Forbes Middle East
CAIRO – 15 June 2017: Three Egyptian companies have been listed on the prestigious Forbes Top 100 Arab Companies list, released Wednesday.
Egypt’s Commercial International Bank topped the list of Egyptian companies, and ranked number 45 with $1.2 billion in sales, $335 million in profits, $14.9 billion in assets and a market value of $5.1 billion.
Global Telecom Holding is number 52. Global came in with $3 billion in sales, $194 million in profits, $5.6 billion in assets and $2 billion in market value.
Elsewedy Electric then ranked 92nd, with $1.4 billion in sales, $220 million in profits, $2.1 billion in assets and $1 billion in market value.
“Although the Egyptian currency was hit hard last year off the back of the devaluation, Egypt holds its share in the top 100 companies in the Arab world list with three companies, as the Egyptian stock exchange (EGX 30) gained 75 percent, making it the biggest gainer in the Arab world,” Forbes Middle East said.
Saudi’s Petrochemicals SABIC and Qatar National Bank are the best Arab performing companies.
Market value of the top 100 Arab companies were $772 billion in April 2017, 12 percent more than last year, according to Forbes.
Tags: Forbes Middle East, Commercial International Bank, Global Telecom Holding, Elsewedy Electric, SABIC, QNB
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