Saudi Arabia is a sovereign Arab state in Western Asia constituting the bulk of the Arabian Peninsula. The country's command economy is petroleum-based but slowly diversifying; in 2017 58% of budget revenues and 85% of export earnings came from the oil industry. [1] [2] The country plans to reduce oil-based revenues to 42% by 2023. [3] A considerable proportion of Saudi companies are owned by families, including the royal family.
Public companies are listed on the Tadawul. For further information on the types of business entities in this country and their abbreviations, see "Business entities in Saudi Arabia".
This list shows firms in the Fortune Global 500, which ranks firms by total revenues reported before 25 January 2025. [4] Only the top five firms (if available) are included as a sample.
Rank | Image | Name | 2024 Revenues (USD $M) | Employees | Notes |
---|---|---|---|---|---|
4 | ![]() | Aramco | $494,890 | 73,311 | The Aramco is a diversified oil and gas exploration & production state-owned company, headquartered in Riyadh. |
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
A. A. Turki Group | Conglomerates | - | Dammam | 1950 | Has 23 various divisions, joint ventures and standalone companies | P | A |
Abdallah Al Faris Company for Heavy Industries | Industrials | Defense | Riyadh | Heavy military vehicles manufacturer | P | A | |
Abdullah Al-Othaim Markets | Consumer services | Food retailers & wholesalers | Riyadh | 1980 | Grocery | P | A |
ACWA Power | Utilities | Electricity | Riyadh | 2004 | Electric generation and distribution | P | A |
Advanced Electronics Company Limited | Industrials | Electronic components & equipment | Riyadh | 1988 | Electronics research and manufacturing, defense, security, digital services | S | A |
Ahmad Hamad Al Gosaibi & Brothers | Conglomerates | - | Khobar [5] | 1940 | Real estate, food & beverage, hospitality | P | A |
Al Baik | Consumer services | Restaurants & bars | Jeddah | 1974 | Fast food restaurants | P | A |
Al Bilad Bank | Financials | Banks | Riyadh | 2004 | Islamic bank | P | A |
Al Faisaliah Group | Conglomerates | - | Riyadh | 1970 | Food & beverage, consumer goods, media, chemicals | P | A |
Al Madina | Consumer services | Publishing | Jeddah | 1937 | Newspaper | P | A |
Al Riyadh | Consumer services | Publishing | Riyadh | 1965 | Newspaper | P | A |
Al Shoula Group | Conglomerates | - | Riyadh | 1970 | Insurance, real estate, defense | P | A |
Al Tazaj | Consumer services | Restaurants & bars | Jeddah | 1989 | Fast-casual restaurants | P | A |
Al Yaum | Consumer services | Publishing | Dammam | 1965 | Newspaper | P | A |
Al-Bilad | Consumer services | Publishing | Jeddah | 1932 | Newspaper | P | A |
Al-Muhaidib | Conglomerates | - | Dammam | 1946 | Food, retail, industrials, financials, energy | P | A |
Al-Rajhi Bank | Financials | Banks | Riyadh | 1957 | Islamic bank | P | A |
Alawwal Bank | Financials | Banks | Riyadh | 1926 | Bank, formerly Saudi Hollandi Bank | P | A |
Aldrees Petroleum and Transport Services Company | Oil and gas | Exploration & production | Riyadh | 1962 | Petroleum marketing | P | A |
Alinma Bank | Financials | Banks | Riyadh | 2006 | Bank | P | A |
Almarai | Consumer goods | Food products | Riyadh | 1977 | Dairy products | P | A |
Arab National Bank | Financials | Banks | Riyadh | 1979 | Bank | P | A |
Arabian Machinery and Heavy Equipment Company | Industrials | Commercial vehicle-Equipment leasing | Khobar | 2006 | Construction & industrial vehicle rentals | P | A |
Arabian Shield Cooperative Insurance Company | Financials | Full line insurance | Riyadh | 2007 | Insurance | P | A |
Aramco | Oil and gas | Exploration & production | Dhahran | 1933 | State oil & gas | S | A |
Arasco | Consumer goods | Food products | Riyadh | 1983 | Agriculture and food-processing | P | A |
Bahri | Transportation | Marine transportation | Riyadh | 1978 | Shipping line | P | A |
Banque Saudi Fransi | Financials | Banks | Riyadh | 1977 | Islamic bank | P | A |
Bayanat | Telecommunications | Telecommunications service providers | Riyadh | 2005 | Telecommunications, ISP | P | A |
Bin Quraya | Industrials | Commercial vehicle-Equipment leasing | Dhahran | 1975 | Construction & industrial vehicle rentals | P | A |
Civil and Electrical Projects Contracting Company | Industrials | Heavy construction | Jeddah | 1977 | Construction | P | A |
Dallah Al-Baraka | Conglomerates | - | Jeddah | 1969 | Financials, health care, industrials, logistics | P | A |
Dar Al-Arkan Real Estate Development Company | Financials | Real estate holding & development | Riyadh | 1994 | Development | P | A |
Dussur | Financials | Investment services | Riyadh | 2014 | Investment/Industrial development | S | A |
E. A. Juffali and Brothers | Conglomerates | - | Jeddah | 1946 | Power, telecommunications, industrials | P | A |
Elm | Industrials | Business support services | Riyadh | 1988 | Business solutions | P | A |
Etihad Atheeb Telecom | Telecommunications | Telecommunications service providers | Riyadh | 2008 | Telecommunications, ISP | P | A |
Flynas | Consumer services | Airlines | Riyadh | 2007 | Low-cost airline, formerly named Nas Air | P | A |
Gandour | Consumer goods | Food products | Riyadh | 1857 | Food-processing | P | A |
Haji Husein Alireza & Co. Ltd. | Conglomerates | - | Jeddah | 1906 | Food & beverage, construction, consumer goods | P | A |
House of Alireza | Conglomerates | - | Khobar [6] | 1845 | Construction, real estate, shipping | P | A |
Integrated Telecom Company | Telecommunications | Telecommunications service providers | Riyadh [7] | 2005 | Telecommunications, ISP, part of Mawarid Holding | P | A |
Islamic Development Bank | Financials | Banks | Jeddah | 1975 | Financing | P | A |
Jadwa Investment | Financials | Investment services | Riyadh | 2006 | Investment services | P | A |
Jarir Bookstore | Consumer services | Specialty retailers | Riyadh | 1979 | Books | P | A |
King Fahd Complex for the Printing of the Holy Quran | Consumer services | Publishing | Medina | 1985 | Publishing | P | A |
Kingdom Holding Company | Conglomerates | - | Riyadh | 1980 | Financials, tourism, media, oil & gas, technology | P | A |
Kudu | Consumer services | Restaurants & bars | Riyadh [8] | 1988 | Fast food restaurants | P | A |
Lucidya | Technology | Consumer digital services | Riyadh | 2016 | AI based customer experience services | P | A |
Maaden | Basic materials | General mining | Riyadh | 1997 | State-owned mining | S | A |
MBC Group | Consumer services | Broadcasting & entertainment | Riyadh | 1991 | Satellite media conglomerate | P | A |
Mawarid Holding | Conglomerates | - | Riyadh | 1968 | Financials, telecommunications, media, industrials | P | A |
Military Industries Corporation | Industrials | Defense | Riyadh | 1953 | Heavy military vehicles manufacturer, subsidiary of SAMI | S | A |
Mobily | Telecommunications | Telecommunications service providers | Riyadh | 2004 | Telecommunications, ISP | P | A |
Nadec | Consumer goods | Food products | Riyadh | 1981 | Agriculture and food-processing | P | A |
Nama Chemicals | Basic materials | Specialty chemicals | Jubail | 1992 | Chemical products | P | A |
Naseej | Technology | Consumer Digital Services | Riyadh | 1989 | Internet, IT services | P | A |
National Commercial Bank | Financials | Banks | Jeddah | 1953 | Bank | P | A |
Okaz | Consumer services | Publishing | Jeddah | 1960 | Newspaper | P | A |
The Olayan Group | Conglomerates | - | Riyadh [9] | 1947 | Construction, food & beverage, industrials | P | A |
Omrania and Associates | Industrials | Business support services | Riyadh | 1973 [10] | Architecture | P | A |
Panda Retail Company | Consumer services | Food retailers & wholesalers | Riyadh | 1978 | Grocery, part of Savola Group | P | A |
Petro Rabigh | Oil and gas | Exploration & production | Rabigh | 2005 | Refining and marketing | P | A |
Petromin Corporation | Basic materials | Specialty chemicals | Jeddah | 1968 | Petrochemical products | P | A |
Qaym | Consumer services | Broadcasting & entertainment | Riyadh | 2006 | Reviews | P | A |
Rezayat | Conglomerates | - | Khobar | 1949 | Industrials, financials, technology, oil & gas | P | A |
Riyad Bank | Financials | Banks | Riyadh | 1957 | Bank | P | A |
SABIC | Basic materials | Specialty chemicals | Riyadh | 1976 | Chemicals and metals | P | A |
SACO Hardware | Consumer services | Specialty retailers | Riyadh | 1985 | Home improvement products retailing and wholesaling | P | A |
Samba Financial Group | Financials | Banks | Riyadh | 1980 | Bank | P | A |
SAMI | Industrials | Aerospace & defense | Riyadh | 1953 | Aerospace, advanced defense systems | S | A |
Sahara Net | Technology | Consumer Digital Services | Dammam | 1989 | Internet, cloud computing services | P | A |
Saudi Advanced Industries Company | Financials | Investment services | Riyadh | 1987 | Technologies investment services | P | A |
Saudi Arabia Railways | Railroad | Riyadh | 2006 | P | A | ||
Saudi Binladin Group | Industrials | Heavy construction | Jeddah | 1931 | Construction conglomerate | P | A |
Saudi Electricity Company | Utilities | Electricity | Riyadh | 2000 | Electric generation and distribution | S | A |
Saudi National Bank | Financials | Banks | Riyadh | 1953 | Commercial bank | P | A |
Saudi Oger | Industrials | Heavy construction | Riyadh | 1978 | Construction, defunct 2017 | P | D |
Saudi Railways Organization | Railroad | 1966 | P | D | |||
Saudi Readymix Concrete Company | Industrials | Building materials & fixtures | Khobar | 1978 | Concrete | P | A |
Saudi Telecom Company | Telecommunications | Telecommunications service providers | Riyadh | 1998 | Telecommunications, ISP | P | A |
Saudi Water Authority | Utilities | Water | Riyadh | 1974 | Water management | S | A |
Saudia | Consumer services | Airlines | Jeddah | 1945 | Also known as Saudi Arabian Airlines | P | A |
Saudia Dairy and Foodstuff Co. | Consumer goods | Food products | Jeddah | 1976 | Dairy products | P | A |
Savola Group | Consumer goods | Food products | Jeddah | 1979 | Food manufacturing, grocery and restaurants | P | A |
Savvy Games Group | Technology | Software | Riyadh | 2021 | Video games developer group | P | A |
Sawani | Consumer goods | Food products | Riyadh | 2023 | Dairy products | P | A |
Sela | Consumer services | Recreational services | Jeddah | 1997 | Entertainment, hospitality | P | A |
Shamiekh Holding Group | Conglomerates | - | Riyadh | 1980 | Consumer Discretionary | P | A |
Shawarmer | Consumer services | Restaurants & bars | Riyadh | 1999 | Fast food restaurants | P | A |
stc Group | Telecommunications | Telecommunications service providers | Riyadh | 1998 | Telecommunications, ISP | P | A |
The Saudi British Bank | Financials | Banks | Riyadh | 1978 | Bank, associated with HSBC (UK) | P | A |
Tasali Snack Foods | Consumer goods | Food products | P | A | |||
Xenel | Conglomerates | - | Jeddah | 1973 | Energy, industrials, financials | P | A |
Zain Saudi Arabia | Telecommunications | Telecommunications service providers | Riyadh | 2008 | Telecommunications, ISP | P | A |
Zamil Steel Holding | Basic materials | Iron & steel | Dammam | 1977 | Steel and construction materials | P | A |
The economy of Saudi Arabia is highly reliant on its petroleum sector. Oil accounts on average in recent years for approximately 40% of Saudi GDP and 75% of fiscal revenue, with substantial fluctuations depending on oil prices each year.
The United Arab Emirates is a high-income developing market economy. The UAE's economy is the 4th largest in the Middle East, with a gross domestic product (GDP) of US$415 billion in 2021-2023.
The economy of Bahrain is heavily dependent upon oil and gas. The Bahraini Dinar is the second-highest-valued currency unit in the world. Since the late 20th century, Bahrain has heavily invested in the banking and tourism sectors. The country's capital, Manama is home to many large financial structures. Bahrain's finance industry is very successful. In 2008, Bahrain was named the world's fastest growing financial center by the City of London's Global Financial Centres Index. Bahrain's banking and financial services sector, particularly Islamic banking, have benefited from the regional boom driven by demand for oil. Petroleum is Bahrain's most exported product, accounting for 60% of export receipts, 70% of government revenues, and 11% of GDP. Aluminium is the second most exported product, followed by finance and construction materials.
The economy of the Middle East is very diverse, with national economies ranging from hydrocarbon-exporting rentiers to centralized socialist economies and free-market economies. The region is best known for oil production and export, which significantly impacts the entire region through the wealth it generates and through labor utilization. In recent years, many of the countries in the region have undertaken efforts to diversify their economies.
Saudi Vision 2030 is a government program launched by Saudi Arabia which aims to achieve the goal of increased diversification economically, socially, and culturally, in line with the vision of Saudi Crown Prince and Prime Minister Mohammed bin Salman. It was first announced on 25 April 2016 by the Saudi government.