5 Least Innovative Companies That Are Still In Business Today

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1. Saudi Arabian Oil Company (TADAWUL:2222.SR)

Market Capitalization as of January 29, 2023: $1.93 trillion (1SAR = 0.27USD)

Saudi Arabian Oil Company (TADAWUL:2222.SR) is the world’s largest oil company and one of the most valuable firms in terms of market capitalization. Like other resource rich countries, Saudi Arabia also suffers from what’s called the ‘oil curse,’ where economies fail to innovate since oil provides a steady flow of revenue. After discovering oil in 1932, the firm has been consistently pumping it out since 1938. However, with an eye on the future, the Saudi Arabian Oil Company (TADAWUL:2222.SR) is heavily investing into up and coming technologies such as artificial intelligence.

Disclosure: None. You can also take a peek at 11 Best Mineral Stocks To Buy Now and 12 Best Holding Company Stocks To Invest In.

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