16 Qatari-listed firms among Forbes’ top 100 companies in Middle East

16 Qatari-listed firms among Forbes’ top 100 companies in Middle East

Doha, Qatar: 16 Qatari-listed firms made the list of the region's top companies, as published in the June issue of Forbes Middle East.

According to Forbes, despite high inflation and global instability, these businesses have increased their overall net income and profits when compared to the same period last year, with the banking and financial services sectors dominating the list.

The Qatar National Bank is ranked third and the only Qatari company to make the top 20.

Forbes Middle East Top 100 Listed Companies 2023:

3. QNB Group

- Sector: Banks & Financial Services

- Group CEO: Abdulla Mubarak Al-Khalifa

- Market Value: $38.8 billion

- Sales: $18.4 billion

- Profits: $4 billion

- Assets: $326.7 billion

Established in 1964, QNB is the largest bank in Qatar. It is a Qatari-owned commercial bank, with 51.9% owned by the Qatar Investment Authority. The group has a presence in more than 28 countries across three continents. It employs 28,000 people serving over 27 million customers.

23. Industries Qatar (IQ)

- Sector: Industrials

- Chairman and Managing Director: Saad Sherida Al-Kaabi

- Market Value: $21.5 billion

- Sales: $5.2 billion

- Profits: $2.4 billion

- Assets: $12.4 billion

IQ was incorporated as a Qatari joint stock company in 2003. The IQ Group currently owns 80% of the Qatar Petrochemical Company and 50%