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.

ESG Ranking

Updated ESG rankings available through our client portal - Access details to be updated soon.


CompanySectorRank Year 2023
Saudi Telecom Co.Telecommunication1
Almarai CompanyFood and Beverages2
Saudi Arabian Oil Co.Energy3
Saudi Electricity CompanyUtilities3
Saudi Basic Industries Corp.Chemicals5
Mobile Telecommunications Company Saudi Arabia (Zain KSA)Telecommunication5
The National Shipping Co. of Saudi ArabiaEnergy7
Saudi Arabian Mining Company (Ma'aden)Metals and Mining8
Saudi Awwal BankBanks9
The Saudi Investment BankBanks9
Sahara International Petrochemical CoChemicals11
Middle East Paper CompanyContainers & Packaging11
Riyad BankBanks13
Red Sea International Co.Real Estate13
Saudi Reinsurance Co.Insurance15
National Industrialization CompanyChemicals16
Etihad Etisalat Co. (Mobily)Telecommunication16
Sustained Infrastructure Holding Company Industrial Conglomerates18
National Industrialization Co.Chemicals19
Advanced Petrochemical CompanyChemicals20
Jarir Marketing CoRetail20
Al Rajhi BankBanks22
Bank AlbiladBanks22
Saudia Dairy & Foodstuff Co.Food and Beverages22
The Saudi National BankBanks25
Alinma BankBanks26
Rabigh Refining and Petrochemical CoEnergy26
Banque Saudi FransiBanks28
Saudi Airlines Catering CompanyBusiness Support28
Arabian Internet and Communications Services Co.Business Support28
ADES HoldingEnergy28
Acwa Power Utilities32
Saudi Tadawul Group Holding CompanyDiversified Financial33
Savola GroupFood and Beverages33
Cenomi CentersReal Estate33
The Company for Cooperative InsuranceInsurance36
Arabian Drilling Co.Energy37
Arabian Contracting Services Co.Media and Publishing37
Elm Co.Software37
Dr. Sulaiman Al Habib Medical Services GroupHealth Care40
Bawan CompanyIndustrial Conglomerates41
Bupa Arabia for Cooperative InsuranceInsurance41
Maharah Human Resources Co.Business Support43
Al-Babtain Power and Telecommunication CompanyElectrical Components43
East Pipes Integrated Company for IndustryConstruction Materials45
Dar Alarkan Real Estate Development Co.Real Estate45
The Power and Water Utility Company for Jubail and YanbuUtilities45
Nama Chemicals Co.Chemicals48
Almasane Alkobra Mining Co.Metals and Mining48
Leejam Sports Co.Hotels and Leisure50
Walaa Cooperative Insurance CompanyInsurance50
Saudi Steel Pipe CompanyMetals and Mining50
Zamil Industrial Investment CoConstruction & Engineering53
Arabian Cement CoConstruction Materials53
Takween Advanced IndustriesContainers & Packaging53
Tanmiah Food Co.Food and Beverages53
United International Transportation Co.Transportation and Logistics53
Saudi Public Transport Co.Transportation and Logistics53
Methanol Chemicals CompanyChemicals59
Yanbu Cement Co.Construction Materials59
Najran Cement CompanyConstruction Materials59
Hail Cement CompanyConstruction Materials59
Filling and Packing Materials Manufacturing Co.Containers & Packaging59
National Agriculture Development Co.Food and Beverages59
Retal Urban Development Co.Real Estate59
Fitaihi Holding GroupRetail59
Bank AlJaziraBanks67
Alkhaleej Training and Education CompanyBusiness Support67
Al Moammar Information Systems Co.Business Support67
Perfect Presentation for Commercial Services Co.Business Support67
Yanbu National Petrochemical CompanyChemicals67
Tabuk Cement Co.Construction Materials67
Naseej International Trading CompanyConsumer Durables67
Electrical Industries CompanyElectrical Components and Equipment67
Middle East Specialized Cables CoElectrical Components and Equipment67
Americana Restaurants International PLCFood and Beverages67
Alandalus Property Co.Real Estate67
Lazurde Company for JewelryRetail67
Arab National BankBanks79
SABIC Agri-Nutrients Co.Chemicals79
Saudi Kayan Petrochemical CompanyChemicals79
Saudi Cement CompanyConstruction Materials79
Aldrees Petroleum and Transport Services CompanyEnergy79
Tabuk Agriculture Development Co.Food and Beverages79
Saudi Pharmaceutical Indust.& Med. Appliances Corp.Health Care79
National Medical Care CompanyHealth Care79
Saudi Paper Manufacturing Co.Paper & Forest Products79
Saudi Automotive Services Co.Retail79
Saudi Ground Services Co.Transportation and Logistics79
Seera Group HoldingTravel and Tourism79
Saudi Aramco Base Oil Co.Utilities79
City Cement CompanyConstruction Materials92
Al Alamiya for Cooperative Insurance CompanyInsurance92
Arabian Pipes CompanyMetals and Mining92
Yamama Cement CompanyConstruction Materials95
Riyadh Cables Group Co.Electrical Components95
Abdulmohsen Alhokair Group for Tourism and DevelopmentHotels and Leisure95
Salama Cooperative Insurance Co.Insurance95
Abdullah Al Othaim Markets CompanyRetail95
United Electronics CompanyRetail95
Theeb Rent a Car Co.Business Support101
Lumi Rental Co.Business Support101
Qassim Cement CompanyConstruction Materials101
Al Kathiri Holding Co.Construction Materials101
Aseer Trading, Tourism & Manufacturing Co.Diversified Financial101
Nayifat Finance Co.Diversified Financial 101
Saudi Fisheries Co.Food and Beverages101
Wafrah For Industry And DevelopmentFood and Beverages101
Mouwasat Medical Services CompanyHealth Care101
Herfy Food Services Co.Hotels and Leisure101
Wataniya Insurance CompanyInsurance101
Malath Cooperative Insurance and Reinsurance CompanyInsurance101
Saudi Arabian Cooperative Insurance CompanyInsurance101
Saudi Marketing CompanyRetail101
Batic Investments and Logistics Co.Transportation and Logistics101
Basic Chemical Industries CoChemicals116
Umm Al-Qura Cement CompanyConstruction Materials116
Al Jouf Cement CompanyConstruction Materials116
Al Abdullatif Industrial Investment CompanyConsumer Durables116
Dallah Healthcare CompanyHealth Care116
Gulf Union Al Ahlia Cooperative InsuranceInsurance116
Emaar The Economic CityReal Estate116
Aldawaa Medical Services Co. Retail116
Saudi Chemical CompanyChemicals124
Alujain Holding CorporationChemicals124
Eastern Province Cement Co.Construction Materials124
Halwani Bros Co.Food and Beverages124
Al Hammadi Company For Development and InvestmentHealth Care124
Gulf Insurance GroupInsurance124
Chubb Arabia Cooperative Insurance CompanyInsurance124
Al-Etihad Cooperative Insurance Co.Insurance124
Knowledge Economic CityReal Estate124
Saudi Company for HardwareRetail124
National Gas & Industrialization Co.Utilities124
Saudi Industrial Investment GroupChemicals135
Southern Province Cement Co.Construction Materials135
Northern Region Cement CompanyConstruction Materials135
Saudi Industrial Development Co.Consumer Durables135
Zahrat Al Waha for Trading Co.Containers & Packaging135
Anaam International Holding Group CO.Diversified Financial135
United Wire Factories CompanyElectrical Components135
Naqi Water Co.Food and Beverages135
Middle East Healthcare Co.Health Care135
Saudi Arabian Amiantit Co.Industrial Conglomerates135
BinDawood Holding Co.Industrial Conglomerates135
The Mediterranean and Gulf Cooperative Insurance and Reinsurance Company Insurance135
Saudi Enaya Cooperative Insurance CoInsurance135
United Cooperative Assurance CoInsurance135
Al Sagr Co-operative Insurance CoInsurance135
Arabian Shield Cooperative Insurance CompanyInsurance135
Allied Cooperative Insurance GroupInsurance135
National Metal Manufacturing and Casting Co.Metals and Mining135
Al Hassan Ghazi Ibrahim ShakerRetail135
Saudi Industrial Export CoBusiness Support154
Saudi Ceramic Co.Construction Materials154
The National Co. for Glass IndustriesContainers & Packaging154
National Company for Learning and EducationEducation154
Al Jouf Agricultural Development Co.Food and Beverages154
Jazan Energy and Development Co.Food and Beverages154
Ash-Sharqiyah Development CompanyFood and Beverages154
Almunajem Foods Co.Food and Beverages154
AYYAN Investment Co.Industrial Conglomerates154
Allianz Saudi Fransi Cooperative Insurance CompanyInsurance154
Gulf General Cooperative Insurance CompanyInsurance154
Al-Ahlia Insurance CompanyInsurance154
Saudi Research and Marketing GroupMedia and Publishing154
Saudi Printing & Packaging CompanyMedia and Publishing154
Tihama Advertising & Public Relations Co.Media and Publishing154
Saudi Vitrified Clay Pipes Co.Construction Materials169
National Gypsum CompanyConstruction Materials169
Saudi Advanced Industries Co.Diversified Financial169
Saudi Arabia Refineries Co.Energy169
Tourism Enterprise Co.Hotels and Leisure169
Aljazira Takaful Taawuni CompanyInsurance169
Al Rajhi Company for Cooperative InsuranceInsurance169
Amana Cooperative Insurance CoInsurance169
Al Yamamah Steel Industries Co.Metals and Mining169
Fawaz Abdulaziz AlHokair CompanyRetail169
Nahdi Medical Co.Retail169
Alkhorayef Water and Power Technologies Co.Utilities169
Astra Industrial GroupIndustrial Conglomerates181
Arabia Insurance Cooperative CompanyInsurance181
Jabal Omar Development CompanyReal Estate181
Saudi Real Estate Co.Real Estate181
Arriyadh Development Co.Real Estate181
Thob Al Aseel Co.Retail181
Raydan Food Co.Retail181
Kingdom Holding CompanyDiversified Financial188
Al-Baha Investment & Development coDiversified Financial188
Amlak International for Real Estate Finance Co.Diversified Financial188
Al Gassim Investment Holding Co.Food and Beverages188
Scientific and Medical Equipment House Co.Health Care188
Buruj Cooperative Insurance CompanyInsurance188
Makkah Construction & Development Co.Real Estate188
Taiba Holding Co.Real Estate188
Thimar Development Holding CompanyRetail188
Etihad Atheeb Telecommunication CompanyTelecommunication188
Ataa Educational Co.Education199
Saudi Cable CompanyElectrical Components199
Alamar Foods Co.Food and Beverages199
AlSaif Stores for Development and Investment Co.Retail202
Abdullah Saad Mohammed Abo Moati for Bookstores Co.Retail203
Scientific and Medical Equipment House Co.Health Care188


Bahrain Bourse

Update for the 2023 rating exercise will be available soon.

Abu Dhabi Securities Exchange

Update for the 2023 rating exercise will be available soon.

Dubai Financial Market

Update for the 2023 rating exercise will be available soon.

Qatar Stock Exchange

Update for the 2023 rating exercise will be available soon.

Boursa Kuwait

Update for the 2023 rating exercise will be available soon.

Muscat Securities Market

Update for the 2023 rating exercise will be available soon.

Amman Stock Exchange

Update for the 2023 rating exercise will be available soon.

Beirut Stock Exchange

Update for the 2023 rating exercise will be available soon.

Palestine Exchange

Update for the 2023 rating exercise will be available soon.


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