Saudi Arabia’s Top 10 Major Export Companies

Mecca, Saudi Arabia

Mecca, Saudi Arabia

Three of Saudi Arabia’s 10 largest export companies produce diversified or specialized chemicals. Two other mammoth Saudi firms offer telecommunications services, while two other businesses operate in the food processing sector.

To give some contextual perspective on recent company performance, the overall value of Saudi exports fell by a sobering -44.8% from US$364.7 billion in 2011 to $201.5 billion during 2015. A major reason behind the drop in the overall value of Saudi Arabian exports is global plunge in oil prices over the past five years.

In the analysis below, we compare Saudi Arabia’s top 10 export companies based on asset values, sales and profitability as of May 2016. 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 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 2016 compared to 2015.

  1. Saudi Basic Industries (diversified chemicals): US$87.4 billion, down -3.3%
  2. Saudi Arabian Mining (diversified metals, mining): $26.1 billion, up 52.7%
  3. Saudi Telecom (telecommunications services): $25.8 billion, up 10.5%
  4. Petro Rabigh (diversified chemicals): $13.7 billion, up 12.1%
  5. Tasnee (conglomerates): $12.6 billion, no change
  6. Mobily (telecommunications services): $12.4 billion, no change
  7. Kingdom Holding (investment services): $11.5 billion, down -6.9%
  8. Almarai (food processing): $7.5 billion, up 20.3%
  9. Savola Group (food processing): $7.2 billion, up 9.1%
  10. Saudi Arabian Fertilizers (specialized chemicals): $2.5 billion, down -0.8%

Five of these large Saudi exporters grew their asset values from 2015 to May 2016, led by Saudi Arabian Mining’s 52.7% gain. Food processor Almarai expanded it assets by 20.3% followed by Petro Rabigh (up 12.1%), Saudi Telecom (up 10.5%) and another food processor Savola Group (up 9.1%).

Saudi investment services firm Kingdom Holding endured the greatest cutback in asset size shrinking by -6.9%.


Sales is the life blood of all business, particularly for firms that compete in international trade. Saudi Arabian Mining increase its sales by the highest percentage from 2015 to May 2016 with an 86.7% gain. Only two other top 10 firms boosted their sales by double-digits, with food processor Almarai posting a 26.3% sales improvement and Saudi Telecom moving ahead by 10.5%.

  1. Saudi Basic Industries: US$39.8 billion, down -21.1% from 2015
  2. Saudi Telecom: $13.6 billion, up 11.1%
  3. Savola Group: $7.1 billion, up 0.7%
  4. Petro Rabigh: $6.8 billion, down -49.6%
  5. Mobily: $6.7 billion, up 0.3%
  6. Tasnee: $4.9 billion, down -1%
  7. Almarai: $3.8 billion, up 26.3%
  8. Saudi Arabian Mining: $2.8 billion, up 86.7%
  9. Saudi Arabian Fertilizers: $873 million, down -20.6%
  10. Kingdom Holding: $537 million, down -23.3%

Sales declines ranged from a severe -49.6% drop diversified chemical company Petro Rabigh and a -23.3% decline for Kingdom Holding, an international investment services firm.


Reflecting the slowing global economy, diversified chemicals firm Petro Rabigh posted a loss as of May 2016. Among the remaining nine businesses, only food processor Almaria (up 24.5%) and industrial conglomerate Tasnee (up 4.7%) improved their profitability as of May 2016.

  1. Saudi Basic Industries: US$5 billion, down -25.2% from 2015
  2. Saudi Telecom: $2.5 billion, down -4.2%
  3. Mobily: $1.8 billion, down -1.1%
  4. Almarai: $497.8 million, up 24.5%
  5. Saudi Arabian Fertilizers: $486.9 million, down -39.1%
  6. Savola Group: $477.6 million, down -4.5%
  7. Tasnee: $314 million, up 4.7%
  8. Kingdom Holding: $188.5 million, down -5.8%
  9. Saudi Arabian Mining: $136.8 million, down -65.8%
  10. Petro Rabigh: -$202.2 million, down -302.2%

Saudi Arabian Mining posted the greatest profitability slowdown, with its black ink falling -65.8% from $400 million during 2015. Posting milder profit setbacks were Saudi Arabian Fertilizers with a -39.1% slowdown and Saudi Basic Industries’ -25.2% drop as of May 2016 compared to the diversified chemicals provider’s performance for 2015.


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

  1. Saudi Basic Industries: Riyadh
  2. Saudi Arabian Mining: Riyadh
  3. Saudi Telecom: Riyadh
  4. Petro Rabigh: Rabigh
  5. Tasnee: Riyadh
  6. Mobily: Riyadh
  7. Kingdom Holding: Riyadh
  8. Almarai: Riyadh
  9. Savola Group: Jeddah
  10. Saudi Arabian Fertilizers: Jubail Industrial City


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:
Forbes 2016 Global 2000 individual company profiles, Example of top Saudi company compiled for this study: Saudi Basic Industries. Accessed on August 16, 2016

Forbes 2015 Global 2000 rankings, The World’s Biggest Public Companies. Accessed on August 16, 2016

Trade Map, International Trade Centre. Accessed on August 16, 2016

Wikipedia, Category: Companies of Saudi Arabia. Accessed on August 16, 2016

Wikipedia, List of companies of Saudi Arabia. Accessed on August 16, 2016