The Saudi Arabian economy is characterized by a dynamic and evolving corporate landscape, driven by a combination of natural resource wealth, financial sector growth, infrastructure development, and strategic diversification. This report highlights thirty of the most prominent companies in the Kingdom, spanning key sectors such as petrochemicals, banking, telecommunications, logistics, manufacturing, retail, real estate, and insurance. Together, these corporations represent the economic backbone of the country, with total assets ranging from over $400 billion to just under $5 billion.
These companies not only dominate the domestic market but also play critical roles on the regional and global stages. From energy giants like Aramco and SABIC, to major financial institutions such as Al-Rajhi Bank and Riyad Bank, to infrastructure-focused entities like Bahri and Jabal Omar, the scope and scale of these organizations illustrate the depth of Saudi Arabia’s industrial capabilities. In addition, emerging leaders in sectors such as technology, healthcare, and logistics reflect the Kingdom’s shift toward a more diversified and innovation-driven economy.
This compilation provides a detailed overview of each company’s core activities, asset base, strategic direction, and contributions to national development, offering a comprehensive snapshot of Saudi Arabia’s corporate strengths in 2024.
1.Saudi Aramco($660.8B)
Saudi Aramco is the largest and most valuable oil company in the world, with total assets of $660.8 billion in 2024. Headquartered in Dhahran, Saudi Arabia, the company is primarily involved in the exploration, production, and refining of oil and natural gas. Saudi Aramco plays a central role in the global energy market and is a key contributor to the Kingdom's economy, supporting Vision 2030's goals for diversification. It is known for its vast reserves, advanced technology in extraction, and significant investments in both renewable energy and green technologies.
2. Saudi National Bank ($276.6B)
Saudi National Bank is the largest commercial bank in Saudi Arabia, with total assets amounting to $276.6 billion in 2024. Formed through the merger of National Commercial Bank (NCB) and Samba Financial Group, SNB is a key player in the banking and finance sector. The bank offers a wide range of services, including corporate banking, retail banking, and wealth management, with a strong presence in both local and international markets. SNB continues to strengthen its position as a financial leader in the region through digital banking innovations and strategic investments.
3. Saudi Electricity Company ($133.3B)
Saudi Electricity Company (SEC) is the local electric power generation, transmission, and distribution monopolist, with total assets of $133.3 billion in 2024. SEC operates 45 power generation plants across the Kingdom and is focused on increasing its power generation capacity to 91 GW. The company is involved in a number of renewable energy initiatives, including the establishment of the first autonomous solar power station in Saudi Arabia. SEC is also a key player in the nation’s energy transition as part of Vision 2030’s sustainability goals.
4. Saudi Basic Industries Corporation (SABIC) ($83.5B)
Saudi Basic Industries Corporation (SABIC) is a global leader in chemicals and petrochemicals, with total assets of $83.5 billion in 2024. The company, majority-owned by Saudi Aramco, produces a wide range of products, including plastics, fertilizers, and specialty chemicals, serving industries around the world. SABIC is a key player in the Kingdom's Vision 2030, as it works to reduce its carbon footprint through sustainable and innovative solutions. The company has made significant investments in research and development to support the future of global manufacturing.
5. Saudi Telecom Company (stc) ($42.5B)
Saudi Telecom Company (stc) is the largest telecommunications provider in Saudi Arabia, with total assets of $42.5 billion in 2024. stc offers a variety of services including mobile, fixed-line, and broadband internet services to customers in Saudi Arabia and the wider Middle East. The company has been investing heavily in 5G infrastructure, AI, and digital transformation. stc’s innovative solutions are central to the Kingdom’s Vision 2030 digital economy goals, contributing to the development of smart cities and IoT networks.
6. Saudi Arabian Mining Company (Ma'aden) ($29.8B)
Saudi Arabian Mining Company (Ma'aden) is a leading mining and metals producer, with total assets of $29.8 billion in 2024. The company is involved in the extraction and processing of various minerals, including gold, aluminum, and phosphates. Ma'aden has been expanding its operations and is playing a key role in diversifying Saudi Arabia’s economy under Vision 2030. The company has also invested in sustainable mining practices and initiatives aimed at reducing its environmental impact.
7. Rabigh Refining and Petrochemical Company ($16.8B)
Rabigh Refining and Petrochemical Company (Petro Rabigh) is a joint venture between Saudi Aramco and Sumitomo Chemical, with total assets of $16.8 billion in 2024. Petro Rabigh operates one of the largest refining and petrochemical complexes in the world, producing a wide range of products including gasoline, diesel, and chemicals. The company plays an essential role in Saudi Arabia’s energy and industrial sectors. Petro Rabigh is also focusing on integrating advanced technologies to improve its sustainability efforts and meet growing global demand for petrochemical products.
8. ACWA Power ($15.1B)
ACWA Power is a leading developer, investor, and operator of power generation and water desalination projects, with total assets of $15.1 billion in 2024. The company is involved in renewable energy projects, including solar and wind energy, and is a key player in Saudi Arabia’s efforts to diversify its energy mix. ACWA Power operates in multiple countries across the Middle East, Africa, and Asia. The company’s involvement in mega projects like the Mohammed bin Rashid Al Maktoum Solar Park in Dubai and Neom's clean energy initiatives further strengthens its position as a global energy leader.
9. Kingdom Holding Company ($14.4B)
Kingdom Holding Company, a diversified investment firm, has total assets of $14.4 billion in 2024. Founded by Prince Alwaleed bin Talal, the company has significant investments across various sectors, including real estate, hospitality, finance, and technology. Kingdom Holding owns major shares in global companies like Citigroup and Four Seasons Hotels, and it is involved in numerous high-profile projects in Saudi Arabia, such as the Kingdom Tower in Jeddah. The company continues to expand its global footprint and play a crucial role in Saudi Arabia’s Vision 2030.
10. Etihad Etisalat Company (Mobily) ($10.3B)
Etihad Etisalat (Mobily) is a telecommunications company in Saudi Arabia with total assets of $10.3 billion in 2024. Mobily provides mobile and internet services to millions of users across the Kingdom and is known for its role in launching 4G and 5G networks. The company is focused on improving its digital infrastructure and expanding its services in the region. Mobily is part of the broader transformation within Saudi Arabia’s telecom sector, aiming to enhance connectivity and support the Kingdom's Vision 2030 initiatives.
11. Almarai Company ($9.65B)
Almarai Company, the largest dairy and food producer in the Middle East, has total assets of $9.65 billion in 2024. The company’s product portfolio includes dairy, juices, bakery items, and frozen foods, which are distributed widely across Saudi Arabia and neighboring countries. Almarai is a market leader in the food and beverage industry, known for its commitment to quality and sustainability. The company continues to expand its operations through investments in new facilities and product innovation, contributing to the Kingdom’s food security goals.
12. Dar Al Arkan Real Estate Development Company ($8.96B)
Dar Al Arkan is a prominent real estate developer in Saudi Arabia, with total assets of $8.96 billion in 2024. The company is involved in residential, commercial, and mixed-use developments, primarily in major cities like Riyadh and Jeddah. Dar Al Arkan has a significant presence in the Kingdom’s booming real estate market and is a key player in shaping Saudi Arabia’s urban landscape. It is also investing in international markets, including luxury real estate developments, to expand its global portfolio.
13. Savola Group Company ($7.98B)
Savola Group is a leading food and retail conglomerate, with total assets of $7.98 billion in 2024. The company operates across various sectors, including food production, retail, and real estate, with major brands like Almarai and Panda in its portfolio. Savola Group plays a key role in the Kingdom’s food supply chain, focusing on producing oils, sugars, and packaged foods. Additionally, it manages supermarkets and hypermarkets, solidifying its position as a top player in the Saudi retail market.
14. Zain Saudi Arabia ($7.29B)
Zain Saudi Arabia is a major telecommunications company, boasting total assets of $7.29 billion in 2024. The company provides mobile phone services across the Kingdom and has been at the forefront of implementing 4G and 5G technology in the region. Zain is heavily focused on expanding its digital services, such as e-commerce and cloud computing, to meet the evolving needs of its customers. As a telecom giant, Zain is a critical player in the Saudi communications landscape.
15. Saudi Kayan Petrochemical Company ($7.10B)
Saudi Kayan Petrochemical Company, a subsidiary of SABIC, has total assets of $7.10 billion in 2024. The company is involved in the production of a variety of petrochemical products, including plastics, chemicals, and fertilizers, all of which are integral to global manufacturing. Saudi Kayan is actively engaged in improving the efficiency and sustainability of its operations through technological advancements. The company focuses on reducing its environmental footprint while maintaining its position as a leader in the petrochemical industry.
16. The National Shipping Company of Saudi Arabia ($7.08B)
The National Shipping Company of Saudi Arabia, also known as Bahri, operates with total assets of $7.08 billion in 2024. Bahri is one of the largest shipping and logistics companies globally, specializing in the transportation of crude oil, chemicals, and general cargo. The company maintains an extensive fleet of tankers, dry cargo vessels, and logistics ships, making it a key player in the global energy and shipping industries. In addition to its core services, Bahri has ventured into the logistics and warehousing sectors, aiming to diversify its portfolio and strengthen its position in the supply chain. The company is involved in several joint ventures and strategic partnerships, expanding its service offerings in international markets. Bahri continues to enhance its fleet and infrastructure, ensuring efficiency in global logistics and oil transportation. The company is also focused on integrating cutting-edge technology to streamline its operations and improve environmental sustainability.
17. Al-Rajhi Bank ($6.89B)
Al-Rajhi Bank, with total assets of $6.89 billion in 2024, is one of the largest Islamic banks in the world. It provides a comprehensive range of banking services, including retail banking, corporate banking, wealth management, and investment products. The bank's retail operations are focused on serving both individual customers and corporate clients with Sharia-compliant financial products. Al-Rajhi has an expansive regional presence across the Middle East, offering an array of digital banking solutions to cater to the needs of a tech-savvy clientele. The bank is known for its commitment to integrating innovation into its banking services, providing digital platforms for transactions, online account management, and fintech partnerships. With a robust financial standing, Al-Rajhi Bank has made significant contributions to the Kingdom's economic development by providing financing for large infrastructure projects and consumer loans. The bank continues to expand its digital offerings, aiming to position itself as a leading player in the global Islamic banking sector.
18. Banque Saudi Fransi ($6.11B)
Banque Saudi Fransi, with total assets of $6.11 billion in 2024, is a major financial institution in Saudi Arabia. The bank provides a variety of services, including retail banking, corporate banking, and investment banking. Banque Saudi Fransi has a strong focus on supporting both the private and public sectors by offering tailored financial products, such as loans, credit facilities, and capital market services. The bank plays a significant role in the financing of large-scale infrastructure and energy projects in Saudi Arabia, helping to drive economic growth. It also caters to a growing demand for financial services in the region by offering both traditional banking products and innovative solutions through digital platforms. Banque Saudi Fransi has expanded its operations internationally, especially within the Middle East and North Africa, where it aims to strengthen its regional presence. The bank’s services also include asset management, trade finance, and treasury management, providing clients with comprehensive financial solutions.
19. Arab National Bank ($5.89B)
Arab National Bank, with total assets of $5.89 billion in 2024, is one of the largest banks in Saudi Arabia. The bank offers an extensive range of services across retail banking, corporate banking, and investment banking. Arab National Bank is known for its strong presence in the corporate sector, offering business loans, trade finance, and investment products to support the growth of local businesses. The bank also provides personal banking products, such as mortgages, savings accounts, and credit cards, tailored to meet the needs of Saudi citizens and residents. Arab National Bank continues to grow by financing large-scale infrastructure projects, contributing to Saudi Arabia’s modernization efforts. The bank has also expanded its digital banking services, offering a range of online and mobile banking solutions to enhance customer convenience. With a focus on diversification, the bank is investing in technology to enhance its operational efficiency and customer service.
20. Riyad Bank ($5.82B)
Riyad Bank, with total assets of $5.82 billion in 2024, is one of the largest and most prominent financial institutions in Saudi Arabia. The bank offers a diverse array of financial services, including retail banking, corporate banking, and investment services. Riyad Bank is a key player in financing infrastructure projects across the Kingdom, helping to support the country's economic development and growth. In addition to its core banking services, the bank provides specialized products such as Islamic finance solutions and wealth management services to high-net-worth individuals and corporations. Riyad Bank is also investing heavily in digital transformation, enabling customers to access banking services through mobile apps, online platforms, and digital tools. As part of its expansion strategy, the bank is working to enhance its presence in international markets, with a particular focus on the Gulf Cooperation Council (GCC) region. Riyad Bank’s stable financial standing allows it to actively contribute to the Kingdom’s development initiatives.
21. Bupa Arabia for Cooperative Insurance ($5.79B)
Bupa Arabia for Cooperative Insurance, with total assets of $5.79 billion in 2024, is a leading health insurance provider in Saudi Arabia. The company offers a wide range of health insurance products designed to meet the needs of individuals, families, and corporate clients. Bupa Arabia’s services include both individual and group health plans, providing comprehensive coverage for medical, dental, and optical care. With a focus on customer satisfaction and quality care, the company is known for its high standards of service and accessibility. Bupa Arabia continues to innovate in the healthcare insurance sector, offering digital tools that allow policyholders to manage their benefits online, submit claims, and access healthcare services conveniently. The company plays a critical role in Saudi Arabia's growing healthcare sector, addressing the rising demand for affordable and accessible health insurance options. Bupa Arabia also partners with a broad network of healthcare providers to ensure its customers have access to quality medical services
22. Jabal Omar Development Company ($5.60B)
Jabal Omar Development Company, with total assets of $5.60 billion in 2024, is a prominent real estate developer in Saudi Arabia. The company is recognized for its large-scale mixed-use projects, particularly in the holy city of Mecca. Jabal Omar’s flagship development near the Haram Mosque is one of the largest real estate projects in the region, providing both residential and commercial spaces for pilgrims and visitors. The company is heavily involved in the Kingdom's infrastructure development, focusing on urban development and hospitality. Jabal Omar continues to drive innovation in the real estate sector by introducing modern facilities that cater to the needs of religious tourism. Its projects are designed to accommodate the increasing number of pilgrims visiting Mecca each year, contributing significantly to the local economy. Jabal Omar Development Company’s role in the real estate market also includes the development of high-end hotels, shopping centers, and office spaces, enhancing Mecca’s infrastructure.
23. Saudi Tadawul Group Holding Company ($5.50B)
Saudi Tadawul Group Holding Company, with total assets of $5.50 billion in 2024, is the operator of the Saudi Stock Exchange (Tadawul). Tadawul is the largest stock exchange in the Middle East and plays a crucial role in the Kingdom's financial market by facilitating the trading of stocks, bonds, and other financial instruments. Saudi Tadawul is actively working to enhance the liquidity and transparency of the Saudi market, aiming to make it more attractive to international investors. The company is focused on expanding its product offerings, such as introducing new trading platforms and financial instruments, to meet the evolving needs of the market. Saudi Tadawul is committed to fostering a more diversified and open financial market, providing the infrastructure to support the Kingdom's economic diversification efforts. It is also working to integrate international standards into its operations, which helps improve the overall efficiency and competitiveness of the Saudi financial markets.
24. SAL Saudi Logistics Services Company ($5.40B)
SAL Saudi Logistics Services, with total assets of $5.40 billion in 2024, is a leading logistics and transportation provider in Saudi Arabia. The company offers a range of services across air, sea, and land transportation, with a focus on efficient and reliable service delivery. SAL also provides warehousing and distribution solutions, which are critical for supporting Saudi Arabia’s trade and supply chain infrastructure. The company plays a vital role in facilitating both domestic and international trade, enabling the smooth movement of goods across borders. SAL is continually expanding its network of logistics services, integrating technology to improve operational efficiency and customer satisfaction. The company’s strong commitment to customer service has helped establish it as a trusted partner for businesses in various sectors, including retail, manufacturing, and energy. SAL’s focus on continuous improvement allows it to stay ahead in the competitive logistics industry.
25. Riyadh Cables Group Company ($5.20B)
Riyadh Cables, with total assets of $5.20 billion in 2024, is a leading manufacturer of electrical cables and products in Saudi Arabia. The company produces a wide range of cables used in power generation, telecommunications, and industrial applications. Riyadh Cables is integral to the Kingdom's infrastructure development, providing essential products for large-scale construction, energy, and telecommunications projects. The company is recognized for its high-quality standards and state-of-the-art manufacturing processes, which enable it to deliver reliable and efficient electrical products. Riyadh Cables is also focused on innovation, investing in new technologies and processes to improve manufacturing efficiency and reduce environmental impact. The company’s products are critical in supporting the energy and utilities sectors, helping to ensure the continued development of Saudi Arabia’s infrastructure.
26. Makkah Construction and Development Company ($5.10B)
Makkah Construction and Development Company, with total assets of $5.10 billion in 2024, plays a central role in real estate and infrastructure development in the holy city of Mecca. The company focuses on projects that cater to the growing influx of religious tourists, especially those visiting the Haram Mosque. Its portfolio includes hotels, commercial centers, residential complexes, and support infrastructure designed to accommodate millions of pilgrims annually. The company's developments are strategically positioned to provide easy access to the Grand Mosque, enhancing the overall pilgrimage experience. Makkah Construction has made substantial investments in urban planning and sustainability to preserve the historical and religious significance of the city. It continues to align with national efforts to improve the hospitality and tourism sectors under Saudi Arabia's Vision 2030. Through these initiatives, the company remains a vital contributor to Mecca’s modernization and the Kingdom’s broader economic diversification goals.
27. Yanbu National Petrochemical Company ($5.00B)
Yanbu National Petrochemical Company (Yansab), a subsidiary of SABIC, holds total assets of $5.00 billion in 2024 and is one of Saudi Arabia’s most prominent petrochemical producers. Yansab manufactures a wide range of products, including polyethylene, polypropylene, ethylene glycol, and other intermediate chemicals used in packaging, automotive, construction, and agriculture. The company operates an integrated petrochemical complex in Yanbu Industrial City, leveraging advanced technologies to optimize efficiency and output. Yansab emphasizes sustainability and environmental stewardship, continually working to reduce emissions and improve energy utilization. Its focus on operational excellence and innovation positions it as a key supplier to both domestic and global markets. As part of SABIC's industrial ecosystem, Yansab supports the development of downstream industries and contributes significantly to the Kingdom’s non-oil export revenues. The company also invests in R&D initiatives to create more value-added and environmentally friendly chemical solutions.
28. Alinma Bank ($4.90B)
Alinma Bank, with total assets of $4.90 billion in 2024, is a modern, Shariah-compliant financial institution serving individuals, businesses, and government entities across Saudi Arabia. The bank offers a comprehensive suite of financial services, including personal and corporate banking, treasury, investment solutions, and structured finance, all tailored to Islamic banking principles. Known for its innovative approach, Alinma has established itself as a leader in digital banking, offering seamless online platforms and mobile applications that support real-time account management and transactions. The bank is particularly active in financing development projects and SMEs, aligning with Saudi Arabia's economic transformation agenda. Alinma is also involved in promoting financial literacy and inclusion, helping underserved segments gain access to reliable financial services. Its commitment to customer-centric service, product innovation, and technological advancement makes it a growing force in the Kingdom’s banking landscape.
29. Bank Albilad ($4.80B)
Bank Albilad, with total assets of $4.80 billion in 2024, is a dynamic Islamic bank offering comprehensive Shariah-compliant financial services. The bank caters to individuals, corporates, and institutional clients through a wide range of offerings, including retail banking, corporate finance, investment banking, and international remittance services. A standout feature of Bank Albilad is its leadership in digital transformation within Islamic banking, having launched cutting-edge mobile banking and fintech solutions aimed at improving customer experience. The bank’s international remittance arm, Enjaz, is one of the most widely used money transfer services in the region. Bank Albilad plays a critical role in supporting key sectors of the Saudi economy, including real estate, infrastructure, and healthcare, through strategic lending and investment. Its efforts to expand customer reach and improve accessibility underscore its commitment to inclusive growth. The bank is also recognized for its focus on ESG (environmental, social, and governance) initiatives, aligning with global banking standard
30. Saudi Ground Services Company($4.70B)
Saudi Ground Services Company, with estimated total assets of $4.70 billion in 2024, is the leading provider of ground handling services across all airports in Saudi Arabia. SGS delivers a wide range of aviation support services, including passenger handling, ramp services, baggage handling, aircraft cleaning, and cargo logistics. The company operates in coordination with major domestic and international airlines, playing a vital role in ensuring efficient airport operations and smooth passenger experiences. With Saudi Arabia aiming to boost tourism and increase air traffic under Vision 2030, SGS has invested heavily in automation and smart technology to improve service delivery and reduce turnaround times. The company also emphasizes workforce development and operational safety, maintaining compliance with global aviation standards. As air travel continues to grow in the Kingdom, SGS is well-positioned to support the expansion and modernization of the aviation sector.