Forbes Middle East has revealed its annual ranking of the 100 most powerful public companies for 2024, which highlights the region's strongest companies in terms of size, market capitalization and profitability.
The ranking showed sales of the top 100 companies fell 5.1 percent from $1.1 trillion in 2022 to $1 trillion in 2023. Its total net profit fell 13.5 percent to $240.2 billion, and its total market capitalization fell 4.4 percent to $3.6 trillion through April 2024. The total asset value of 100 companies increased 5.4 percent to $4.9 trillion in 2023, compared to the previous year.
Source (Al-Khaleej Emirati Newspaper, Edited)
