Oct 15 2011 |
more articles from
|
QNB Capital: Qatari Companies Rankings Rise in Top Global 500
Doha - Qatari companies continue to rise rapidly in the most valuable global company rankings, according to a QNB Capital analysis of the Financial Times' (FT) Global 500. The FT compiles an annual and quarterly list of the top 500 companies in the world by market capitalisation, wherein the larger the stock market valuation of a company, the higher it's ranking.The most valuable MENA company on the global 500 list is Saudi Basic Industries Corporation ( SABIC ), with a market capitalisation of US$73.2bn, followed by Al Rajhi Bank and QNB (see graph).
Three Qatari companies (QNB, Industries Qatar and Ezdan) feature in the latest FT global 500 listing, as at 30th September 2011, out of a total of seven MENA companies. Only Ezdan featured in the Global 500 list a year ago. Three Saudi companies ( SABIC , Al Rajhi Bank and Saudi Telecom) and one UAE company (Emirates Telecom) are the other MENA entries on the list.
Other Qatari companies have also performed well in the FT rankings over the last six months. The Qatari economy is well insulated from the economic difficulties facing other regions, presenting Qatari companies with good opportunities for growth and high profitability.
The total market capitalisation of the top global 500 companies declined by 17% during the third quarter of 2011, to total US$21.5trn, compared to US$26.0trn as at the end of the second quarter of 2011. The MSCI World index for large cap companies fell by 17.5% over the same period in dollar terms. The decline was a result of the euro-zone debt crisis, coupled with a faltering global economy.
A breakdown of the top global 500 companies by sectors show that banking is the largest sector, accounting for 15% of overall market capitalisation and including 74 companies, followed by oil and gas producers with a 13% share and including 41 companies. US companies dominate the top global 500 list, with a total of 168 companies accounting for 39% of overall market capitalisation. Japanese companies come in a distant second, with a total of 38 companies.
-Ends-© Press Release 2011
Zawya Comment Policy
-
Zawya encourages you to add a comment to this discussion. You agree that when you add content to this discussion your comments will not:
1.1 Contain any material which is libelous or defamatory of any person, is obscene, offensive, hateful or inflammatory or causes damage to the reputation of any person or organisation.
1.2 Promote sexually explicit material, violence, discrimination based on race, sex, religion, nationality, disability, sexual orientation or age or any illegal activity.
1.3 Be made in breach of any legal duty owed to a third party, such as a contractual duty or a duty of confidence.
1.4 Be threatening, abuse or invade another's privacy, or cause annoyance, inconvenience or needless anxiety.
1.5 Be used to impersonate any person, to misrepresent your identity or affiliation with any person, or be likely to deceive any person.
1.6 Give the impression that they represent Zawya.
1.7 Advocate, promote or assist any unlawful act such as (by way of example only) copyright infringement or computer misuse. - The content posted on www.zawya.com is created by members of the public. The views expressed are theirs and unless specifically stated are not those of Zawya. Zawya reserves the right to review all comments prior to posting and edit or delete any contribution, but Zawya is not responsible for and can not be held liable for any content posted by members of the public on www.zawya.com.
- Zawya is not responsible for the availability or content of any third party sites that are accessible through www.zawya.com. Any links to third party websites from www.zawya.com do not amount to any endorsement of that site by Zawya and any use of that site by you is at your own risk.
- By submitting your comment, you hereby give Zawya the right, but not the obligation, to post, air, edit, exhibit, telecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comments worldwide, in perpetuity.
Copyright © 2012 Zawya Ltd. All rights reserved. |
provided by www.zawya.com |
Post Your Comment