Global Finance’s first annual ranking of the top-performing companies in the Middle East shows how much of the region is still in the early stages of reducing its dependence on oil.          

Author: Denise Bedell

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METHODOLOGY

The Middle East Best-Performing Companies list ranks publicly traded nonfinancial companies in the region based on measures of profitability, financial strength and market value. To determine performance, we look at each company’s return on assets, profit margin, solvency ratio and price/earnings ratio, and we assign a ranking of 1 to 250 on each measure—the lower the number, the higher the rank. In order to be included for consideration, firms must rank in the top 250 companies in the region based on market capitalization. The countries covered by the ranking include Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Lebanon, Oman, Palestinian Territory, Qatar, Saudi Arabia, Syrian Arab Republic, United Arab Emirates and Yemen.

 

Middle East—Top 25 Best-Performing Companies

  Company Country
(legend)
Sector
 
Latest Reporting Year Return On Assets % Profit Margin
%
Price / Earnings ratio Solvency Ratio % Total Score Market Capitalization ($th)
1 SARINE TECHNOLOGIES IS IM 2013 29.28 39.04 30.97 82.53 114 718,628
=2 SAUDI ARABIAN FERTILIZER CO SA BMP 2014 33.41 76.20 15.91 87.41 146 13,523,639
=2 MAKKAH CONSTRUCTION & DEVELOPMENT CO  SA CRE 2014 7.85 85.42 47.08 87.03 146 4,332,573
4 QASSIM CEMENT CO SA BMP 2013 26.67 58.87 15.23 91.00 150 2,412,546
5 CITY CEMENT CO  SA BMP 2013 10.33 54.89 20.32 94.70 159 1,174,808
6 TARO PHARMACEUTICAL INDUSTRIES  IS PH 2013 28.06 58.46 17.95 79.46 161 6,503,224
7 QATAR NATIONAL CEMENT CO QA BMP 2013 15.70 42.66 15.43 92.70 178 1,833,697
8 CHECK POINT SOFTWARE TECHNOLOGIES IS TMT 2013 13.36 57.09 24.59 73.72 180 15,734,427
=9 THE NATIONAL CO FOR GLASS INDUSTRIES  SA BMP 2013 7.03 44.38 27.36 92.36 186 335,129
=9 HERFY FOOD SERVICES  SA FBT 2013 24.22 23.10 28.51 76.01 186 1,461,645
=11 SILICOM  IS TMT 2013 16.22 24.53 22.54 86.16 188 330,234
=11 SAUDI AIRLINES CATERING  SA TR 2013 33.71 30.11 27.83 68.60 188 4,152,302
13 BAHRAIN CINEMA CO BA LT 2013 15.14 32.64 16.17 90.08 195 269,998
14 SOUTHERN PROVINCE CEMENT CO SA BMP 2014 29.80 56.59 13.43 81.80 199 3,789,723
15 EASTERN PROVINCE CEMENT CO SA BMP 2013 12.33 38.25 15.51 91.06 207 1,277,582
16 EZCHIP SEMICONDUCTOR  IS TMT 2013 6.58 30.63 28.50 94.11 212 640,012
17 CAESARSTONE SDOT-YAM  IS IM 2013 16.78 20.95 35.87 70.35 216 2,206,214
=18 AL-AHSA DEVELOPMENT CO SA CRE 2013 2.66 76.45 49.68 87.17 226 212,485
=18 YANBU CEMENT CO  SA BMP 2014 19.04 51.72 13.48 76.86 226 2,884,891
20 DALLAH HEALTHCARE  SA SV 2013 9.24 19.52 47.81 80.48 232 1,846,637
21 GULF HOTEL GROUP BA LT 2014 14.36 32.22 13.20 88.25 238 394,697
=22 QATAR INDUSTRIAL MANUFACTURING CO QA IM 2013 12.33 58.39 11.72 87.94 242 652,452
=22 MOUWASAT MEDICAL SERVICES CO SA SV 2013 13.64 25.53 33.71 64.28 242 1,834,337
24 DUR HOSPITALITY CO SA LT 2013 6.79 34.12 23.76 85.68 243 971,042
25 SAUDI CEMENT CO SA BMP 2013 25.71 53.53 12.96 73.41 244 3,879,085

Source for data: Orbis by Bureau van Dijk

 

Legend:

Sector
Country
BMP Basic Materials & Petrochemicals BA Bahrain
CRE Construction & Real Estate IS Israel
FBT Food, Beverage & Tobacco QA Qatar
IM Industrial Manufacturing SA Saudi Arabia
LT Leisure & Tourism
PH Pharmaceuticals
SV Services
TMT Technology, Media & Telecoms
TR Transportation

 

 

Best-Performing Companies By Sector

Rank
Company
Country
Latest Reporting Year
Total Score
Market Capitalization ($th)

Basic Materials & Petrochemicals

1

SAUDI ARABIAN FERTILIZER CO

Saudi Arabia

2014

146

13,523,639

2

QASSIM CEMENT CO

Saudi Arabia

2013

150

2,412,546

3

CITY CEMENT CO

Saudi Arabia

2013

159

1,174,808

4

QATAR NATIONAL
CEMENT CO

Qatar

2013

178

1,833,697

5

THE NATIONAL CO FOR GLASS INDUSTRIES

Saudi Arabia

2013

186

335,129

Construction & Real Estate

1

MAKKAH CONSTRUCTION & DEVELOPMENT CO

Saudi Arabia

2014

146

4,332,573

2

AL-AHSA
DEVELOPMENT CO

Saudi Arabia

2013

226

212,485

3

MABANEE CO

Kuwait

2013

305

2,637,909

4

KINGDOM
HOLDING CO

Saudi Arabia

2013

329

12,088,421

5

ASEER TRADING, TOURISM & MANUFACTURING CO

Saudi Arabia

2013

434

977,460

Consumer Products

1

FITAIHI HOLDING

Saudi Arabia

2014

294

357,902

2

AAMAL HOLDING

Qatar

2014

321

3,033,240

3

JARIR MARKETING CO

Saudi Arabia

2014

334

4,944,331

4

FAWAZ ABDULAZIZ ALHOKAIR CORP

Saudi Arabia

2013

342

5,849,954

5

AL ABDULLATIF INDUSTRIAL
INVESTMENT CO

Saudi Arabia

2013

359

869,165

Energy, Oil & Gas

1

ISRAMCO
NEGEV 2

Israel

2013

390

2,203,474

2

ENERGY HOUSE
HOLDING CO

Kuwait

2013

394

253,979

3

DELEK
DRILLING

Israel

2013

423

1,930,571

4

AVNER OIL

EXPLORATION

Israel

2013

431

2,124,305

5

NATIONAL GAS & INDUSTRIALIZATION CO

Saudi Arabia

2014

435

658,446

Food, Beverage & Tobacco

1

HERFY FOOD SERVICES

Saudi Arabia

2013

186

1,461,645

2

NATIONAL AGRICULTURE MARKETING CO

Saudi Arabia

2013

248

213,922

3

SAUDI DAIRY & FOOD STUFF CO

Saudi Arabia

2013

259

1,140,442

4

A’SAFFA FOODS

Oman

2013

299

268,051

5

HALWANI BROS

Saudi Arabia

2013

307

666,085

Industrial Manufacturing

1

SARINE TECHNOLOGIES

Israel

2013

114

718,628

2

CAESARSTONE SDOT-YAM

Israel

2013

216

2,206,214

3

QATAR INDUSTRIAL MANUFACTURING CO

Qatar

2013

242

652,452

4

KLIL INDUSTRIES

Israel

2013

285

194,287

5

MAYTRONICS

Israel

2013

285

249,581

Leisure & Tourism

1

BAHRAIN CINEMA CO

Bahrain

2013

195

269,998

2

GULF HOTEL GROUP

Bahrain

2014

238

394,697

3

DUR HOSPITALITY CO

Saudi Arabia

2013

243

971,042

4

UNITED PROJECTS GROUP

Kuwait

2013

265

175,493

5

KUWAIT NATIONAL CINEMA CO

Kuwait

2013

282

347,435

Pharmaceuticals

1

TARO PHARMACEUTICAL INDUSTRIES

Israel

2013

161

6,503,224

2

DAROUPAKHSH
HOLDING CO

Iran

2013

599

298,126

3

COMPUGEN

Israel

2013

881

413,213

Services

1

DALLAH HEALTHCARE

Saudi Arabia

2013

232

1,846,637

2

MOUWASAT MEDICAL SERVICES CO

Saudi Arabia

2013

242

1,834,337

3

NATIONAL MEDICAL CARE CO

Saudi Arabia

2013

278

774,973

4

BAHRAIN DUTY FREE SHOP COMPLEX

Bahrain

2014

325

255,171

5

RADWARE

Israel

2013

355

1,004,149

Technology, Media & Telecoms

1

CHECK POINT SOFTWARE TECHNOLOGIES

Israel

2013

180

15,734,427

2

SILICOM

Israel

2013

188

330,234

3

EZCHIP SEMICONDUCTOR

Israel

2013

212

640,012

4

OMAN TELECOMMUNICATION CO

Oman

2013

328

3,409,090

5

PALESTINE TELECOMMUNICATIONS CO

Palestine

2013

332

1,097,958

Transportation

1

SAUDI AIRLINES CATERING

Saudi Arabia

2013

188

4,152,302

2

KGL LOGISTICS CO

Kuwait

2013

292

199,682

3

QATAR NAVIGATION

Qatar

2013

348

3,314,694

4

ARAMEX

UAE

2013

399

1,315,382

5

GULF WAREHOUSING CO

Qatar

2014

486

744,436

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