In this article we are going to list the 10 biggest Qatar companies by market cap. For a detailed coverage of this topic and a more comprehensive list please take a look at the 35 biggest Qatar companies by market cap.
10. Qatar Electricity & Water Company
Market cap (in millions): $5,050
Qatar Electricity & Water Company is the second-largest utility corporation in the MENA region, and is also involved in power generation and water desalination.
9. Qatar Gas Transport Company Limited
Market cap (in millions): $5,710
Qatar Gas Transport Company Limited is a shipping and maritime company, which may not be among the top gas tanker shipping companies in the world, but is still a leading company in the industry in the Gulf region.
8. The Commercial Bank
Market cap (in millions): $6,100
One of the largest banks in the Gulf, The Commercial Bank currently has over 24.8 billion QAR in cash and cash equivalents, and has introduced brand-new facilities for its customers.
7. Mesaieed Petrochemical Holding Company
Market cap (in millions): $6,790
Mesaieed Petrochemical Holding Company is the largest petrochemical company in Qatar and is a subsidiary of QatarEnergy.
6. Masraf Al Rayan
Market cap (in millions): $6,880
Masraf Al Rayan is one of many Islamic banks in Qatar, and provides both retail banking and private banking services.
5. Ezdan Holding Group
Market cap (in millions): $6,980
Ezdan Holding Group is one of the largest real estate developers not just in Qatar but in the Gulf region, while also being involved heavily in the hospitality and investment sector.
4. Ooredoo
Market cap (in millions): $8,870
The largest telecom company in Qatar, Ooredoo provides wireless, wire line and mobile services and has over 121 million customers across the globe, while also being the first country to launch 5G services in Qatar.
3. Qatar Islamic Bank
Market cap (in millions): $11,570
Qatari banks have a heavy presence in our list of the biggest Qatar companies by market cap, and Qatar Islamic Bank is no exception, with its net profit increasing by nearly 6% in Q1 2023 to reach almost $250 million.
2. Industries Qatar
Market cap (in millions): $21,680
Industries Qatar is the biggest conglomerate in the country, with companies in various industries including fertilizers, steel and petrochemicals. In February 2023, the company recorded a record net profit of QR8.8 billion.
1. Qatar National Bank
Market cap (in millions): $40,690
Easily topping the list of the 35 biggest Qatar companies by market is Qatar National Bank, which has operations in 31 countries across multiple continents. Half of the bank is owned by the Qatar Investment Authority, and in Q1 2023, the bank’s profits increased by 7%.
Insider Monkey focuses on uncovering the best investment ideas of hedge funds and insiders. Please subscribe to our free daily enewsletter to get the latest investment ideas from hedge funds’ investor letters by entering your email address below. You can also check out our articles on 10 Best Mid-Cap Dividend Aristocrats To Buy and 30 Best Hotels in the U.S..
