SABIC in top 100 for global market capitalisation
SABIC comes in at 63, with 5 other GCC companies in the top 500
SABIC has been ranked 63rd in the world in terms of market capitalization in the Financial Times Top 500 study, with 5 other GCC companies also listed.
SABIC ranked 63rd overall, with a market value of $88bn as of March 2012.
Together, the Six GCC companies included in the latest Top 500 companies have a combined market capitalization of $210bn, up 5.6% from March 2011.
SABIC is accompanied by Industries Qatar at 417 ($21bn). The other GCC companies are in banking and telecoms; Al-Rajhi Bank at 245 ($33bn), QNB Group at 325 ($26bn), Saudi Telecom at 404 ($22bn), and Emirates Telecom at 459 ($19.2bn).
The six GCC companies have advanced in the rankings since last year, with the QNB Group particularly moving up from 500 in March 2011 to 325 in March 2012.
The total market value of all participants in the study was $25.3tr.
The top company in the list at the end of March 2012 was Apple, with a market capitalization of $559bn, up 74% from a year earlier. Apple overtook ExxonMobil and PetroChina, despite higher oil prices.
The top five companies are all technology or oil and gas companies. Their combined market value was $1.8tr, equivalent to 7% of the Top 500 companies worldwide.