company (K.S.C. Holding)Diversified Financial Services
147Nafais Holding Company (K.S.C)Business Support Services
147Warba Capital Holding Co (K.S.C)Diversified Financial Services
159Al Mudon Intl. Real Estate Co.Real Estate
159Salbookh Trading Co. (K.S.C)Construction Materials
161Al Eid Food Co.Food and Beverages
161Al-Maidan Dental Clinic Co.Health Care

* Based on ESG Invest 2018 ratings

Bahrain Bourse

1Aluminum Bahrain B.S.CMetals and Mining
2Zain BahrainTelecommunication Services
3Al-Ahli United BankBanks
4Al Baraka Banking GroupBanks
6Al Salam Bank - Bahrain B.S.C.Banks
6United Gulf BankBanks
8Arab Banking CorporationBanks
10Bahrain Islamic BankBanks
11Bahrain Telecommunications CompanyTelecommunication Services
12Securities & Investment CompanyDiversified Financial Services
12InovestDiversified Financial Services
12Investcorp BankDiversified Financial Services
15Gulf Hotel Group B.S.CHotels and Leisure
15Bahrain Kuwait Insurance CompanyInsurance
17Khaleeji Commercial Bank B.S.CBanks
17Bahrain Family LeisureHotels and Leisure
17GFH Financial GroupBanks
17Bahrain Flour Mills CompanyFood and Beverages
17Bahrain Ship Repairing & Engineering CompanyConstruction & Engineering
22National Bank of BahrainBanks
22Bahrain Middle East BankBanks
22Esterad Investment CompanyDiversified Financial Services
22Nass CorporationConstruction & Engineering
26Bahrain Commercial Facilities CompanyDiversified Financial Services
26Seef PropertiesReal Estate
28Solidarity Bahrain B.S.CInsurance
28Arab Insurance GroupInsurance
28Bahrain Duty Free ComplexRetail
28Trafco GroupFood and Beverages
32Delmon Poultry CompanyFood and Beverages
32Bahrain Car Parks CompanyBusiness Support Services
32Bahrain Cinema CompanyHotels and Leisure
35Bahrain National Holding CompanyInsurance
36Banader Hotels Company BSCHotels and Leisure
36National Hotels CompanyHotels and Leisure
38Takaful International CompanyInsurance
39United Gulf Investment CorporationDiversified Financial Services
40United Paper Industries B.S.C.(c)Paper & Forest Products
40TAIB BankBanks

* Based on ESG Invest 2018 ratings

Muscat Securities Market

1Bank MuscatBanks
2Oman Telecommunications CompanyTelecommunication Services
3National Bank of OmanBanks
4Shell Oman Marketing CompanyEnergy
5Oman Cables IndustryElectrical Components and Equipment
6Bank SoharBanks
7HSBC Bank OmanBanks
8Omani Qatari Telecommunications Company SAOGTelecommunication Services
9Raysut CementConstruction Materials
9Bank DhofarBanks
11Voltamp EnergyElectrical Components and Equipment
12Al Maha Petroleum Products Marketing CompanyRetail
13Oman United Insurance CompanyInsurance
14National GasEnergy
14Al Anwar Holdings SAOGInsurance
14Al Jazeera Steel ProductsMetals and Mining
14Oman CementConstruction Materials
14AlSharqiya Investment Holding Co.Diversified Financial Services
19Almaha CeramicsConstruction Materials
20Al Madina TakafulInsurance
20Taageer Finance CompanyDiversified Financial Services
22Oman Investment and Finance CompanyBusiness Support Services
23Al Madina InvestmentDiversified Financial Services
23Al Jazeira ServicesHotels and Leisure
23Al Anwar Ceramic TilesConstruction Materials
26Oman Flour MillsFood and Beverages
27OminvestDiversified Financial Services

* Based on ESG Invest 2018 ratings

Amman Stock Exchange

1Arab BankBanks
2Jordan Islamic BankBanks
3Jordan Ahli BankBanks
4Arab Banking CorporationBanks
5Cairo Amman BankBanks
6Jordan Petroleum Refinery Company LTDEnergy
7The Housing Bank for Trade and FinanceBanks
8Bank of JordanBanks
9Jordan Kuwait BankBanks
10Jordan Commercial BankBanks
11Bank Al EtihadBanks
12Societe Generale de Banque JordanieBanks
13The Arab PotashMetals and Mining
14Safwa Islamic BankBanks
16Capital BankBanks
17Arab Jordan Investment BankBanks
18Irbid District ElectricityUtilities
19Jordan Electric PowerUtilities
20The Arab International for Education & InvestmentEducation
21Northern Cement Co.Construction Materials
22Jordan TelecomTelecommunication
23Afaq for Energy Co PLCEnergy
24Al-Nisr Al-Arabi InsuranceInsurance
25Ready Mix Concrete and Construction SuppliesConstruction Materials
26Zarqa Educational & Investment Co.Education
27Rum Group for Transportation & Tourism InvestmentTransportation and Logistics
28Masafat Specialized TransportTransportation and Logistics
29Jordan Insurance CompanyInsurance
30The Arab Pesticides & Veterinary Drugs mfg. Co.Chemicals
31First FinanceDiversified Financial Services
32Arab International HotelsHotels and Leisure
33The Jordan Worsted MillsRetail
34Al-Isra for Education and InvestmentEducation
35Petra Education CompanyEducation
36Jordan National Shipping LinesTransportation and Logistics
37Dar Al Dawa Development and Investment Co.Health Care
38Arab Life & Accident InsuranceInsurance
39Al Dawliyah for Hotels and MallsHotels and Leisure
40Jordanian Duty Free ShopsRetail
41Philadelphia International Educational Investment CompanyEducation
42Arab Aluminium IndustryMetals and Mining
43Middle East InsuranceInsurance
44Arabia Insurance Company - JordanInsurance
45Jordan International InsuranceInsurance
46The Islamic InsuranceInsurance
47Solidarity - First InsuranceInsurance
48Jordan Hotels & Tourism CompanyHotels and Leisure
49Ittihad SchoolsEducation
50Al-Bilad Medical Services CompanyHealth Care
51Ibn Alhaytham Hospital CompanyHealth Care
52Hayat Pharmaceutical Industries CompanyHealth Care
53Jerusalem InsuranceInsurance
54The United InsuranceInsurance
55The Arab Financial Investment CompanyDiversified Financial Services
56United Financial InvestmentsDiversified Financial Services
57Al-Sharq Investment ProjectsHotels and Leisure
58Universal Modern IndustriesFood and Beverages
59Philadelphia PharmaceuticalsHealth Care
60National InsuranceInsurance
61Century Investment GroupDiversified Financial Services
62General InvestmentFood and Beverages
63Al-Eqbal Investment CompanyTobacco
64Al-Amal Financial InvestmentsDiversified Financial Services
65Jordan Express Tourist TransportTransportation and Logistics
66National Aluminum IndustrialMetals and Mining
67The Arab International Food FactoriesFood and Beverages
68The Real Estate & Investment Portfolio Co.Real Estate
69Contempro for Housing ProjectsReal Estate

* Based on ESG Invest 2017 ratings

Beirut Stock Exchange

1Bank AudiBanks
2BLOM BankBanks
3Holcim LibanConstruction Materials
4Bank of BeirutBanks
5BLC BankBanks
6Banque BEMOBanks
7Byblos BankBanks
8SolidereReal Estate
9Rasamny Younis Motor CompanyRetail
10S. L. des Ciments BlancsConstruction Materials

* Based on ESG Invest 2017 ratings

Palestine Exchange

1The National BankBanks
2Arab Islamic BankBanks
3Palestine Securities ExchangeDiversified Financial Services
4Bank of PalestineBanks
5AL-Quds Bank for Development & InvestmentBanks
6Palestine Industrial Investment CompanyIndustrial Conglomerates
7Palestine Telecommunication CoTelecommunication Services
8Beit Jala Pharmaceutical CompanyHealth Care
9Palestine Islamic BankBanks
10National Insurance CoInsurance
11Jerusalem Pharmaceutical CoHealth Care
12Wataniya MobileTelecommunication Services
13Al-Shark Electrode CompanyElectrical Components and Equipment
14The National Carton IndustryContainers & Packaging
15Trust International Insurance Co.Insurance
16Ahliea Insurance GroupInsurance
17Al Mashriq Insurance CoInsurance
18Arab Company for Paints ProductsChemicals
19Nablus Surgical CenterHealth Care
20National Aluminium and ProfileMetals and Mining
21Palestine Poultry CompanyFood and Beverages
22Union Construction and InvestmentReal Estate
23Arab Hotels Co.Hotels and Leisure
24Arab Palestinian Investment CompanyIndustrial Conglomerates
25Birzeit Pharmaceutical CompanyHealth Care
26Dar Al-Shifa PharmaceuticalsHealth Care
27Golden Wheat Mills Co.Food and Beverages
28Palestine Investment BankBanks
29Al-Takaful Palestinian InsuranceInsurance
30Palestine Development & Investment Co.Diversified Financial Services
31Palestine Insurance CompanyInsurance
32Palestine Plastic Industries Co.Containers & Packaging
33Al-Wataniah TowersReal Estate
34Global United Insurance CompanyInsurance
35Sanad Construction ResourcesConstruction Materials
36The Vegetable Oil Industries CompanyFood and Beverages
37Arab Real Estate Establishment CoReal Estate
38Palestine Real Estate Investment CoReal Estate
39Globalcom Telecommunications PlcTelecommunication Services
40Jerusalem Real Estate Investment CoReal Estate
41PalAqar for Real Estate Development & ManagementReal Estate
42Palestinian Company for Distribution & Logistic ServicesTransportation and Logistics
43Arab Investors PublicDiversified Financial Services
44Jerusalem Cigarette CoTobacco
45Palestine Electric CompanyUtilities
46Palestine Investment and Development CoIndustrial Conglomerates
47The Ramallah Summer Resorts CompanyHotels and Leisure
48Al-Aqariya Trading InvestmentReal Estate
50The Saudi British Bank ESG Report 2018test

* Based on ESG Invest 2017 ratings


Darin Rovere
Founder and CEO

International expert and innovator in corporate sustainability with 15 years experience working with world leading companies and governments across more than 15 sectors and four continents.

Houssam Lahrech
Head of ESG Invest

ESG expert with substantial experience combining sustainability and financial management within a leading ESG rating agency and the most innovative Asset Management firm.