|
COMPANY |
RANK |
COUNTRY |
REVENUE 2004*
US$ (mln) |
% REV. GROWTH
'03-'04 |
TYPE |
INDUSTRY |
| Saudi Arabian Oil Co.1 |
1 |
Saudi Arabia |
$ 113,000 |
26.5% |
Government |
Oil & Gas - Integrated |
| National Iranian Oil Company1 |
2 |
Iran |
$ 50,400 |
23.9% |
Government |
Oil & Gas - Integrated |
| Petroliam Nasional Bhd. (Petronas) |
3 |
Malaysia |
$ 36,260 |
29.2% |
Government |
Oil & Gas - Integrated |
| Kuwait Petroleum Corp.1 |
4 |
Kuwait |
$ 27,200 |
15.8% |
Government |
Oil & Gas - Integrated |
| Iraq National Oil Company1 |
5 |
Iraq |
$ 26,500 |
46.8% |
Government |
Oil & Gas - Integrated |
| Sonatrach2 |
6 |
Algeria |
$ 24,100 |
|
Government |
Oil & Gas - Integrated |
| PT Pertamina (Persero)2 |
7 |
Indonesia |
$ 20,500 |
-8.2% |
Government |
Oil & Gas - Integrated |
| Kingdom Holding Co. |
8 |
Saudi Arabia |
$ 18,800 |
31.1% |
Private |
Investment Services |
| Nigerian National Petroleum Corporation1 |
9 |
Nigeria |
$ 18,600 |
28.5% |
Government |
Oil & Gas - Integrated |
| Saudi Basic Industries Corporation (SABIC) |
10 |
Saudi Arabia |
$ 18,274 |
31.7% |
Listed |
Chemical Manufacturing |
| Abu Dhabi National Oil Co. 1 |
11 |
United Arab Emirates |
$ 16,600 |
25.3% |
Government |
Oil & Gas - Integrated |
| Koc Holding A.S. |
12 |
Turkey |
$ 16,589 |
33.7% |
Listed |
Diversified - Automotive, Energy, Finance, Other |
| Turkish Petroleum Refineries Corporation (Tupras) |
13 |
Turkey |
$ 15,275 |
8.3% |
Listed |
Oil & Gas - Integrated |
| National Oil Company (NOC)1 |
14 |
Libya |
$ 11,900 |
9.2% |
Government |
Oil & Gas - Integrated |
| Qatar Petroleum1 |
15 |
Qatar |
$ 9,934 |
30.2% |
Government |
Oil & Gas - Integrated |
| Sabanci Holding |
16 |
Turkey |
$ 8,610 |
0.1% |
Private |
Diversified - Finance, Retail, Comm., Other |
| Saudi Telecom Company |
17 |
Saudi Arabia |
$ 8,132 |
9.6% |
Listed |
Telecommunications |
| Egyptian General Petroleum Corporation (EGPC)1 |
18 |
Egypt |
$ 7,816 |
18.9% |
Government |
Oil & Gas - Integrated |
| Petrol Ofisi A.S. |
19 |
Turkey |
$ 7,722 |
19.2% |
Listed |
Oil & Gas Operations |
| Ziraat Bank |
20 |
Turkey |
$ 6,735 |
-23.0% |
Government |
Commercial Banking |
| Perusahaan Listrik Negara, PT |
21 |
Indonesia |
$ 6,373 |
12.6% |
Government |
Electric Utilities |
| Dogus Holding Co. |
22 |
Turkey |
$ 5,842 |
18.3% |
Private |
Diversified - Finance, Automotive, Retail, Other |
| Dogan Holding |
23 |
Turkey |
$ 5,744 |
22.3% |
Listed |
Diversified - Finance, Energy, Media, Other |
| The Emirates Group |
24 |
United Arab Emirates |
$ 5,198 |
26.6% |
Government |
Airline |
| Eurasia Group |
25 |
Kazakhstan |
$ 5,000 |
|
Private |
Mining and Construction |
| Saudi Binladin Group |
25 |
Saudi Arabia |
$ 5,000 |
|
Private |
Diversified - Construction, Telecom, Mining |
| Turk Telekom |
27 |
Turkey |
$ 4,981 |
4.2% |
Government |
Telecommunications |
| Dallah Albaraka Group |
28 |
Saudi Arabia |
$ 4,960 |
6.6% |
Private |
Diversified - Finance, Media, Other |
| Saudi Electric Company |
29 |
Saudi Arabia |
$ 4,721 |
0.1% |
Listed |
Electric Utilities |
| Tenaga Nasional bhd |
30 |
Malaysia |
$ 4,687 |
7.6% |
Listed |
Electric Utilities |
| Isbank |
31 |
Turkey |
$ 4,579 |
6.3% |
Listed |
Commercial Banking |
| Astra International |
32 |
Indonesia |
$ 4,515 |
24.6% |
Listed |
Diversified - Auto, Finance, Other |
| Amsteel Corporation Bhd |
33 |
Malaysia |
$ 4,315 |
72.2% |
Listed |
Diversified - Steel, Retail, Agriculture, Other |
| Akbank TAS |
34 |
Turkey |
$ 4,061 |
-17.5% |
Listed |
Commercial Banking |
| Sime Darby Bhd |
35 |
Malaysia |
$ 3,940 |
8.1% |
Listed |
Diversified - Plantations, Heavy equip., Auto, Other |
| M.A. Kharafi & Sons |
36 |
Kuwait |
$ 3,900 |
|
Private |
Diversified - Engineering, construction, other |
| Iran Khodro PLC |
37 |
Iran |
$ 3,800 |
34.2% |
Listed |
Auto & Truck Manufacturing |
| National Petrochemical Company |
38 |
Iran |
$ 3,600 |
41.0% |
Government |
Chemical Manufacturing |
| Ulker |
39 |
Turkey |
$ 3,600 |
|
Listed |
Food Processing |
| Telekom Malaysia Bhd |
40 |
Malaysia |
$ 3,501 |
11.3% |
Listed |
Telecommunications |
| Telkom Indonesia |
41 |
Indonesia |
$ 3,378 |
4.5% |
Government |
Telecommunications |
| Abdul Latif Jameel Group 2 |
42 |
Saudi Arabia |
$ 3,300 |
0.0% |
Private |
Retail - Automobile |
| Yapi Kredi Bank3 |
43 |
Turkey |
$ 3,298 |
-8.1% |
Listed |
Commercial Banking |
| Pakistan State Oil Company Ltd. |
44 |
Pakistan |
$ 3,264 |
-5.8% |
Listed |
Oil & Gas Operations |
| Saudi Oger Company Ltd. |
45 |
Saudi Arabia |
$ 3,250 |
3.1% |
Private |
Construction Services |
| EreĞli Iron & Steel Works Co. (Erdemir) |
46 |
Turkey |
$ 3,233 |
28.4% |
Listed |
Iron and Steel |
| TurkCell |
47 |
Turkey |
$ 3,201 |
30.7% |
Listed |
Telecommunications |
| Saad Group of Companies |
48 |
Saudi Arabia |
$ 3,001 |
40.0% |
Private |
Diversified - Construction, Healthcare, IT |
| Vakif Bank |
49 |
Turkey |
$ 2,938 |
1.1% |
Government |
Commercial Banking |
| PPB GROUP |
50 |
Malaysia |
$ 2,910 |
15.8% |
Listed |
Diversified - Food production and processing, Property |
| Emirates Telecommunications Corporations (Etisalat) |
51 |
United Arab Emirates |
$ 2,841 |
11.6% |
Listed |
Telecommunications |
| Tekel2 |
52 |
Turkey |
$ 2,800 |
0.0% |
Government |
Crops |
| Turkish Airlines |
53 |
Turkey |
$ 2,793 |
24.9% |
Government |
Airline |
| Petronas Dagangan Bhd |
54 |
Malaysia |
$ 2,601 |
8.8% |
Listed |
Oil & Gas Operations |
| Maybank Group |
55 |
Malaysia |
$ 2,555 |
5.8% |
Listed |
Commercial Banking |
| Bank Mandiri |
56 |
Indonesia |
$ 2,505 |
-17.0% |
Listed |
Commercial Banking |
| Gudang Garam Tbk PT |
57 |
Indonesia |
$ 2,486 |
4.8% |
Listed |
Tobacco |
| Group ONA |
58 |
Morocco |
$ 2,448 |
5.4% |
Listed |
Diversified - Mining, Construction, Finance, Other |
| Malaysian Airline System Bhd |
59 |
Malaysia |
$ 2,323 |
-0.9% |
Listed |
Airline |
| ETA - Ascon Group |
60 |
United Arab Emirates |
$ 2,300 |
|
Private |
Diversified - Engineering, construction, other |
| Eczacibasi Holdings |
61 |
Turkey |
$ 2,219 |
22.3% |
Private |
Diversified - Pharma, Construction, Retail |
| Orascom Telecom Holding |
62 |
Egypt |
$ 2,178 |
53.1% |
Listed |
Telecommunications |
| Consolidated Contractors International Company S.A.L |
63 |
Saudi Arabia |
$ 2,140 |
15.9% |
Private |
Construction Services |
| Vestel 4,2 |
64 |
Turkey |
$ 2,131 |
|
Listed |
Appliance & Tools |
| KazMunayGas Exploration and Production 2 |
65 |
Kazakhstan |
$ 2,102 |
|
Government |
Oil & Gas - Integrated |
| Malaysia International Shipping Corp. Berhad (MISC) |
66 |
Malaysia |
$ 2,011 |
28.9% |
Listed |
Water Transportation |
| Jumbo Electronics Co. Ltd. |
67 |
United Arab Emirates |
$ 2,000 |
|
Private |
Appliance & Tools |
| Maroc Telecom |
68 |
Morocco |
$ 1,954 |
8.2% |
Government |
Telecommunications |
| Bank Rakyat Indonesia |
69 |
Indonesia |
$ 1,724 |
5.9% |
Listed |
Commercial Banking |
| Enka Holdings |
70 |
Turkey |
$ 1,878 |
38.3% |
Listed |
Construction Services |
| H. M. Sampoerna |
71 |
Indonesia |
$ 1,806 |
16.9% |
Listed |
Tobacco |
| Indofood |
72 |
Indonesia |
$ 1,800 |
0.9% |
Listed |
Food Processing |
| Suez Canal Authority 2 |
72 |
Egypt |
$ 1,800 |
|
Government |
Misc. Transport |
| Bumiputra-Commerce Holdings BHD |
74 |
Malaysia |
$ 1,786 |
10.0% |
Listed |
Commercial Banking |
| Perusahaan Otomobil Nasional Bhd (Proton) |
75 |
Malaysia |
$ 1,688 |
21.6% |
Listed |
Auto & Truck Manufacturing |
| UMW Holdings Bhd |
76 |
Malaysia |
$ 1,658 |
16.5% |
Listed |
Diversified - Auto, Oil & Gas, Manufacturing |
| Turkiye Sise ve Cam Fabrikalari A.S. |
77 |
Turkey |
$ 1,629 |
5.6% |
Listed |
Glass and Glass Product Maufacturing |
| Bank Central Asia Tbk |
78 |
Indonesia |
$ 1,620 |
6.6% |
Listed |
Commercial Banking |
| IOI Group |
79 |
Malaysia |
$ 1,610 |
17.8% |
Listed |
Crops |
| National Commercial Bank |
80 |
Saudi Arabia |
$ 1,592 |
8.2% |
Government |
Commercial Banking |
| Borusan Holding |
81 |
Turkey |
$ 1,589 |
35.9% |
Private |
Diversified -Steel, Auto Distribution, IT |
| Maxis Communications Bhd |
82 |
Malaysia |
$ 1,508 |
18.4% |
Listed |
Telecommunications |
| Emaar Properties |
83 |
United Arab Emirates |
$ 1,506 |
29.0% |
Listed |
Construction Services |
| Bank Negara Indonesia Tbk, PT |
84 |
Indonesia |
$ 1,501 |
-14.3% |
Listed |
Commercial Banking |
| Savola Group |
85 |
Saudi Arabia |
$ 1,500 |
12.4% |
Listed |
Food Processing |
| Berjaya Group |
86 |
Malaysia |
$ 1,470 |
-28.7% |
Listed |
Diversified - Finance, Retail, Property Dev. |
| Industries Qatar |
87 |
Qatar |
$ 1,455 |
|
Listed |
Integrated petrochemical and steel industries. |
| Arab Bank PLC |
88 |
Jordan |
$ 1,443 |
11.9% |
Listed |
International Trade Financing |
| Orascom Construction Industries* |
89 |
Egypt |
$ 1,412 |
49.5% |
Listed |
Construction Services |
| Ciner Group (Previously Park Group)2 |
90 |
Turkey |
$ 1,400 |
|
Private |
Textile, Energy, Mining |
| Al Rajhi Banking and Investment Corp. |
91 |
Saudi Arabia |
$ 1,384 |
20.3% |
Listed |
Commercial Banking |
| Turkiye Seker Fabrikalari A.S. |
92 |
Turkey |
$ 1,360 |
8.2% |
Government |
Food Processing |
| Telekom Egypt |
93 |
Egypt |
$ 1,359 |
7.4% |
Listed |
Telecommunications |
| Finansbank A.S. 5 |
94 |
Turkey |
$ 1,349 |
-0.8% |
Listed |
Commercial Banking |
| Public Bank Bhd. |
95 |
Malaysia |
$ 1,315 |
15.3% |
Listed |
Commercial Banking |
| Pakistan Telecommunication Company Ltd. |
96 |
Pakistan |
$ 1,312 |
9.4% |
Listed |
Telecommunications |
| Samba Financial Group |
97 |
Saudi Arabia |
$ 1,283 |
14.7% |
Listed |
Commercial Banking |
| Gulf Air |
98 |
Bahrain |
$ 1,264 |
19.3% |
Government |
Airline |
| Genting Berhad |
99 |
Malaysia |
$ 1,230 |
9.4% |
Listed |
Diversified - Hospitality, Plantations, Property, Other |
| Oil and Gas Development Limited (OGDCL) |
100 |
Pakistan |
$ 1,228 |
30.4% |
Listed |
Oil & Gas - Integrated |
|
|
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Reference notes:
1. Revenue figures are estimates based on 2004 crude oil production (OPEC data) only
2. Based on End of Fiscal Year 2003 or earliest available (EOY 2004 could not be obtained)
3. Owned by Cukurova Group, Turkey (Cukurova Groups revenue could not be obtained)
4. Owned by Zorlu Holding, Turkey (Zorlu Holdings' revenue could not be obtained)
5. Owned by Fiba Holding, Turkey (Fiba Holdings' revenue could not be obtained)
* Revenue Numbers are based on available figures for 2004 Fiscal Year.
Learn more about the criteria used and sources here
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