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The 30 Most Valuable Companies In Qatar as per Forbes Middle East

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Qatar is among the richest countries in the world, with a per capita income of nearly $96,610 in 2020 according to the IMF. Petroleum and natural gas are the cornerstones of its economy, with Qatar home to one of the largest reserves of natural gas in the world. While Qatar’s economy contracted by 3.6% in 2020 it is poised to grow by 1.9% in 2021, given a spile in natural gas prices, a general recovery in the global economy, and a low base effect. In addition, Qatar is scheduled to host the FIFA World Cup 2022, which will boost its infrastructure and tourism sectors.

Forbes Middle East’s list of Qatar’s Top Companies comprises three rankings: 30 Most Valuable Companies in Qatar; Top 10 Unlisted Companies in Qatar; and the 5 Most-Funded Startups In Qatar.

Methodology

For the “30 Most Valuable Companies In Qatar,” we ranked companies based on their market capitalization as of November 9, 2021.

For the “Top 10 Unlisted Companies In Qatar,” we ranked companies based on:
• Size of the company in terms of total assets and/or revenues.
• How important the company is to Qatar’s economy.
• Number of employees.
• Age of the company.

For the “5 Most-Funded Startups In Qatar,” we ranked companies based on the funds they had raised from external investors as of November 9, 2021. Only companies that disclosed their funding were ranked.

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QNB Group
QNB Group
Industries Qatar (IQ)
Industries Qatar (IQ)
Qatar Islamic Bank (QIB)
Qatar Islamic Bank (QIB)
Ezdan Holding Group
Ezdan Holding Group
Masraf Al Rayan (MAR)
Masraf Al Rayan (MAR)
Mesaieed Petrochemical Holding Company (MPHC)
Mesaieed Petrochemical Holding Company (MPHC)
Commercial Bank
Commercial Bank
Ooredoo Group
Ooredoo Group
Qatar Electricity & Water Co.
Qatar Electricity & Water Co.
Qatar Fuel (Woqod)
Qatar Fuel (Woqod)
Nakilat
Nakilat
Qatar International Islamic Bank (QIIB)
Qatar International Islamic Bank (QIIB)
Barwa Real Estate Group
Barwa Real Estate Group
Qatar Aluminum Manufacturing company (QAMCO)
Qatar Aluminum Manufacturing company (QAMCO)
Ahlibank
Ahlibank
Doha Bank
Doha Bank
Qatar Navigation (Milaha)
Qatar Navigation (Milaha)
Qatar Insurance company (QIC)
Qatar Insurance company (QIC)
Aamal Company
Aamal Company
Vodafone Qatar
Vodafone Qatar
United Development Company (UDC)
United Development Company (UDC)
Zad Holding Company
Zad Holding Company
Al Meera Consumer Goods Company (Al Meera)
Al Meera Consumer Goods Company (Al Meera)
Gulf International services
Gulf International Services (GIS)
Qatar National Cement
Qatar National Cement
Qatari Investors Group
Qatari Investors Group (QIG)
Baladna
Baladna
Gulf Warehousing Co (GWC)
Gulf Warehousing Co (GWC)
Medicare Group (MCGS)
Medicare Group (MCGS)
Mannai Corporation
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