Image Credits- Arab News
Saudi Arabia has a rapidly growing and diversifying economy, with many successful indigenous companies emerging in various sectors. These companies have not only established a strong presence within Saudi Arabia but have also expanded their operations internationally.
Here are the top 10 indigenous companies of Saudi Arabia:
Saudi Aramco
Saudi Aramco, officially the Saudi Arabian Oil Company, is the world’s largest oil and gas company. It is a state-owned enterprise that manages the vast majority of the it’s oil and gas reserves. Saudi Aramco is one of the most profitable companies globally, with operations spanning exploration, production, refining, distribution, and petrochemicals. The company’s initial public offering in 2019 was the largest in history, raising $25.6 billion.
SABIC
Saudi Basic Industries Corporation (SABIC) is a leading global petrochemicals company based in Riyadh. It is one of the world’s largest manufacturers of plastics, fertilizers, and metals. SABIC operates in over 50 countries and has a significant market presence in various industries, including construction, automotive, and packaging.
Saudi Telecom Company (STC)
STC is the largest telecommunications company in Saudi Arabia and one of the leading operators in the Middle East. It provides a wide range of services, including fixed-line, mobile, internet, and digital solutions. STC has a strong presence in multiple countries and is actively expanding its operations across the region.
Al Rajhi Bank
Al Rajhi Bank is one of the largest Islamic banks in the world and the second-largest bank in Saudi Arabia. It offers a comprehensive range of Sharia-compliant banking products and services, catering to both individual and corporate clients. Al Rajhi Bank has a strong presence in the country and operates branches in several other countries.
Saudi Arabian Mining Company (Ma’aden)
Ma’aden is a leading mining and metals company in Saudi Arabia, with operations in various sectors, including gold, phosphate, aluminum, and industrial minerals. The company plays a crucial role in the diversification of the Saudi economy and is actively involved in projects aimed at developing the mining sector.
Saudi Arabian Investment Company (Sanabil Investments)
Sanabil Investments is a wholly-owned subsidiary of the Public Investment Fund (PIF), Saudi Arabia’s sovereign wealth fund. The company focuses on investing in various sectors, including healthcare, education, and real estate, both within the country and internationally.
Saudi Arabian Airlines (Saudia)
Saudia, also known as Saudi Arabian Airlines, is the national airline of Saudi Arabia. It operates flights to over 90 destinations across four continents and plays a vital role in facilitating air travel within and outside the Kingdom.
Saudi Electricity Company (SEC)
SEC is the largest electricity company in Saudi Arabia, responsible for the generation, transmission, and distribution of electricity. With a vast network of power plants and distribution facilities, SEC plays a crucial role in meeting the country’s growing energy demands.
ACWA Power
ACWA Power is a leading developer, owner, and operator of power generation and desalinated water production plants. The company has a portfolio of assets in various countries and is actively involved in developing renewable energy projects, contributing to Saudi Arabia’s efforts toward sustainability.
Saudi Arabian Fertilizer Company (SAFCO)
SAFCO is a leading producer of fertilizers and chemicals in Saudi Arabia. The company operates two world-class fertilizer complexes and plays a significant role in supporting the country’s agricultural sector and contributing to food security.
These top 10 indigenous companies of Saudi Arabia represent diverse sectors, including oil and gas, petrochemicals, telecommunications, banking, mining, investment, aviation, electricity, and fertilizers. Their success and growth have contributed significantly to the country’s economic development and diversification efforts, while also establishing a strong presence on the global stage.
The article has been modified using artificial intelligence (AI) tools.
