ESG ANALYSIS OF COMPANIES IN THE ARAB WORLD
Supporting investors integrate ESG factors in investment decisions
QUANTIFYING THE ESG PERFORMANCE OF COMPANIES IN THE ARAB WORLD
Supporting investors integrate ESG factors in investment decisions
ABOUT
OUR COMMITMENT
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.
WHAT WE OFFER
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.
OUR SOLUTIONS
FOR FINANCIAL INSTITUTIONS
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.
FOR INDIVIDUAL INVESTORS
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.
FOR CORPORATES
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.
700
Comprehensive ESG Reports of Companies in the Arab World
200
ESG Quantitative and Qualitative Performance Indicators
40
ESG Criteria Derived from International Standards and National Visions
4
Years of Historical Data
WHAT MAKES US UNIQUE
Methodology
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.
Language
A diverse team of native Arabic speaking ESG Research analysts analyzing ESG information.
Engagement
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.
NEWS
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 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
| Company | Sector | Rank 2019 | Rank 2018 | Trend |
|---|---|---|---|---|
| First Abu Dhabi Bank | Banks | 1 | 1 | ↔ |
| ETISALAT | Telecommunication | 2 | 7 | ↑ |
| Aldar Properties PJSC | Real Estate | 3 | 23 | ↑ |
| RAK Ceramics PJSC | Construction Materials | 4 | 4 | ↔ |
| Abu Dhabi Commercial Bank | Banks | 5 | 1 | ↓ |
| Dana Gas PJSC | Energy | 6 | 6 | ↔ |
| ADNOC For Distribution | Retail | 7 | 8 | ↑ |
| AGTHIA Group | Food and Beverages | 8 | 13 | ↑ |
| ADNEC | Energy | 9 | 4 | ↓ |
| Ooredoo | Telecommunication | 10 | 21 | ↑ |
| National Marine Dredging Company | Business Support Services | 11 | 9 | ↓ |
| National Bank of Fujairah PJSC | Banks | 12 | 16 | ↑ |
| Fujairah Cement Industries | Construction Materials | 13 | 15 | ↑ |
| Gulf Cement Co. | Construction Materials | 13 | 10 | ↓ |
| Abu Dhabi Islamic Bank | Banks | 15 | 11 | ↓ |
| National Corporation For Tourism And Hotels | Hotels and Leisure | 16 | 17 | ↑ |
| Gulf Pharmaceutical Industries | Health Care | 17 | 12 | ↓ |
| Sharjah Cement and Industrial Development Co. | Construction Materials | 18 | 19 | ↑ |
| Fujairah Building Industries P.S.C. | Construction Materials | 19 | 23 | ↑ |
| Emirates Driving Company | Education | 20 | 17 | ↓ |
| Rak Properties | Real Estate | 21 | 22 | ↑ |
| Ras Al Khaimah Cement Company | Construction Materials | 22 | 19 | ↓ |
| International Holding Company PJSC | Food and Beverages | 23 | 23 | ↔ |
| Arkan Building Materials Co. | Construction Materials | 24 | 34 | ↑ |
| Ras Al Khaimah Co. for White Cement & Construction Materials P.S.C. | Construction Materials | 25 | 27 | ↑ |
| Emirates Insurance Company | Insurance | 25 | 31 | ↑ |
| Abu Dhabi National Hotels | Hotels and Leisure | 27 | 23 | ↓ |
| Eshraq Properties Co. | Real Estate | 28 | 37 | ↑ |
| Bank of Sharjah | Banks | 29 | 29 | ↔ |
| Methaq Takaful Insurance Company | Insurance | 30 | 39 | ↑ |
| Insurance House P.S.C | Insurance | 30 | 46 | ↑ |
| National Takaful Company PSC - Watania | Insurance | 30 | 39 | ↑ |
| National Bank Of Ras Al-Khaimah | Banks | 33 | 49 | ↑ |
| Waha Capital PJSC | Diversified Financial Services | 33 | 39 | ↑ |
| Abu Dhabi Aviation Co. | Transportation and Logistics | 33 | 27 | ↓ |
| Abu Dhabi National Company for Building Materials | Construction Materials | 36 | 34 | ↓ |
| Al Dhafra Insurance Company | Insurance | 36 | 31 | ↓ |
| Abu Dhabi National Insurance Company | Insurance | 38 | 29 | ↓ |
| Gulf Medical Projects Company | Health Care | 38 | 34 | ↓ |
| Ras Al Khaimah Poultry And Feeding Co. | Food and Beverages | 40 | 42 | ↑ |
| AXA Green Crescent Insurance Company PJSC | Insurance | 40 | 46 | ↑ |
| Al Ain Ahlia Insurance Company | Insurance | 42 | 53 | ↑ |
| FOODCO Holding P.J.S.C | Food and Beverages | 43 | 49 | ↑ |
| Al Buhaira National Insurance Company | Insurance | 44 | 44 | ↔ |
| RAK Insurance | Insurance | 44 | 44 | ↔ |
| Al Fujairah National Insurance Company | Insurance | 44 | 54 | ↑ |
| AL Khaleej Investment | Industrial Conglomerates | 44 | 31 | ↓ |
| United Fidelity Insurance Company | Insurance | 48 | 46 | ↓ |
| Umm Al Qaiwain General Investments Co. | Diversified Financial Services | 48 | 37 | ↓ |
| Al Khazna Insurance Company | Insurance | 50 | 42 | ↓ |
| Union Insurance Company | Insurance | 51 | 57 | ↑ |
| United Arab Bank (P.J.S.C.) | Banks | 52 | 59 | ↑ |
| Abu Dhabi National Takaful Company | Insurance | 52 | 52 | ↔ |
| Sharjah Group Company | Real Estate | 54 | 55 | ↑ |
| Al Wathba National Insurance Company P.J.S.C | Insurance | 55 | 51 | ↓ |
| Sharjah Insurance Company | Insurance | 56 | 58 | ↑ |
| The National Investor PRJSC | Diversified Financial Services | 57 | NA | NA |
| Wahat Al Zaweya Holding | Real Estate | 58 | NA | NA |
| Sudatel Telecom Group Company | Telecommunication Services | 59 | 55 | ↓ |
| Commercial Bank International | Banks | 60 | 60 | ↔ |
| Abu Dhabi Ship Building PJSC | Construction & Engineering | 60 | 14 | ↓ |
| Manazel PJSC | Real Estate | 62 | NA | NA |
| National Bank of Umm Al Qaiwain | Banks | 63 | 62 | ↓ |
| Oman & Emirates Investment Holding Co. | Diversified Financial Services | 63 | 61 | ↓ |
| Finance House | Banks | 65 | 63 | ↓ |
| Invest Bank | Banks | 66 | 64 | ↓ |
| Sharjah Islamic Bank | Banks | 67 | 65 | ↓ |
| Reem Investments PRJSC | Diversified Financial Services | 68 | NA | NA |
| Al Qudra Holding | Diversified Financial Services | 69 | NA | NA |
| Union National Bank | Banks | NA | 3 | NA |
* Based on Fiscal Year 2019
Dubai Financial Market
| Company | Sector | Rank 2019 | Rank 2018 | Trend |
|---|---|---|---|---|
| Hikma Pharmaceuticals | Health Care | 1 | 1 | ↔ |
| ARAMEX PJSC | Transportation & Logistics | 2 | 2 | ↔ |
| EITC | Telecommunication | 3 | 3 | ↔ |
| Dubai Investments PJSC | Diversified Financials | 4 | 16 | ↑ |
| Arabtec Holding PJSC | Construction & Engineering | 5 | 6 | ↑ |
| DP World | Transportation & Logistics | 6 | 5 | ↓ |
| Dubai Financial Market PJSC | Diversified Financials | 7 | 7 | ↔ |
| Agility | Transportation & Logistics | 8 | 8 | ↔ |
| Emirates NBD PJSC | Banks | 9 | 9 | ↔ |
| Orascom Construction | Construction & Engineering | 10 | 11 | ↑ |
| Al Baraka Banking Group | Banks | 11 | 9 | ↓ |
| Ithmaar Holding | Banks | 12 | 13 | ↑ |
| DXB Entertainments (P.J.S.C.) | Hotels and Leisure | 13 | 18 | ↑ |
| National Central Cooling Co. | Business Support Services | 14 | 14 | ↔ |
| DAMAC PROPERTIES DUBAI CO PJSC | Real Estate | 15 | 16 | ↑ |
| Union Properties PJSC | Real Estate | 15 | 12 | ↓ |
| Emaar Properties PJSC | Real Estate | 17 | 15 | ↓ |
| Air Arabia PJSC | Transportation and Logistics | 18 | 23 | ↑ |
| Depa Limited | Business Support Services | 18 | 19 | ↑ |
| Dubai Refreshment | Food and Beverages | 20 | 29 | ↑ |
| EMAAR MALLS PJSC | Real Estate | 20 | 20 | ↔ |
| Emaar Development | Real Estate | 20 | 49 | ↑ |
| SHUAA Capital PSC | Diversified Financial Services | 23 | 21 | ↓ |
| Commercial Bank of Dubai P.S.C. | Banks | 24 | 54 | ↑ |
| BLME Holdings plc | Banks | 25 | 26 | ↑ |
| National International Holding Company | Diversified Financial Services | 26 | 27 | ↑ |
| Gulf Navigation Holding PJSC | Transportation and Logistics | 26 | 22 | ↓ |
| United Foods Company (PSC) | Food and Beverages | 28 | 23 | ↓ |
| Arabian Scandinavian Insurance Company - Takaful | Insurance | 29 | 29 | ↔ |
| Al Salam Bank - Bahrain | Banks | 30 | 25 | ↓ |
| Dubai National Insurance & Reinsurance | Insurance | 31 | 29 | ↓ |
| Al Ramz Corporation Investment and Development PJSC | Diversified Financial Services | 32 | 40 | ↑ |
| National Cement Company (P.S.C.) | Construction Materials | 33 | 33 | ↔ |
| Alliance Insurance | Insurance | 33 | 38 | ↑ |
| Deyaar Development PJSC | Real Estate | 33 | 33 | ↔ |
| Amanat Holdings PJSC | Business Support Services | 33 | 60 | ↑ |
| Dar Al Takaful | Insurance | 37 | 33 | ↓ |
| Marka PJSC | Retail | 38 | 29 | ↓ |
| GFH Financial Group B.S.C. | Banks | 39 | 49 | ↑ |
| Emirates Refreshments Company | Food and Beverages | 39 | 27 | ↓ |
| Gulfa Mineral Water & Processing Industries Co. PLC | Food and Beverages | 39 | 33 | ↓ |
| Oman Insurance Company | Insurance | 42 | 49 | ↑ |
| Dubai Islamic Insurance and Reinsurance Co. | Insurance | 42 | 42 | ↔ |
| National General Insurance Company PSC | Insurance | 42 | 40 | ↓ |
| Orient Insurance PJSC | Insurance | 42 | 45 | ↑ |
| Islamic Arab Insurance Company | Insurance | 42 | 39 | ↓ |
| Takaful Emarat (PSC) | Insurance | 47 | 33 | ↓ |
| Orient UNB Takaful | Insurance | 47 | 45 | ↓ |
| Al Mazaya Holding Company | Real Estate | 49 | 42 | ↓ |
| Unikai Foods P.J.S.C. | Food and Beverages | 50 | 47 | ↓ |
| Arab Insurance Group P.S.C. | Insurance | 50 | 49 | ↓ |
| Khaleeji Commercial Bank | Banks | 50 | 59 | ↑ |
| Dubai Insurance Company | Insurance | 53 | 56 | ↑ |
| Al Firdous Holdings PJSC | Hotels and Leisure | 54 | 42 | ↓ |
| Al Sagr National Insurance Company | Insurance | 55 | 54 | ↓ |
| Drake & Scull International P.J.S.C | Construction & Engineering | 55 | 53 | ↓ |
| Gulf General Investments Company | Diversified Financial Services | 57 | 47 | ↓ |
| Mashreqbank PSc | Banks | 58 | 56 | ↓ |
| Amlak Finance P.J.S.C | Banks | 59 | 60 | ↑ |
| Dubai Islamic Bank | Banks | 60 | 62 | ↑ |
| Aan Digital Services Holding Co. | Telecommunication Services | 61 | 67 | ↑ |
| International Financial Advisors Company | Diversified Financial Services | 62 | 67 | ↑ |
| Emirates Islamic Bank PJSC | Banks | 63 | 64 | ↑ |
| Ajman Bank PJSC | Banks | 64 | 63 | ↓ |
| National Industries Group Holding (S.A.K.) | Industrial Conglomerates | 65 | 56 | ↓ |
| NAEEM Holding For Investments | Diversified Financial Services | 66 | 65 | ↓ |
| Emirates Investment Bank PJSC | Banks | 67 | 66 | ↓ |
| Al Salam Group Holding | Diversified Financial Services | 68 | 67 | ↓ |
| Al-Madina For Finance and Investment | Diversified Financial Services | 69 | 70 | ↑ |
| Ektettab Holding Company K.S.C.C | Diversified Financial Services | 69 | 70 | ↑ |
| Al Salam Bank - Sudan | Banks | 71 | 72 | ↑ |
* Based on Fiscal Year 2019
Tadawul
| Company | Sector | Rank 2019 | Rank 2018 | Trend |
|---|---|---|---|---|
| Almarai Company | Food and Beverages | 1 | 4 | ↑ |
| Saudi Basic Industries Corp | Chemicals | 2 | 2 | ↔ |
| The Saudi Investment Bank | Banks | 3 | 1 | ↓ |
| Saudi Telecom Co. | Telecommunication | 4 | 28 | ↑ |
| Sahara Inter. Petro | Chemicals | 5 | 3 | ↓ |
| National Industrialization Co. | Chemicals | 6 | 5 | ↓ |
| Zain KSA | Telecommunication | 7 | 6 | ↓ |
| Saudi Electricity Company | Utilities | 8 | 9 | ↑ |
| Jarir Marketing Co | Retail | 9 | 56 | ↑ |
| Saudi Arabian Mining Co | Metals and Mining | 10 | 6 | ↓ |
| Al Rajhi Bank | Banks | 11 | 51 | ↑ |
| Rabigh Refining and Petrochemical Co | Energy | 12 | 10 | ↓ |
| Saudi Airlines Catering Company | Business Support Services | 13 | 8 | ↓ |
| Saudi Arabian Oil Co. | Energy | 14 | NA | NA |
| Bank Albilad | Banks | 15 | 59 | ↑ |
| The National Shipping Co. of Saudi Arabia | Energy | 16 | 23 | ↑ |
| Hail Cement Company | Construction Materials | 17 | 11 | ↓ |
| Najran Cement Company | Construction Materials | 18 | 15 | ↓ |
| Saudi Paper Manufacturing Co. | Paper & Forest Products | 19 | 11 | ↓ |
| Takween Advanced Industries | Containers & Packaging | 20 | 13 | ↓ |
| Middle East Paper Company | Containers & Packaging | 21 | 51 | ↑ |
| Saudi Steel Pipe Company | Metals and Mining | 21 | 43 | ↑ |
| The Saudi British Bank | Banks | 23 | 15 | ↓ |
| Riyad Bank | Banks | 24 | 35 | ↑ |
| Zamil Industrial Investment Co | Construction & Engineering | 24 | 14 | ↓ |
| Electrical Industries Company | Electrical Components and Equipment | 26 | 100 | ↑ |
| Savola Group | Food and Beverages | 26 | 31 | ↑ |
| Arabian Pipes Company | Metals and Mining | 28 | 35 | ↑ |
| National Commercial Bank | Banks | 28 | 22 | ↓ |
| Tabuk Agriculture Development Co. | Food and Beverages | 30 | 18 | ↓ |
| Banque Saudi Fransi | Banks | 31 | 64 | ↑ |
| Methanol Chemicals Company | Chemicals | 31 | 27 | ↓ |
| Red Sea International Co. | Real Estate | 31 | 35 | ↑ |
| Bupa Arabia for Cooperative Insurance | Insurance | 34 | 23 | ↓ |
| Etihad Etisalat Co. (Mobily) | Telecommunication Services | 34 | 23 | ↓ |
| Filling and Packing Materials Manufacturing Co. | Containers & Packaging | 34 | 19 | ↓ |
| Yanbu National Petrochemical Company | Chemicals | 34 | 19 | ↓ |
| Seera Group Holding | Travel and Tourism | 38 | 47 | ↑ |
| Saudi Cement Company | Construction Materials | 39 | 28 | ↓ |
| Saudi Kayan Petrochemical Company | Chemicals | 39 | 38 | ↓ |
| Al Sorayai Trading And Industrial Group Company | Consumer Durables | 41 | 17 | ↓ |
| Arab National Bank | Banks | 41 | 51 | ↑ |
| Samba Financial Group | Banks | 43 | 38 | ↓ |
| Tabuk Cement Co. | Construction Materials | 43 | 23 | ↓ |
| National Agriculture Development Co. | Food and Beverages | 45 | 30 | ↓ |
| Saudi Ground Services Co. | Transportation and Logistics | 45 | 31 | ↓ |
| Aldrees Petroleum and Transport Services Company | Energy | 47 | 31 | ↓ |
| Alahli Takaful Company | Insurance | 48 | 31 | ↓ |
| Saudia Dairy & Foodstuff .Co | Food and Beverages | 48 | 47 | ↓ |
| Saudi Arabian Fertilizers Co. | Chemicals | 50 | 59 | ↑ |
| Saudi Pharmaceutical Indust.& Med. Appliances Corp. | Health Care | 50 | 38 | ↓ |
| Abdullah A. M. Al-Khodari Sons Company | Construction & Engineering | 52 | 38 | ↓ |
| Alkhaleej Training and Education Company | Business Support Services | 52 | 169 | ↑ |
| Lazurde Company for Jewelry | Retail | 52 | 43 | ↓ |
| Middle East Specialized Cables Co | Electrical Components and Equipment | 52 | 47 | ↓ |
| Saudi Indian Company for Cooperative Insurance | Insurance | 52 | 54 | ↑ |
| City Cement Company | Construction Materials | 57 | 38 | ↓ |
| Alujain Corporation | Chemicals | 58 | 70 | ↑ |
| Dur Hospitality Co | Hotels and Leisure | 58 | 54 | ↓ |
| United Electronics Company | Retail | 58 | 70 | ↑ |
| Abdulmohsen Alhokair Group for Tourism and Development | Hotels and Leisure | 61 | 92 | ↑ |
| Alinma Bank | Banks | 61 | 43 | ↓ |
| Saudi Marketing Company | Retail | 61 | 59 | ↓ |
| Walaa Cooperative Insurance Company | Insurance | 61 | 77 | ↑ |
| Yamama Cement Company | Construction Materials | 61 | 64 | ↑ |
| Dar Alarkan Real Estate Development Co. | Real Estate | 66 | 56 | ↓ |
| Fitaihi Holding Group | Retail | 66 | 59 | ↓ |
| Halwani Bros Co. | Food and Beverages | 66 | 87 | ↑ |
| Nama Chemicals Co. | Chemicals | 66 | 47 | ↓ |
| Northern Region Cement Company | Construction Materials | 66 | 56 | ↓ |
| Salama Cooperative Insurance Co. | Insurance | 66 | 64 | ↓ |
| Basic Chemical Industries Co | Chemicals | 72 | 109 | ↑ |
| Eastern Province Cement Co. | Construction Materials | 72 | 64 | ↓ |
| Jazan Energy and Development Co. | Food and Beverages | 72 | 100 | ↑ |
| Leejam Sports Co. | Hotels and Leisure | 72 | 87 | ↑ |
| Middle East Healthcare Co. | Health Care | 72 | 64 | ↓ |
| Qassim Cement Company | Construction Materials | 72 | 126 | ↑ |
| Al-Babtain Power and Telecommunication Company | Electrical Components and Equipment | 78 | 43 | ↓ |
| Southern Province Cement Co. | Construction Materials | 78 | 87 | ↑ |
| Zahrat Al Waha for Trading Co. | Containers & Packaging | 78 | 77 | ↓ |
| Al Hassan Ghazi Ibrahim Shaker | Retail | 81 | 64 | ↓ |
| Al Kathiri Holding Co. | Construction Materials | 81 | NA | NA |
| AXA Cooperative Insurance Company | Insurance | 81 | 77 | ↓ |
| Chubb Arabia Cooperative Insurance Company | Insurance | 81 | 77 | ↓ |
| Saudi Arabian Cooperative Insurance Company | Insurance | 81 | 70 | ↓ |
| The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company | Insurance | 81 | 92 | ↑ |
| United Cooperative Assurance Co | Insurance | 81 | 92 | ↑ |
| United International Transportation Co. | Transportation and Logistics | 81 | 100 | ↑ |
| Al-Ahsa Development Co. | Industrial Conglomerates | 89 | 109 | ↑ |
| Arabia Insurance Cooperative Company | Insurance | 89 | 100 | ↑ |
| Arabian Cement Co | Construction Materials | 89 | 109 | ↑ |
| Bank AlJazira | Banks | 89 | 83 | ↓ |
| Dallah Healthcare Company | Health Care | 89 | 92 | ↑ |
| Makkah Construction & Development Co. | Real Estate | 89 | 59 | ↓ |
| Saudi Industrial Development Co. | Consumer Durables | 89 | 70 | ↓ |
| Saudi Industrial Services Co. | Industrial Conglomerates | 89 | 70 | ↓ |
| Saudi Public Transport Co. | Transportation and Logistics | 89 | 70 | ↓ |
| Yanbu Cement Co. | Construction Materials | 89 | 83 | ↓ |
| Al Abdullatif Industrial Investment Company | Consumer Durables | 99 | 83 | ↓ |
| Amana Cooperative Insurance Co | Insurance | 99 | 109 | ↑ |
| Arabian Shield Cooperative Insurance Company | Insurance | 99 | 100 | ↑ |
| National Gas & Industrialization Co. | Utilities | 99 | 87 | ↓ |
| Saudi Company for Hardware | Retail | 99 | 100 | ↑ |
| Saudi Industrial Investment Group | Chemicals | 99 | 166 | ↑ |
| Al Hammadi Company For Development and Investment | Health Care | 105 | 144 | ↑ |
| Al-Ahlia Insurance Company | Insurance | 105 | 126 | ↑ |
| Aljazira Takaful Taawuni Company | Insurance | 105 | 83 | ↓ |
| Herfy Food Services Co. | Hotels and Leisure | 105 | 92 | ↓ |
| Mouwasat Medical Services Company | Health Care | 105 | 166 | ↑ |
| SABB Takaful | Insurance | 105 | 87 | ↓ |
| United Wire Factories Company | Electrical Components and Equipment | 105 | 133 | ↑ |
| Saudi Arabian Amiantit Co. | Industrial Conglomerates | 112 | 92 | ↓ |
| Saudi Chemical Company | Chemicals | 112 | 118 | ↑ |
| Saudi Re for Cooperative ReInsurance Company | Insurance | 112 | 100 | ↓ |
| Saudi Research and Marketing Group | Media and Publishing | 112 | 118 | ↑ |
| The National Co. for Glass Industries | Containers & Packaging | 112 | 77 | ↓ |
| Advanced Petrochemical Company | Chemicals | 117 | 100 | ↓ |
| Al Jouf Agricultural Development Co. | Food and Beverages | 117 | 138 | ↑ |
| Al-Etihad Cooperative Insurance Co. | Insurance | 117 | 109 | ↓ |
| Astra Industrial Group | Industrial Conglomerates | 117 | 70 | ↓ |
| Saudi Automotive Services Co. | Retail | 117 | 109 | ↓ |
| The Company for Cooperative Insurance | Insurance | 117 | 138 | ↑ |
| Umm Al-Qura Cement Company | Construction Materials | 117 | 118 | ↑ |
| Abdullah Al Othaim Markets Company | Retail | 124 | 92 | ↓ |
| Al Yamamah Steel Industries Co. | Metals and Mining | 124 | 133 | ↑ |
| Alandalus Property Co. | Real Estate | 124 | 144 | ↑ |
| Ash-Sharqiyah Development Company | Food and Beverages | 124 | 132 | ↑ |
| Bawan Company | Industrial Conglomerates | 124 | 138 | ↑ |
| Gulf Union Cooperative Insurance Company | Insurance | 124 | 126 | ↑ |
| Saudi Ceramic Co. | Construction Materials | 124 | 92 | ↓ |
| Wafrah For Industry And Development | Food and Beverages | 124 | 118 | ↓ |
| Al Sagr Co-operative Insurance Co | Insurance | 132 | 109 | ↓ |
| Arriyadh Development Co. | Real Estate | 132 | 109 | ↓ |
| Aseer Trading, Tourism & Manufacturing Co. | Diversified Financial Services | 132 | 100 | ↓ |
| Jabal Omar Development Company | Real Estate | 132 | 160 | ↑ |
| Maharah Human Resources Co. | Business Support Services | 132 | NA | |
| Saudi Advanced Industries Co. | Diversified Financial Services | 132 | 77 | ↓ |
| Wataniya Insurance Company | Insurance | 132 | 133 | ↑ |
| Allianz Saudi Fransi Cooperative Insurance Company | Insurance | 139 | 144 | ↑ |
| Knowledge Economic City | Real Estate | 139 | 118 | ↓ |
| Malath Cooperative Insurance and Reinsurance Company | Insurance | 139 | 118 | ↓ |
| Allied Cooperative Insurance Group | Insurance | 142 | 126 | ↓ |
| Batic Investments and Logistics Co. | Transportation and Logistics | 142 | 126 | ↓ |
| National Gypsum Company | Construction Materials | 142 | 126 | ↓ |
| National Metal Manufacturing and Casting Co. | Metals and Mining | 142 | 144 | ↑ |
| Saudi Printing & Packaging Company | Media and Publishing | 142 | 155 | ↑ |
| Tihama Advertising & Public Relations Co. | Media and Publishing | 142 | 109 | ↓ |
| Alinma Tokio Marine Co | Insurance | 148 | 133 | ↓ |
| Arabian Centres Co. | Real Estate | 148 | NA | NA |
| Dr. Sulaiman Al Habib Medical Services Group | Health Care | 148 | NA | NA |
| National Company for Learning and Education | Education | 148 | NA | NA |
| Saudi Enaya Cooperative Insurance Co | Insurance | 148 | 163 | ↑ |
| Solidarity Saudi Takaful Co | Insurance | 148 | 118 | ↓ |
| Tourism Enterprise Co. | Hotels and Leisure | 148 | 155 | ↑ |
| Al Jouf Cement Company | Construction Materials | 155 | 160 | ↑ |
| Emaar The Economic City | Real Estate | 155 | 138 | ↓ |
| Fawaz Abdulaziz AlHokair Company | Retail | 155 | 19 | ↓ |
| National Agriculture Marketing Co. | Retail | 155 | 133 | ↓ |
| Saudi Arabia Refineries Co. | Energy | 155 | 160 | ↑ |
| Saudi Fisheries Co. | Food and Beverages | 155 | 118 | ↓ |
| Saudi Industrial Export Co | Business Support Services | 155 | 144 | ↓ |
| Al Rajhi Company for Cooperative Insurance | Insurance | 162 | 144 | ↓ |
| Saudi Vitrified Clay Pipes Co. | Construction Materials | 162 | 138 | ↓ |
| Kingdom Holding Company | Diversified Financial Services | 164 | 155 | ↓ |
| Saudi Real Estate Co. | Real Estate | 164 | 151 | ↓ |
| Taiba Holding Co. | Real Estate | 164 | 151 | ↓ |
| Saudi Cable Company | Electrical Components and Equipment | 167 | 151 | ↓ |
| Al Moammar Information Systems Co. | Business Support Services | 168 | NA | NA |
| Al Alamiya for Cooperative Insurance Company | Insurance | 169 | 163 | ↓ |
| Al Gassim Investment Holding Co. | Food and Beverages | 169 | 163 | ↓ |
| Anaam International Holding Group CO. | Food and Beverages | 169 | 138 | ↓ |
| Etihad Atheeb Telecommunication Company | Telecommunication Services | 172 | 144 | ↓ |
| Al-Baha Investment & Development co | Diversified Financial Services | 173 | 155 | ↓ |
| Buruj Cooperative Insurance Company | Insurance | 173 | 151 | ↓ |
| National Medical Care Company | Health Care | 175 | 170 | ↓ |
| National Petrochemical Company | Chemicals | 176 | 155 | ↓ |
| Gulf General Cooperative Insurance Company | Insurance | 177 | 166 | ↓ |
| Ataa Educational Co. | Education | 178 | NA | NA |
| Thob Al Aseel Co. | Retail | 179 | NA | NA |
| Abdullah Saad Mohammed Abo Moati for Bookstores Co. | Retail | 180 | NA | NA |
| Raydan Food Co. | Retail | 181 | NA | NA |
* Based on Fiscal Year 2019
Qatar Stock Exchange
| Company | Sector | Rank 2019 | Rank 2018 | Trend |
|---|---|---|---|---|
| Qatar National Bank | Banks | 1 | 5 | ↑ |
| Doha Bank | Banks | 2 | 1 | ↓ |
| Woqod | Retail | 2 | 2 | ↔ |
| Nakilat | Transportation & Logistics | 4 | 4 | ↔ |
| Aamal Company Q.S.C. | Industrial Conglomerates | 5 | 7 | ↑ |
| Vodafone Qatar Q.S.C. | Telecommunication | 6 | 3 | ↓ |
| Ooredoo | Telecommunication | 7 | 6 | ↓ |
| Qatar Navigation (Milaha) | Transportation & Logistics | 8 | 21 | ↑ |
| Qatar General Ins & Re | Insurance | 9 | 16 | ↑ |
| Al Khalij Commercial Bank | Banks | 10 | 9 | ↓ |
| Gulf International Services | Energy | 11 | 12 | ↑ |
| Commercial Bank | Banks | 11 | 10 | ↓ |
| Qatar Oman Investment Company | Diversified Financial Services | 11 | 24 | ↑ |
| Medicare Group Q.S.C | Health Care | 14 | 31 | ↑ |
| Qatari Investors Group | Industrial Conglomerates | 15 | 7 | ↓ |
| Almeera Consumer Goods Company Q.S.C | Retail | 15 | 13 | ↓ |
| Salam International Investment Limited (SIIL) | Industrial Conglomerates | 15 | 31 | ↑ |
| Gulf Warehousing Company | Transportation and Logistics | 15 | 10 | ↓ |
| Dlala Brokerage and Investments Holding Company | Diversified Financial Services | 19 | 16 | ↓ |
| Mesaieed Petrochemical Holding Company Q.S.C. | Chemicals | 19 | 16 | ↓ |
| Masraf Al Rayan (Q.S.C.) | Banks | 19 | 14 | ↓ |
| United Development Company | Real Estate | 19 | 37 | ↑ |
| Qatar Industrial Manufacturing Company | Industrial Conglomerates | 23 | 14 | ↓ |
| Industries Qatar | Industrial Conglomerates | 23 | 16 | ↓ |
| Qatar Electricity and Water Company | Utilities | 23 | 31 | ↑ |
| Qatar First Bank | Banks | 23 | 41 | ↑ |
| Mannai Corporation (QSC) | Industrial Conglomerates | 27 | 21 | ↓ |
| Qatar International Islamic Bank | Banks | 27 | 24 | ↓ |
| Barwa Real Estate Company | Real Estate | 27 | 16 | ↓ |
| Ahli Bank | Banks | 30 | 31 | ↑ |
| Qatar Islamic Bank | Banks | 30 | 29 | ↓ |
| Qatar German Company for Medical Devices | Health Care | 30 | 21 | ↓ |
| Widam Food Company Q.S.C. - Mawashi | Food and Beverages | 30 | 43 | ↑ |
| Qatar Aluminium Manufacturing Company | Metals and Mining | 30 | NA | NA |
| Mazaya Qatar Real Estate Development | Real Estate | 35 | 24 | ↓ |
| Ezdan Holding Group | Real Estate | 35 | 31 | ↓ |
| Zad Holding Company | Industrial Conglomerates | 35 | 41 | ↑ |
| National Leasing Holding | Diversified Financial Services | 38 | 37 | ↓ |
| Qatar Islamic Insurance Company | Insurance | 38 | 37 | ↓ |
| Investment Holding Group | Construction & Engineering | 38 | 31 | ↓ |
| Doha Insurance Company | Insurance | 41 | 29 | ↓ |
| Inma Holding | Diversified Financial Services | 42 | 45 | ↑ |
| Qatar Insurance Company | Insurance | 42 | 37 | ↓ |
| Qatar National Cement Company | Construction Materials | 44 | 24 | ↓ |
| Qatar Cinema & Film Distribution Co | Hotels and Leisure | 45 | 24 | ↓ |
| Baladna | Food and Beverages | 46 | NA | NA |
| Al Khaleej Takaful Group | Insurance | 47 | 43 | ↓ |
* Based on Fiscal Year 2019
Bahrain Bourse
| Company | Sector | Rank 2019 | Rank 2018 | Trend |
|---|---|---|---|---|
| Aluminum Bahrain B.S.C | Metals & Mining | 1 | 1 | ↔ |
| National Bank of Bahrain | Banks | 2 | 22 | ↑ |
| Zain Bahrain | Telecommunication | 3 | 2 | ↓ |
| SICO BSC (C) | Diversified Financials | 4 | 13 | ↑ |
| APM Terminals Bahrain B.S.C. | Transportation & Logistics | 5 | NA | NA |
| Al-Ahli United Bank | Banks | 6 | 3 | ↓ |
| BMMI | Retail | 7 | 6 | ↓ |
| Al Baraka Banking Group | Banks | 8 | 4 | ↓ |
| Ithmaar Holding B.S.C. | Banks | 9 | 5 | ↓ |
| Investcorp Bank | Diversified Financials | 10 | 13 | ↑ |
| Arab Banking Corporation | Banks | 11 | 9 | ↓ |
| Bahrain Islamic Bank | Banks | 12 | 10 | ↓ |
| BBK | Banks | 13 | 8 | ↓ |
| Bahrain Telecommunications Company | Telecommunication | 13 | 11 | ↓ |
| Al Salam Bank - Bahrain B.S.C. | Banks | 15 | 7 | ↓ |
| Bahrain Flour Mills Company | Food and Beverages | 16 | 20 | ↑ |
| Seef Properties | Real Estate | 16 | 26 | ↑ |
| Bahrain Cinema Company | Hotels and Leisure | 18 | 32 | ↑ |
| Khaleeji Commercial Bank B.S.C | Banks | 19 | 19 | ↔ |
| Bahrain Kuwait Insurance Company | Insurance | 19 | 16 | ↓ |
| Inovest | Diversified Financials | 21 | 12 | ↓ |
| Bahrain Ship Repairing & Engineering Company | Construction & Engineering | 21 | 17 | ↓ |
| Nass Corporation | Construction & Engineering | 21 | 22 | ↑ |
| Solidarity Bahrain B.S.C | Insurance | 24 | 28 | ↑ |
| Bahrain Middle East Bank | Banks | 25 | 22 | ↓ |
| GFH Financial Group | Banks | 26 | 17 | ↓ |
| Bahrain Commercial Facilities Company | Diversified Financials | 27 | 27 | ↔ |
| Delmon Poultry Company | Food and Beverages | 27 | 32 | ↑ |
| Esterad Investment Company | Diversified Financials | 29 | 22 | ↓ |
| Gulf Hotel Group B.S.C | Hotels and Leisure | 30 | 15 | ↓ |
| Bahrain Family Leisure | Hotels and Leisure | 31 | 20 | ↓ |
| Arab Insurance Group | Insurance | 31 | 29 | ↓ |
| Bahrain Duty Free Complex | Retail | 31 | 30 | ↓ |
| Trafco Group | Food and Beverages | 31 | 30 | ↓ |
| National Hotels Company | Hotels and Leisure | 35 | 36 | ↑ |
| Bahrain Car Parks Company | Diversified Financials | 36 | 34 | ↓ |
| Bahrain National Holding Company | Insurance | 36 | 35 | ↓ |
| United Gulf Investment Corporation | Diversified Financials | 38 | 39 | ↑ |
| Banader Hotels Company BSC | Hotels and Leisure | 39 | 36 | ↓ |
| United Paper Industries B.S.C.(c) | Paper & Forest Products | 40 | 40 | ↔ |
| Takaful International Company | Insurance | 41 | 38 | ↓ |
* Based on Fiscal Year 2019
Boursa Kuwait
| Company | Sector | Rank 2019 | Rank 2018 | Trend |
|---|---|---|---|---|
| Zain Group | Telecommunication | 1 | 1 | ↔ |
| National Bank of Kuwait | Banks | 2 | 4 | ↑ |
| Agility | Transportation & Logistics | 3 | 2 | ↓ |
| Mabanee Company | Real Estate | 4 | 3 | ↓ |
| Ahli United Bank | Banks | 5 | 7 | ↑ |
| Kuwait Telecommunication Company | Telecommunication | 6 | 22 | ↑ |
| Ahli United Bank (K.S.C.P) | Banks | 7 | 11 | ↑ |
| Fujairah Cement Industries | Construction Materials | 8 | 8 | ↔ |
| Gulf Cement Company | Construction Materials | 9 | 5 | ↓ |
| Ithmaar Holding | Banks | 10 | 6 | ↓ |
| Sharjah Cement and Industrial Development Co. | Construction Materials | 10 | 11 | ↑ |
| United Projects for Aviation Services Company (K.S.C) | Business Support | 12 | 9 | ↓ |
| National Mobile Telecommunications Co. (K.S.C) | Telecommunication | 13 | 9 | ↓ |
| Kuwait Finance House | Banks | 14 | 13 | ↓ |
| Kuwait Financial Centre (K.P.S.C) | Diversified Financials | 15 | 17 | ↑ |
| Ras Al Khaimah Co. For White Cement & Construction Materials | Construction Materials | 16 | 16 | ↔ |
| National Petroleum Services Company (K.S.C.) | Energy | 16 | 14 | ↓ |
| Oula Fuel Marketing Company (K.S.C) | Retail | 18 | 22 | ↑ |
| Al Ahli Bank of Kuwait (K.S.C.) | Banks | 19 | 14 | ↓ |
| Kuwait & Middle East Financial Investment Co. (K.S.C) | Diversified Financial Services | 19 | 25 | ↑ |
| Gulf Bank of Kuwait (K.S.C.) | Banks | 21 | 41 | ↑ |
| Kuwait International Bank (K.S.C.) | Banks | 21 | 20 | ↓ |
| Soor Fuel Marketing Company (K.S.C) | Retail | 21 | 22 | ↑ |
| GFH Financial Group | Banks | 24 | 30 | ↑ |
| Gulf Insurance Group (K.S.C.) | Insurance | 25 | 34 | ↑ |
| Bahrain Kuwait Insurance Co | Insurance | 25 | NA | NA |
| Umm Al-Qaiwain General Investments Co. (P.S.C.) | Diversified Financial Services | 27 | 18 | ↓ |
| Burgan Bank (S.A.K.) | Banks | 28 | 20 | ↓ |
| Kuwait Cement Company (K.P.S.C.) | Construction Materials | 28 | 25 | ↓ |
| Mezzan Holding Co. (K.S.C.C) | Food and Beverages | 30 | 30 | ↔ |
| Al Mazaya Holding Co. | Real Estate | 31 | 19 | ↓ |
| Commercial Bank of Kuwait | Banks | 32 | 33 | ↑ |
| Inovest (B.S.C) | Diversified Financial Services | 32 | 27 | ↓ |
| Salhia Real Estate (K.S.C) | Real Estate | 32 | 43 | ↑ |
| Al-Kout Industrial Projects Co. (K.S.C) | Chemicals | 35 | 75 | ↑ |
| Kuwait Projects Company (Holding) (K.S.C.) | Diversified Financial Services | 35 | 53 | ↑ |
| Aayan Real Estate Company (S.A.K) | Real Estate | 35 | 37 | ↑ |
| Commercial Facilities Co. (S.A.K) | Diversified Financial Services | 38 | 58 | ↑ |
| Acico Industries Company (K.S.C) | Industrial Conglomerates | 38 | 42 | ↑ |
| Jazeera Airways Company | Transportation and Logistics | 38 | 122 | ↑ |
| National International Holding Company (K.S.C) | Diversified Financial Services | 38 | 30 | ↓ |
| First Takaful Insurance Company (K.C.S) | Insurance | 38 | 65 | ↑ |
| A'ayan Leasing & Investment Company (K.S.C) | Diversified Financial Services | 43 | 53 | ↑ |
| The Kuwait Company for Process Plant Construction and Contracting (S.A.K) | Construction & Engineering | 43 | 43 | ↔ |
| Kuwait Hotels Company K.S.C.P. | Hotels and Leisure | 43 | NA | NA |
| Warba Bank (K.S.C.) | Banks | 46 | 37 | ↓ |
| Alargan International Real Estate Co. (K.S.C) | Real Estate | 46 | 34 | ↓ |
| HumanSoft Holding Co. (K.S.C) | Business Support Services | 48 | 96 | ↑ |
| Arzan Financial Group for Financing and Investment K.S.E | Diversified Financial Services | 48 | 37 | ↓ |
| Gulf Investment House (K.S.C) | Diversified Financial Services | 48 | 58 | ↑ |
| Boubyan Bank (K.S.C.) | Banks | 51 | 34 | ↓ |
| Al Imtiaz Investment Group (K.S.C.) | Diversified Financial Services | 51 | 53 | ↑ |
| Livestock Transport & Trading Company (K.S.C.) | Food and Beverages | 51 | 65 | ↑ |
| Yiaco Medical Company (K.S.C) | Retail | 51 | 49 | ↓ |
| Kuwait Real Estate Company (K.S.C.) | Real Estate | 51 | 65 | ↑ |
| Kuwait & Gulf Link Transport Company (K.S.C) | Transportation and Logistics | 51 | 27 | ↓ |
| Metal & Recycling Co. (K.S.C.) | Business Support Services | 51 | NA | NA |
| Combined Group Contracting Co. (S.A.K) | Construction & Engineering | 58 | 87 | ↑ |
| Noor Financial Investment Company (K.S.C) | Diversified Financial Services | 58 | 49 | ↓ |
| Kuwait Insurance Company (S.A.K.) | Insurance | 60 | 43 | ↓ |
| Ajial Real Estate Entertainment Company (K.S.C) | Real Estate | 60 | 83 | ↑ |
| Automated Systems Company (K.P.S.C) | Business Support Services | 60 | 94 | ↑ |
| United Real Estate Company (K.S.C) | Real Estate | 63 | 87 | ↑ |
| Tijara & Real Estate Investment Co. (K.S.C) | Real Estate | 63 | 43 | ↓ |
| National Cleaning Co. (S.A.K) | Utilities | 63 | 53 | ↓ |
| The Commercial Real Estate Co. (K.S.C) | Real Estate | 66 | 27 | ↓ |
| KGL Logistics Company | Transportation and Logistics | 66 | 43 | ↓ |
| Kuwait Finance & Investment Company (K.S.C) | Diversified Financial Services | 66 | 49 | ↓ |
| Mubarrad Holding Co. | Transportation and Logistics | 66 | 65 | ↓ |
| Al Ahleia Insurance Co. (S.A.K.) | Insurance | 70 | 65 | ↓ |
| National Investments Company (K.S.C.) | Diversified Financial Services | 70 | 96 | ↑ |
| Munshaat Real Estate Projects Co. (K.S.C) | Real Estate | 70 | 65 | ↓ |
| Almadar Finance and Investment (K.S.C) | Diversified Financial Services | 70 | 53 | ↓ |
| Tamdeen Real Estate Company (K.S.C) | Real Estate | 74 | 58 | ↓ |
| Qurain Petrochemical Industries Company (K.S.C) | Industrial Conglomerates | 74 | 75 | ↑ |
| Injazzat Real Estate Development Co. (K.S.C) | Real Estate | 76 | 43 | ↓ |
| Real Estate Asset Management Company (K.S.C) | Real Estate | 76 | 75 | ↓ |
| First Dubai for Real Estate Development Co. (K.S.C.P) | Real Estate | 76 | 65 | ↓ |
| KAMCO Investment Company K.S.C (Public) | Diversified Financial Services | 76 | 37 | ↓ |
| AMAR FOR FINANCE AND LEASING CO. | Diversified Financial Services | 76 | 87 | ↑ |
| Kuwait Investment Company (S.A.K.) | Diversified Financial Services | 81 | 61 | ↓ |
| Alrai Media Group Company (K.S.C) | Media and Publishing | 81 | 102 | ↑ |
| Al Aman Investment Company | Diversified Financial Services | 81 | 61 | ↓ |
| International Financial Advisers (K.S.C) | Diversified Financial Services | 84 | 79 | ↓ |
| First Investment Company (K.S.C) | Diversified Financial Services | 85 | 79 | ↓ |
| Independent Petroleum Group (K.S.C.P) | Energy | 85 | 72 | ↓ |
| Boubyan Petrochemical Company (K.S.C) | Industrial Conglomerates | 85 | 79 | ↓ |
| Amwal International Investment CO. (K.S.C) | Diversified Financial Services | 85 | 73 | ↓ |
| Al Bareeq Holding | Diversified Financial Services | 85 | 61 | ↓ |
| Advanced Technology Company | Retail | 90 | 61 | ↓ |
| National Real Estate Company K.S.C | Real Estate | 90 | 49 | ↓ |
| Senergy Holding Company (K.S.C.P) | Energy | 92 | 75 | ↓ |
| Al Masaken International Real Estate Development | Real Estate | 92 | 73 | ↓ |
| IFA Hotels and Resorts Co. (K.P.S.C) | Hotels and Leisure | 94 | 116 | ↑ |
| Osoul Investment CO. (K.S.C) | Diversified Financial Services | 94 | 79 | ↓ |
| Egypt Kuwait Holding Co. (S.A.E.) | Diversified Financial Services | 96 | 110 | ↑ |
| Sokouk Holding Co. (S.A.K) | Diversified Financial Services | 96 | 110 | ↑ |
| Privatization Holding Company (K.S.C.) | Diversified Financial Services | 96 | 96 | ↔ |
| Future Kid Entertainment and Real Estate Co. (K.S.C) | Hotels and Leisure | 96 | 83 | ↓ |
| Aqar Real Estate Investments Company (S.A.K) | Real Estate | 96 | 92 | ↓ |
| Warba Insurance Company (K.S.C.P) | Insurance | 96 | 83 | ↓ |
| Burgan Company for Well Drilling, Trading & Maintenance | Energy | 102 | 106 | ↑ |
| Gulf North Africa Holding Company (K.S.C) | Diversified Financial Services | 102 | 92 | ↓ |
| Al-Arabiya Real Estate Co. (K.S.C) | Real Estate | 102 | 87 | ↓ |
| National Industries Company (K.S.C.) | Construction Materials | 105 | 106 | ↑ |
| Coast Investment & Development Company (K.S.C) | Diversified Financial Services | 105 | 102 | ↓ |
| Tamdeen Investment Co. (K.S.C.) | Diversified Financial Services | 105 | 96 | ↓ |
| Real Estate Trade Centers Co. (K.S.C) | Real Estate | 105 | 95 | ↓ |
| AAN Digital Services Co. | Telecommunication | 109 | 130 | ↑ |
| Mashaer Holding Company | Diversified Financial Services | 110 | 142 | ↑ |
| Manazel Holding | Diversified Financial Services | 110 | 133 | ↑ |
| Kuwait National Cinema Co. (K.P.S.C.) | Hotels and Leisure | 112 | 101 | ↓ |
| International Resorts Company (K.S.C) | Real Estate | 112 | 96 | ↓ |
| Gulf Cable & Electrical Industrial Co. | Electrical Components and Equipment | 112 | 102 | ↓ |
| Osos Holding Group Company (K.S.C) | Diversified Financial Services | 115 | 115 | ↔ |
| Al-Deera Holding Company (K.P.S.C) | Diversified Financial Services | 116 | 124 | ↑ |
| Sanam Real Estate Co. (K.S.C) | Real Estate | 116 | 116 | ↔ |
| Kuwait Foundry Co. (S.A.K) | Metals and Mining | 116 | 106 | ↓ |
| Tamkeen Holding Co. (K.S.C) | Industrial Conglomerates | 116 | NA | NA |
| Sultan Center Food Products Co. (K.S.C) | Retail | 120 | 110 | ↓ |
| Jiyad Holding Company (K.S.C.Holding) | Diversified Financial Services | 120 | 133 | ↑ |
| Al-Enma'a Real Estate Co. (K.S.C) | Real Estate | 120 | 83 | ↓ |
| The Energy House Holding Company (K.S.C) | Diversified Financial Services | 123 | 116 | ↓ |
| Danah Al Safat Foodstuff Company (K.S.C.) | Food and Beverages | 123 | 106 | ↓ |
| Wethaq Takaful Insurance Company (K.C.S) | Insurance | 123 | 113 | ↓ |
| Salbookh Trading Co. (K.S.C) | Construction Materials | 123 | 159 | ↑ |
| Kuwait Portland Cement Company (K.S.C) | Construction Materials | 127 | 124 | ↓ |
| National Industries Group Holding (S.A.K.) | Industrial Conglomerates | 127 | 122 | ↓ |
| Aviation Lease and Finance Company | Transportation and Logistics | 127 | 113 | ↓ |
| Shuaiba Industrial Company (K.P.S.C.) | Containers & Packaging | 127 | 121 | ↓ |
| Kuwait Real Estate Holding Company (K.S.H) | Real Estate | 131 | 87 | ↓ |
| Integrated Holding Company | Diversified Financial Services | 131 | 116 | ↓ |
| Bayan Investment CO. (K.S.C.P) | Diversified Financial Services | 133 | 139 | ↑ |
| Al-Manar Financing & Leasing Company | Diversified Financial Services | 133 | NA | NA |
| Kuwait Cable Vision | Business Support Services | 135 | NA | NA |
| Arkan Al-Kuwait Real Estate Co. (K.S.C) | Real Estate | 136 | 102 | ↓ |
| Dalaqan Real Estate Co. (K.S.C) | Real Estate | 136 | NA | NA |
| Mena Real Estate Company (K.S.C) | Real Estate | 138 | 126 | ↓ |
| Al-Massaleh Real Estate Company (K.S.C) | Real Estate | 139 | 126 | ↓ |
| Heavy Engineering Industries & Shipbuilding Company (K.S.C.) | Energy | 140 | 128 | ↓ |
| Taameer Real Estate Investment Co. (K.S.C) | Real Estate | 140 | 128 | ↓ |
| Kuwait Reinsurance Company (K.S.P.C) | Insurance | 142 | 139 | ↓ |
| The Securities House (K.S.C) | Diversified Financial Services | 142 | 133 | ↓ |
| Hayat Communications Company | Telecommunication | 142 | NA | NA |
| Asiya Capital Investments Company (K.S.C.P) | Diversified Financial Services | 145 | 139 | ↓ |
| Kuwait Business Town Real Estate Co. (K.S.C) | Real Estate | 145 | 131 | ↓ |
| Al-Mal Investment Company (K.S.C) | Diversified Financial Services | 145 | 131 | ↓ |
| Abyaar Real Estate Development Co. (K.S.C) | Real Estate | 148 | 133 | ↓ |
| Gulf Petroleum Investment (S.A.K) | Energy | 148 | 148 | ↔ |
| Kuwait Resorts Company (K.S.C) | Hotels and Leisure | 150 | 133 | ↓ |
| Kuwait Syrian Holding Company (K.S.C. Holding) | Diversified Financial Services | 151 | 148 | ↓ |
| Al-Salam Group Holding CO. (K.S.C) | Diversified Financial Services | 151 | 152 | ↑ |
| Equipment Holding Co. (K.S.C) | Retail | 151 | 142 | ↓ |
| Ektettab Holding Co. (S.A.K) | Diversified Financial Services | 154 | 145 | ↓ |
| Specialities Group Holding Co. (K.S.C) | Construction & Engineering | 154 | 145 | ↓ |
| National Shooting Company (K.S.C) | Hotels and Leisure | 154 | 142 | ↓ |
| Credit Rating & Collection (K.S.C) | Diversified Financial Services | 157 | 152 | ↓ |
| Investors Holding Group Company (K.S.C) | Real Estate | 157 | 148 | ↓ |
| Al-Madina For Finance and Investment Co. (S.A.K) | Diversified Financial Services | 157 | 148 | ↓ |
| Arabi Holding Group CO. (K.S.C) | Industrial Conglomerates | 157 | 133 | ↓ |
| Educational Holding Group (S.A.K) | Education | 161 | 152 | ↓ |
| Kuwait Remal Real Estate Company (K.S.C) | Real Estate | 161 | 152 | ↓ |
| Hilal Cement Company (K.S.C) | Construction Materials | 161 | 152 | ↓ |
| DAR AL THURAYA REAL ESTATE CO. | Real Estate | 161 | 152 | ↓ |
| Warba Capital Holding Co (K.S.C) | Diversified Financial Services | 165 | 158 | ↓ |
| UniCap investment and Finance | Diversified Financial Services | 165 | 145 | ↓ |
| National Consumer Holding Co. | Industrial Conglomerates | 167 | NA | NA |
| Al Mudon Intl. Real Estate Co. | Real Estate | 168 | 160 | ↓ |
| Gulf Franchising Holding Co. (K.S.C) | Diversified Financial Services | 168 | NA | NA |
| Ajwan Gulf Real Estate Co. | Real Estate | 170 | 116 | ↓ |
| Palms Agro Production Co. | Food and Beverages | 171 | NA | NA |
| Al-Maidan Dental Clinic Co. | Health Care | 172 | NA | NA |
* Based on Fiscal Year 2019
Muscat Securities Market
| Company | Sector | Rank 2019 | Rank 2018 | Trend |
|---|---|---|---|---|
| Renaissance Services SAOG | Business Support | 1 | NA | NA |
| Bank Muscat | Banks | 2 | 1 | ↓ |
| Oman Telecommunications | Telecommunication | 3 | 2 | ↓ |
| Shell Oman Marketing Co. | Energy | 4 | 4 | ↔ |
| Omani Qatari Telecom. | Telecommunication | 5 | 8 | ↑ |
| HSBC Bank Oman | Banks | 6 | 7 | ↑ |
| Oman Cables Industry | Electrical Components | 7 | 5 | ↓ |
| Sohar International Bank | Banks | 8 | 6 | ↓ |
| National Bank of Oman | Banks | 9 | 3 | ↓ |
| Bank Dhofar | Banks | 10 | 9 | ↓ |
| Oman Cement | Construction Materials | 11 | 15 | ↑ |
| Voltamp Energy | Electrical Components | 11 | 11 | ↔ |
| Raysut Cement | Construction Materials | 13 | 9 | ↓ |
| Oman Investment and Finance Company | Business Support Services | 14 | 22 | ↑ |
| Al Maha Petroleum Products Marketing Company | Retail | 14 | 12 | ↓ |
| Oman United Insurance Company | Insurance | 16 | 13 | ↓ |
| National Gas | Energy | 17 | 16 | ↓ |
| Al Jazeera Steel Products | Metals and Mining | 17 | 16 | ↓ |
| A’Sharqiya Investment Holding Co. | Diversified Financial Services | 19 | 14 | ↓ |
| Almaha Ceramics | Construction Materials | 20 | 19 | ↓ |
| Taageer Finance Company | Diversified Financial Services | 21 | 21 | ↔ |
| Al Madina Takaful | Insurance | 22 | 20 | ↓ |
| Al Madina Investment | Diversified Financial Services | 23 | 25 | ↑ |
| Al Anwar Holdings SAOG | Insurance | 24 | 16 | ↓ |
| Al Jazeira Services | Hotels and Leisure | 25 | 24 | ↓ |
| Al Anwar Ceramic Tiles | Construction Materials | 26 | 23 | ↓ |
| Oman Flour Mills | Food and Beverages | 26 | 26 | ↔ |
| Ominvest | Diversified Financial Services | 28 | 27 | ↓ |
| Al Omaniya Financial Services | Diversified Financial Services | 28 | NA | NA |
* Based on Fiscal Year 2019
Amman Stock Exchange
| Rank | Company | Sector |
|---|---|---|
| 1 | Arab Bank | Banks |
| 2 | Jordan Islamic Bank | Banks |
| 3 | Jordan Ahli Bank | Banks |
| 4 | Arab Banking Corporation | Banks |
| 5 | Cairo Amman Bank | Banks |
| 6 | Jordan Petroleum Refinery Company LTD | Energy |
| 7 | The Housing Bank for Trade and Finance | Banks |
| 8 | Bank of Jordan | Banks |
| 9 | Jordan Kuwait Bank | Banks |
| 10 | Jordan Commercial Bank | Banks |
| 11 | Bank Al Etihad | Banks |
| 12 | Societe Generale de Banque Jordanie | Banks |
| 13 | The Arab Potash | Metals and Mining |
| 14 | Safwa Islamic Bank | Banks |
| 15 | Investbank | Banks |
| 16 | Capital Bank | Banks |
| 17 | Arab Jordan Investment Bank | Banks |
| 18 | Irbid District Electricity | Utilities |
| 19 | Jordan Electric Power | Utilities |
| 20 | The Arab International for Education & Investment | Education |
| 21 | Northern Cement Co. | Construction Materials |
| 22 | Jordan Telecom | Telecommunication |
| 23 | Afaq for Energy Co PLC | Energy |
| 24 | Al-Nisr Al-Arabi Insurance | Insurance |
| 25 | Ready Mix Concrete and Construction Supplies | Construction Materials |
| 26 | Zarqa Educational & Investment Co. | Education |
| 27 | Rum Group for Transportation & Tourism Investment | Transportation and Logistics |
| 28 | Masafat Specialized Transport | Transportation and Logistics |
| 29 | Jordan Insurance Company | Insurance |
| 30 | The Arab Pesticides & Veterinary Drugs mfg. Co. | Chemicals |
| 31 | First Finance | Diversified Financial Services |
| 32 | Arab International Hotels | Hotels and Leisure |
| 33 | The Jordan Worsted Mills | Retail |
| 34 | Al-Isra for Education and Investment | Education |
| 35 | Petra Education Company | Education |
| 36 | Jordan National Shipping Lines | Transportation and Logistics |
| 37 | Dar Al Dawa Development and Investment Co. | Health Care |
| 38 | Arab Life & Accident Insurance | Insurance |
| 39 | Al Dawliyah for Hotels and Malls | Hotels and Leisure |
| 40 | Jordanian Duty Free Shops | Retail |
| 41 | Philadelphia International Educational Investment Company | Education |
| 42 | Arab Aluminium Industry | Metals and Mining |
| 43 | Middle East Insurance | Insurance |
| 44 | Arabia Insurance Company - Jordan | Insurance |
| 45 | Jordan International Insurance | Insurance |
| 46 | The Islamic Insurance | Insurance |
| 47 | Solidarity - First Insurance | Insurance |
| 48 | Jordan Hotels & Tourism Company | Hotels and Leisure |
| 49 | Ittihad Schools | Education |
| 50 | Al-Bilad Medical Services Company | Health Care |
| 51 | Ibn Alhaytham Hospital Company | Health Care |
| 52 | Hayat Pharmaceutical Industries Company | Health Care |
| 53 | Jerusalem Insurance | Insurance |
| 54 | The United Insurance | Insurance |
| 55 | The Arab Financial Investment Company | Diversified Financial Services |
| 56 | United Financial Investments | Diversified Financial Services |
| 57 | Al-Sharq Investment Projects | Hotels and Leisure |
| 58 | Universal Modern Industries | Food and Beverages |
| 59 | Philadelphia Pharmaceuticals | Health Care |
| 60 | National Insurance | Insurance |
| 61 | Century Investment Group | Diversified Financial Services |
| 62 | General Investment | Food and Beverages |
| 63 | Al-Eqbal Investment Company | Tobacco |
| 64 | Al-Amal Financial Investments | Diversified Financial Services |
| 65 | Jordan Express Tourist Transport | Transportation and Logistics |
| 66 | National Aluminum Industrial | Metals and Mining |
| 67 | The Arab International Food Factories | Food and Beverages |
| 68 | The Real Estate & Investment Portfolio Co. | Real Estate |
| 69 | Contempro for Housing Projects | Real Estate |
* Based on Fiscal Year 2018
Beirut Stock Exchange
| Rank | Company | Sector |
|---|---|---|
| 1 | Bank Audi | Banks |
| 2 | BLOM Bank | Banks |
| 3 | Holcim Liban | Construction Materials |
| 4 | Bank of Beirut | Banks |
| 5 | BLC Bank | Banks |
| 6 | Banque BEMO | Banks |
| 7 | Byblos Bank | Banks |
| 8 | Solidere | Real Estate |
| 9 | Rasamny Younis Motor Company | Retail |
| 10 | S. L. des Ciments Blancs | Construction Materials |
* Based on Fiscal Year 2018
Palestine Exchange
| Rank | Company | Sector |
|---|---|---|
| 1 | The National Bank | Banks |
| 2 | Arab Islamic Bank | Banks |
| 3 | Palestine Securities Exchange | Diversified Financial Services |
| 4 | Bank of Palestine | Banks |
| 5 | AL-Quds Bank for Development & Investment | Banks |
| 6 | Palestine Industrial Investment Company | Industrial Conglomerates |
| 7 | Palestine Telecommunication Co | Telecommunication Services |
| 8 | Beit Jala Pharmaceutical Company | Health Care |
| 9 | Palestine Islamic Bank | Banks |
| 10 | National Insurance Co | Insurance |
| 11 | Jerusalem Pharmaceutical Co | Health Care |
| 12 | Wataniya Mobile | Telecommunication Services |
| 13 | Al-Shark Electrode Company | Electrical Components and Equipment |
| 14 | The National Carton Industry | Containers & Packaging |
| 15 | Trust International Insurance Co. | Insurance |
| 16 | Ahliea Insurance Group | Insurance |
| 17 | Al Mashriq Insurance Co | Insurance |
| 18 | Arab Company for Paints Products | Chemicals |
| 19 | Nablus Surgical Center | Health Care |
| 20 | National Aluminium and Profile | Metals and Mining |
| 21 | Palestine Poultry Company | Food and Beverages |
| 22 | Union Construction and Investment | Real Estate |
| 23 | Arab Hotels Co. | Hotels and Leisure |
| 24 | Arab Palestinian Investment Company | Industrial Conglomerates |
| 25 | Birzeit Pharmaceutical Company | Health Care |
| 26 | Dar Al-Shifa Pharmaceuticals | Health Care |
| 27 | Golden Wheat Mills Co. | Food and Beverages |
| 28 | Palestine Investment Bank | Banks |
| 29 | Al-Takaful Palestinian Insurance | Insurance |
| 30 | Palestine Development & Investment Co. | Diversified Financial Services |
| 31 | Palestine Insurance Company | Insurance |
| 32 | Palestine Plastic Industries Co. | Containers & Packaging |
| 33 | Al-Wataniah Towers | Real Estate |
| 34 | Global United Insurance Company | Insurance |
| 35 | Sanad Construction Resources | Construction Materials |
| 36 | The Vegetable Oil Industries Company | Food and Beverages |
| 37 | Arab Real Estate Establishment Co | Real Estate |
| 38 | Palestine Real Estate Investment Co | Real Estate |
| 39 | Globalcom Telecommunications Plc | Telecommunication Services |
| 40 | Jerusalem Real Estate Investment Co | Real Estate |
| 41 | PalAqar for Real Estate Development & Management | Real Estate |
| 42 | Palestinian Company for Distribution & Logistic Services | Transportation and Logistics |
| 43 | Arab Investors Public | Diversified Financial Services |
| 44 | Jerusalem Cigarette Co | Tobacco |
| 45 | Palestine Electric Company | Utilities |
| 46 | Palestine Investment and Development Co | Industrial Conglomerates |
| 47 | The Ramallah Summer Resorts Company | Hotels and Leisure |
| 48 | Al-Aqariya Trading Investment | Real Estate |
| 49 | TEST | SECTOR |
| 50 | The Saudi British Bank ESG Report 2018 | test |
* Based on Fiscal Year 2018
MANAGEMENT TEAM
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.
CONTACT US
info@esginvest.com