Best performing Saudi companies announced

17/04/2014 06:23 AST

A unique monthly Arabic business magazine, Saneou Al Hadath, has released its annual report on the ‘Best Performing Saudi Companies’ of 2013.

This seventh edition employed a mathematical approach to analyze companies that were listed on the Saudi stock market, Tadawul.

All companies were ranked based on six financial indicators and then categorised into their respective sectors to maintain fairness.

Of the 11 financial institutions that were evaluated, Al Rajihi Bank ranks number one in the banking sector, with 24 points. In electricity, Saudi Electricity Company earns the top spot for the third year in a row, although it shares its position with National Gas and Industrial Company (GASCO).

Saudi Telecom Company (STC) maintains its high ranking in telecommunications, whereas NADAC wins first place for the second time in the agriculture sector, out of 16 companies that were included in the research.

In the construction sector, which included an evaluation of 15 companies, Saudi Ceramic Company leads the ranking. In petrochemicals, Petro Rabigh retains its top position for the third consecutive year, while Hail Cement Company earns the highest spot in the cement segment.

Al Mowasah secures the top slot in the retail sector, out of 11 companies that were analyzed in the study. In miscellaneous investment, Kingdom Holding ranks number one, whereas Saudi Research and Marketing Group comes first in the media and publications sector for a third time.

The Gulf Today