Saudi Arabia’s Top 10 Major Export Companies

Mecca, Saudi Arabia

Mecca, Saudi Arabia

Five of Saudi Arabia’s 10 largest companies are financial institutions that support international trade transactions. Saudi Arabia is also home to a pair of diversified chemicals producers.

To give some contextual perspective on recent company performance, the overall value of Saudi exports fell by a sobering -46.4% from US$387.4 billion in 2012 to $207.6 billion during 2016. One factor causing the drop in the overall value of Saudi Arabian exports are depressed oil prices over the past five years.

In the analysis below, we compare Saudi Arabia’s top 10 export-oriented companies based on asset values, sales and profitability as of May 2017. Also presented is the Saudi city where each business has its headquarters.

Saudi Arabia’s Top 10 Major Export Companies


Below are Saudi Arabia’s biggest export-oriented companies organized by asset value. Shown within parentheses is the primary industry in which each company operates. Also shown is the change in asset value as of May 2017 compared to May 2016.

  1. National Commercial Bank (regional banks): US$117.7 billion, down -0.1% from 2016
  2. Al Rajhi Bank (regional banks): $90.6 billion, up 7.5%
  3. Saudi Basic Industries (diversified chemicals): $84.5 billion, down -3.4%
  4. Samba Financial Group (regional banks): $61.7 billion, down -1.6%
  5. Riyad Bank (regional banks): $58 billion, down -2.6%
  6. Saudi British Bank (regional banks): $49.6 billion, down -1%
  7. Saudi Telecom (telecommunications services): $27.1 billion, up 5%
  8. Saudi Arabian Mining (diversified metals, mining): $25.9 billion, down -0.9%
  9. Petro Rabigh (diversified chemicals): $15.5 billion, up 13.1%
  10. Almarai (food processing): $7.7 billion, up 3.2%

Four of these large Saudi businesses grew their asset values from 2016 to May 2017, led by diversified chemicals seller Petro Rabigh’s 13.1% gain.

Decliners ranged from -0.1% for National Commercial Bank up to -3.4% for another diversified chemicals producer, Saudi Basic Industries.


Sales is the life blood of all business, particularly for firms that compete in international trade. Via its 30% uptick, Riyad Bank increased its sales by the highest percentage from 2016 to May 2017. Six other major Saudi businesses posted improved sales ranging from 1.6% for Saudi Telecom up to 15.7% for the National Commercial Bank.

  1. Saudi Basic Industries: US$35.4 billion, down -11% from 2016
  2. Saudi Telecom: $13.8 billion, up 1.6%
  3. Petro Rabigh: $6.7 billion, down -1.5%
  4. National Commercial Bank: $6.1 billion, up 15.7%
  5. Al Rajhi Bank: $4.5 billion, up 12.8%
  6. Almarai: $3.9 billion, up 3.2%
  7. Riyad Bank: $2.6 billion, up 30%
  8. Saudi Arabian Mining: $2.5 billion, down -9.6%
  9. Samba Financial Group: $2.4 billion, up 7.6%
  10. Saudi British Bank: $2.2 billion, up 15%

Sales declines for three other top Saudi firms equaled -1.5% for Petro Rabigh, -9.6% for Saudi Arabian Mining and -11% for Saudi Basic Industries.


All 10 top Saudi firms were profitable as of May 2017. In first place was diversified chemicals seller Petro Rabigh which transitioned from a -$202.2 million loss as of May 2016 to almost $10 billion worth of black ink at May 2017.

  1. Petro Rabigh: US$9.8 billion, reversing a -$202.2 million loss
  2. Saudi Basic Industries: $4.8 billion, down -4.8% from 2016
  3. National Commercial Bank: $2.5 billion, up 2.1%
  4. Saudi Telecom: $2.3 billion, down -9.2%
  5. Al Rajhi Bank: $2.2 billion, up 6.7%
  6. Samba Financial Group: $1.3 billion, down -4%
  7. Saudi British Bank: $1 billion, down -10.5%
  8. Riyad Bank: $891.2 million, down -17.5%
  9. Almarai: $537.3 million, up 7.9%
  10. Saudi Arabian Mining: $106.8 million, down -21.9%

Three major Saudi businesses grew their profits at May 2017 compared to May 2016: National Commercial Bank (up 2.1%), Al Rajhi Bank (up 6.7%) and food processor Almarai (up 7.9%).

Declines ranged from -4% for Samba Financial Group to -21.9% for Saudi Arabian Mining.


Eight of Saudi Arabia’s top 10 major export companies have their headquarters in Riyadh, the capital and largest city in the Kingdom of Saudi Arabia.

  1. Al Rajhi Bank: Riyadh
  2. Almarai: Riyadh
  3. National Commercial Bank: Jeddah
  4. Petro Rabigh: Rabigh
  5. Riyad Bank: Riyadh
  6. Samba Financial Group: Riyadh
  7. Saudi Arabian Mining: Riyadh
  8. Saudi Basic Industries: Riyadh
  9. Saudi British Bank: Riyadh
  10. Saudi Telecom: Riyadh


Note some of the above company offerings may include products other than the principal category shown within parenthesis under the Assets tab.

For example, Savola Group not only manufactures food products, but also makes and sells edible oils, sugar and pasta products. The company also produces plastic products for industrial and commercial use.

See also Saudi Arabia’s Top 10 Exports, Highest Value Saudi Arabian Import Products, Saudi Arabia’s Top 10 Imports and Major Export Companies: Alcoholic Beverages

Research Sources:
Data.World Forbes Global 2000 2016 , Spreadsheet for 2016 Global 2000 rankings. Accessed on January 26, 2018

Forbes 2017 Global 2000 individual company profiles, Example of top Saudi company compiled for this study: Saudi Basic Industries. Accessed on January 26, 2017

Forbes 2017 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on January 26, 2017

Global Research Investment Update Samba Financial Group (SAMBA). Accessed on January 26, 2017

Independent Auditors’ Report, Consolidated Financial Statements of Riyad Bank. Accessed on January 26, 2017

The National Commercial Bank, Annual Report 2016. Accessed on January 26, 2017

The Saudi British Bank, Consolidated Financial Statements for the year ending December 2015. Accessed on January 26, 2017

Trade Map, International Trade Centre. Accessed on January 26, 2017

Wikipedia, Al-Rajhi Bank. Accessed on January 26, 2017

Wikipedia, Category: Companies of Saudi Arabia. Accessed on January 26, 2017

Wikipedia, List of companies of Saudi Arabia. Accessed on January 26, 2017