The Clap
Five Saudi companies are among the top 100 petrochemical companies in the world in terms of market value, the only Arab or Gulf companies in the list, according to Al-Eqtisadiah newspaper
The Deets
The market value of the 100 largest petrochemical companies is estimated at $1.38 trillion, with the five Saudi companies accounting for 7.3% of the total value of international companies.
SABIC (2010) came in second place globally, with a market value of $73.8 billion.
Other Companies
Sipchem (2310) ranked 42nd, with a market cap of $8.4 billion.
Yansab (2290) ranked 44th, with a market cap of $7.2 billion.
Petro Rabigh (2380) ranked 47th, with a market capitalization of $6.4 billion.
Saudi Kayan (2350) ranked 53rd, with a market value of $5.7 billion.
Why this Matters
Saudi Arabia relies heavily on the petrochemical sector, as part of its national strategy.
KSA is targeting investment opportunities worth SAR 1 trillion, with the aim of achieving ambitious economic returns for the KSA by 2030.
