Latest news with #ForbesMiddleEast
ILoveQatar.net
a day ago
- Business
- ILoveQatar.net
12 Qatari firms named among Forbes Middle East's Top 100 Listed Companies 2025
Forbes Middle East release the list of Top 100 Listed Companies 2025 which featured 12 Qatari firms. The Qatari firms listed included the following: QNB Group (#3) Qatar Islamic Bank (QIB) (#32) Sector: Banks & Financial Services Group CEO: Bassel Gamal Market Value: $13.3 billion Ooredoo Group (#33) Sector: Telecommunications Group CEO: Aziz Aluthman Fakhroo Market Value: $11.3 billion Industries Qatar (IQ) (#37) Sector: Industrials Chairman & Managing Director: Saad Sherida Al-Kaabi Market Value: $20.2 billion Commercial Bank (#47) Sector: Banks & Financial Services Group CEO: Joseph Abraham Market Value: $4.6 billion AlRayan Bank (#50) Sector: Banks & Financial Services Group CEO: Fahad Al Khalifa Market Value: $5.6 billion Dukhan Bank (#62) Sector: Banks & Financial Services Acting Group CEO: Ahmed Hashem Market Value: $5 billion Nakilat (#72) Sector: Logistics CEO: Abdullah Al-Sulaiti Market Value: $7 billion Qatar International Islamic Bank (QIIB) (#76) Sector: Banks & Financial Services CEO: Abdulbasit Al Shaibei Market Value: $4.4 billion Qatar Fuel (WOQOD) (#79) Doha Bank (#87) Ahlibank (#100) Saudi's energy company Saudi Aramco ranked at number 1 of the list. The companies are ranked based on data collected from the Arab stock exchanges and their reported sales, assets, and profits for the financial year of 2024 and market value as of April 25, 2025.
Egypt Today
3 days ago
- Business
- Egypt Today
TMG climbs to 4th in Forbes' Top 50 Public Companies in Egypt' list on surging sales, assets
Talaat Moustafa Group Holding (TMG) has climbed to fourth place on the Forbes Middle East list of 'Top 50 Public Companies in Egypt for 2025', following a substantial increase in sales and assets. The real estate developer was also named the leading company in its sector for the year. The company advanced two places to secure the fourth position. The ranking reflects growth that saw the company's sales rise to $837m from $593m, while net profits increased to $284m from $70m. Total assets grew to $7bn from $4.2bn. TMG's performance was supported by its operations as Egypt's largest real estate developer, with a land portfolio of 125.9 million square metres across Egypt, Saudi Arabia, Iraq, and Oman. In 2024, the group's sales tripled to $10bn, driven by the launch of the 'Banan' project in Saudi Arabia and the 'SouthMed' project in Egypt. The 'SouthMed' project has generated $7bn in sales since its launch in July 2024. In 2025, TMG continued its regional expansion with projects in Iraq and Oman, increasing its international land portfolio to 29 million square metres. The company said it anticipates generating approximately $33bn in sales from its projects across the three regional markets. The performance of Egyptian companies listed in the 'Top 50' showed broad growth over the past year. According to the report, the total assets of these companies grew by 33% to $118.8bn by the end of December 2024, a figure equivalent to over 34% of Egypt's GDP. Combined sales for the 50 firms increased by 34.5% to $35.6bn, and net profits rose by 45% to $6.5bn. Their collective market capitalisation reached $35.1bn as of market close on 25 April 2025, a 19.6% increase from the previous year's $29.4bn. The banking and financial services sector had the largest representation on the list with 17 companies, which together accounted for $13.5 billion in sales and $78.4bn in total assets. The industrial, real estate, and construction sectors followed, each with seven companies on the list. According to the publication, its research team gathered financial data from the Egyptian Exchange to compile the ranking. Companies were classified using four equally weighted metrics: sales, total assets, and net profits for the 2024 fiscal year, along with market capitalisation based on market close on 25 April 2025. Companies with equal scores received the same rank. Firms that had not disclosed their audited 2024 financial statements by 25 April 2025 were excluded from the list. The report used foreign currency exchange rates from 25 April 2025.
Daily News Egypt
3 days ago
- Business
- Daily News Egypt
TMG climbs to 4th in Forbes' Top 50 Public Companies in Egypt' list on surging sales, assets
Talaat Moustafa Group Holding (TMG) has climbed to fourth place on the Forbes Middle East list of 'Top 50 Public Companies in Egypt for 2025', following a substantial increase in sales and assets. The real estate developer was also named the leading company in its sector for the year. The company advanced two places to secure the fourth position. The ranking reflects growth that saw the company's sales rise to $837m from $593m, while net profits increased to $284m from $70m. Total assets grew to $7bn from $4.2bn. TMG's performance was supported by its operations as Egypt's largest real estate developer, with a land portfolio of 125.9 million square metres across Egypt, Saudi Arabia, Iraq, and Oman. In 2024, the group's sales tripled to $10bn, driven by the launch of the 'Banan' project in Saudi Arabia and the 'SouthMed' project in Egypt. The 'SouthMed' project has generated $7bn in sales since its launch in July 2024. In 2025, TMG continued its regional expansion with projects in Iraq and Oman, increasing its international land portfolio to 29 million square metres. The company said it anticipates generating approximately $33bn in sales from its projects across the three regional markets. The performance of Egyptian companies listed in the 'Top 50' showed broad growth over the past year. According to the report, the total assets of these companies grew by 33% to $118.8bn by the end of December 2024, a figure equivalent to over 34% of Egypt's GDP. Combined sales for the 50 firms increased by 34.5% to $35.6bn, and net profits rose by 45% to $6.5bn. Their collective market capitalisation reached $35.1bn as of market close on 25 April 2025, a 19.6% increase from the previous year's $29.4bn. The banking and financial services sector had the largest representation on the list with 17 companies, which together accounted for $13.5 billion in sales and $78.4bn in total assets. The industrial, real estate, and construction sectors followed, each with seven companies on the list. According to the publication, its research team gathered financial data from the Egyptian Exchange to compile the ranking. Companies were classified using four equally weighted metrics: sales, total assets, and net profits for the 2024 fiscal year, along with market capitalisation based on market close on 25 April 2025. Companies with equal scores received the same rank. Firms that had not disclosed their audited 2024 financial statements by 25 April 2025 were excluded from the list. The report used foreign currency exchange rates from 25 April 2025.
Zawya
05-06-2025
- Business
- Zawya
Forbes Middle East, Beltone Holding to launch Top Advisors & Investors summit
Arab Finance: Forbes Middle East and Beltone Holding announced the inaugural Top Advisors & Investors Summit, which is scheduled to take place in Cairo during the second half (H2) of 2025, according to a press release. The summit aims to contribute to reshaping investment strategies and channeling capital toward high-growth sectors of the future. It will gather global investors, Beltone's financial advisers, and top regional companies to explore emerging trends and unlock key opportunities within a dynamic investment landscape. This comes amid a backdrop of rapid economic and financial transformation across the MENA region. The panel discussions will touch upon emerging asset classes, the impact of digital transformation, and AI's role in revamping the business and investment landscape. Khuloud Al Omian, CEO and Editor-in-Chief at Forbes Middle East, commented: 'Launching this initiative, in collaboration with Beltone Holding, presents a strategic opportunity for leading economic advisors and investors to gather, exchange insights on evolving market dynamics, and uncover high-potential opportunities across sectors including finance, technology, services, healthcare, real estate, and tourism.' © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Khaleej Times
04-06-2025
- Business
- Khaleej Times
Reportage Group partners with Forbes Middle East at the Building the Future summit
Reportage Group partnered with Forbes Middle East for the Building the Future summit, held in Abu Dhabi. This gathering brought together the region's top government figures, industry leaders, and changemakers to explore how innovation, sustainability, and purpose-driven strategies are shaping the cities and economies of tomorrow. Among the speakers were Mohamed Ali Al Shorafa, the Chairman of the Department of Municipalities and Transport, Eng. Maysarah Mahmoud Eid, the Director General of ADPIC, and top executives from some of the region's most influential entities. The event served as a high-level platform for discussing the future of development, infrastructure, technology, and investment in the Middle East. A major highlight of the summit was a fireside chat with Andrea Nucera, CEO and Managing Director of Reportage Group, who shared bold insights on reshaping real estate through purposeful development. Nucera highlighted several key milestones in Reportage's journey, including surpassing $1.5 billion in sales by 2025, a testament to the Group's strategic growth and expanding footprint. But the conversation quickly moved beyond figures. He emphasized that sustainability is not just about the environment, it's also about social sustainability. For Reportage Group, that means designing communities that are not only eco-conscious but also inclusive, accessible, and attuned to the needs of modern life. When asked, 'In markets that are rapidly evolving, how does Reportage provide accessibility, particularly in terms of pricing and location, for the new generation of buyers?'Nucera underscored the brand's mission to make homeownership attainable for everyone, not just the privileged few. Through flexible payment plans, and a strong presence in prime locations, Reportage is redefining the real estate landscape. It has become the only developer in the UAE challenging traditional norms by offering investment opportunities to all segments of society, especially younger buyers entering the market for the first time.
