Forbes Middle East released their list of top 100 companies in the region and 16 are Qatari owned and based. The publication notes that despite the global inflation, these companies have made significant profits and total net income compared to their previous year's statistics.
QNB is the largest bank in the Middle East and Africa with a global presence in more than 31 countries across three continents.
IQ Group owns Qatar Steel Company and the Qatar Fertilizer Company, 80% of the Qatar Petrochemical Company, and 50% of the Qatar Fuel Additives Company Limited.
QIB has a total of 22 branches in Qatar and one branch in Sudan.
Commercial Bank has 30 branches in Qatar and has established the “Diners Club” franchise in the nation and Turkey.
Shariah-compliant bank, Masraf Al Rayan, has 15 branches in Qatar and 2 in the United Kingdom through its subsidiary, Al Rayan Bank PLC.
Ooredoo, originally Qatar National Telecom Service established in 1949, is the largest telecom company in Qatar.
Nakilat is a shipping and maritime company with a shipping fleet of 69 liquefied natural gas (LNG) carriers with a capacity of more than nine million cubic meters, which equated to 12% of the world's total LNG fleet carrying capacity.
WOQOD has 112 fuel stations in Qatar and has the sole concession to distribute and market petrol to commercial, industrial, and government customers throughout the nation.
Barwa Real Estate Group owns a land bank of 5.5 million sqm and operates 3.6 million sqm of total built space. The company also owns Waseef Asset Management Company, which provides asset, and property and facilities management services to Barwa’s projects.
QIC has nine companies, with operations in 5 countries namely Qatar, Kuwait, Oman, the U.A.E., and Malta. QLM, one of its subsidiaries, raised an IPO on the Qatar Stock Exchange that offered 60% of its share capital in 2020.
QIIB has 15 branches in Qatar and is the third largest Islamic bank on the Qatar Exchange in terms of market capitalization, with a market capitalization of $4.6 billion, as of March 2022.
Doha Bank provides banking services to individuals, companies, and institutions and has branches in Kuwait, the U.A.E., and India.
MPHC is a Qatari shareholding company affiliated with Qatar Energy Company, which holds a stake of approximately 65.45%.
QEWC is the main electricity and desalinated water supplier in Qatar, with a market share of 61% of electricity and 70 % of desalinated water in 2021.
Ahlibank has 14 branches in Qatar and was Qatar’s seventh-largest conventional bank in terms of assets in 2021.
Milaha has five strategic business areas: Milaha Maritime & Logistics, Milaha Capital, Milaha Gas & Petrochem, Milaha Trading, and Milaha Offshore and in 2021, the company signed a service contract for a 600,000-barrel capacity Floating Storage and Offloading unit.
Source: Forbes Middle East
Cover image credit: Shutterstock
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