For some years, the oil prices in Saudi Arabia are recovering at a steady pace making 2018 a favorable year in terms of business and economic growth. This is bound to have a positive impact on Saudi Arabia job market as well. If you are looking for jobs, it is important to keep a close watch on not just on the job market but also on the big companies in Saudi Arabia you wish to work with.
Here’s a list of companies in Saudi Arabia that have grabbed the top spots in terms of market capitalization data recorded by Reuters Eikon, Markaz Research as on September 11, 2018.
Top 10 Companies in Saudi Arabia
- 1. Saudi Basic Industries Corporation (SABIC)
Market Capitalization: $95.18bn
Founded in the year 1976, Saudi Basic Industries Corporation (SABIC) is one of the top chemical/petrochemical companies in Saudi Arabia. Its portfolio of products include polymers, chemicals, agri-nutrients, metals, and specialties. Over the years, it has served clients from numerous industries such as agriculture, automotive, building & construction, electrical & electronics, healthcare, industrial, mass transportation, and packaging.
As an employer, SABIC is committed to nurturing the talent of its employees and helps them in achieving their personal as well as professional goals. The company has designed some truly exceptional training and development programs, considered among the best in the petrochemical industry of Saudi Arabia.
- 2. Saudi Telecom Company (STC)
Market Capitalization: $44.15bn
Founded in the year 1998, Saudi Telecom Company (STC) is one of the telecom companies in Saudi Arabia. The telecommunication services provider enjoys a strong presence in the country and delivers a variety of distinguished services for individual customers as well as businesses.
STC firmly believes that its staff’s development is the key to its success. The company offers great employment benefits such as competitive salary, accommodation benefits, transportation benefits, bonuses, and family medical insurance.
- 3. Al Rajhi Banking & Investment Corporation
Market Capitalization: $36.18bn
Founded in the year 1957, Al Rajhi Banking & Investment Corporation or Al Rajhi Bank is one of the largest Islamic banks in the world. Headquartered in Riyadh, the bank has over 500 branches, over 118 branches dedicated to women, over 4,100 ATMs, and more than 46,000 POS terminals across the country.
Al Rajhi Bank values its employees and actively participates in helping and encouraging Saudi youth. The bank is constantly on a lookout to expand its team by adding capable and talented professionals.
- 4. National Commercial Bank
Market Capitalization: $32.79bn
Founded in the year 1953, National Commercial Bank (NCB), also known as AlAhli Bank is one of the leading financial institutions in the Gulf region. Headquartered in Jeddah, the bank was the in Saudi Arabia to be licensed. The bank is known for offering excellent personnel, corporate and investment services.
NCB provides one of a kind and dynamic work environment to its employees. It is constantly on a lookout to add talented professionals from the banking and finance sectors, whether freshers or experienced.
- 5. Saudi Electricity Company
Market Capitalization: $18.89bn
Founded in the year 2000, Saudi Electricity Company is one of the leading power and utility provider companies in Saudi Arabia and the Middle East. The company has established itself as a trustworthy utility provider given its commitment to providing stable and reliable power solutions to customers across Saudi Arabia.
Saudi Electricity Company lays special emphasis on developing its human resources and invests heavily on doing so.
- 6. Saudi Arabian Mining Co (Maaden)
Market Capitalization: $15.73bn
Founded in the year 1997, Saudi Arabian Mining Co., popularly known as Maaden, is one of the leading multi-commodity mining and metals company in Saudi Arabia as well as the Middle East. It majorly deals in the exploration, production and sale of gold & base materials, phosphate, aluminum, and industrial minerals.
Maaden firmly believes in maintaining strong and lasting relationships not just with their clients but also with their employees. The company is always on a lookout to attract and retain great talent across all levels.
Also Read: Top 5 Highest Paying Jobs in Oman – 2019
- 7. Samba Financial Group
Market Capitalization: $15.49bn
Founded in the year 1980, Samba Financial Group is one of the largest financial services groups in the Middle East. The group enjoys an unparalleled reputation for offering excellent financial solutions as well as for transforming the Saudi Arabian banking sector. Over the years, it has developed an extensive operations network not just across Saudi Arabia but also Dubai, Pakistan, Qatar, and London.
Being a premier banking institution in Saudi Arabia, Samba Financial Group attracts a lot of professional talent. The group aims to establish itself as a global leader in providing innovative banking products and services.
- 8. Almarai Co.
Market Capitalization: $14.05bn
Founded in the year 1977, Almarai Co. is one of the largest beverages and food companies in Saudi Arabia. It is also one of the largest vertically integrated dairy companies in the Middle East. Over the years, the company has diversified its product portfolio to include bakery items, poultry, juices, and instant formulas.
Almarai Co. believes that human resources are essential for the sustainable development and growth of an organization and for the same reason invests heavily in its employees.
- 9. Saudi British Bank
Market capitalisation: $12.94bn
Founded in the year 1978, Saudi British Bank, popularly known as SABB, is an associated company of the HSBC Group which was formed when the latter took over The British Bank’s Middle East operations in Saudi Arabia. Over the years, it has earned itself a great reputation for offering excellent financial solutions as well as customer service.
As a growing organization, SABB is constantly looking for talented individuals to joins its team.
- 10. Riyad Bank
Market capitalisation: $12.48bn
Founded in the year 1957, Riyad Bank is one of the largest financial institutions in the Kingdom of Saudi Arabia as well as the Middle East. It offers excellent personal, business and corporate financial services including banking, loans, investment, and more.
As an employer, Riyad Bank offers a great working environment that assists in the growth and development of its employees. The bank highly appreciates individuals who understand the importance of delivering excellent customer service.
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