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Business Strategies for the Muslim World
   
 
April 2008: Rabi-II 1429: Issue 25 
 
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DS100

The 2004 DS100
Top 100 Companies of the Muslim World

Criteria |
DS100 Feedback
| Credits | Corrections

Click to see 2005 Ranking

Analysis
Where are the Brands & Service Companies?

Emerging Industry Diversity Counters Oil Dominance

Government
Owned
By Industry
By Country
COMPANY
Gov. RANK
DS
RANK
COUNTRY
REVENUE 2003* US$ (millions)
INDUSTRY
Saudi Arabian Oil Co. 1 1 1 Saudi Arabia  $   83,100 Oil & Gas - Integrated
National Iranian Oil Company 1 2 2 Iran  $   38,375 Oil & Gas - Integrated
Petroliam Nasional Bhd. (Petronas) 3 3 Malaysia  $   25,664 Oil & Gas - Integrated
Sonatrach 4 4 Algeria  $   24,100 Oil & Gas - Integrated
Kuwait Petroleum Corp. 2 5 5 Kuwait  $   22,911 Oil & Gas - Integrated
Pt Pertamina (Persero) 2 6 6 Indonesia  $   22,171 Oil & Gas - Integrated
Abu Dhabi National Oil Co. 2 7 7 United Arab Emirates  $   17,000 Oil & Gas - Integrated
Iraq National Oil Company 1 8 8 Iraq  $   14,100 Oil & Gas - Integrated
Ziraat Bank 9 12 Turkey  $     8,287 Commercial Banking
Egyptian General Petroleum Corporation 2 10 15 Egypt  $     7,235 Oil & Gas - Integrated
Qatar Petroleum 1 11 16 Qatar  $     6,900 Oil & Gas - Integrated
National Oil Company (NOC) 1 12 17 Libya  $     6,500 Oil & Gas - Integrated
Turk Telekom 13 20 Turkey  $     5,112 Telecommunications
Nigerian National Petroleum Corporation 2 14 21 Nigeria  $     4,874 Oil & Gas - Integrated
The Emirates Group 15 27 United Arab Emirates  $     3,816 Airline
Perusahaan Listrik Negara, Pt 2 16 33 Indonesia  $     3,233 Electric Utilities
Telkom Indonesia 17 34 Indonesia  $     3,227 Telecommunications
Tekel 2

18

41 Turkey  $     2,800 Crops
Vakif Bank 19 50 Turkey  $     2,372 Commercial Banking
National Petrochemical Company 20 53 Iran  $     2,124 Chemical Manufacturing
Kazmunaygas Exploration And Production 2 21 57 Kazakhstan  $     2,102 Oil & Gas - Integrated
Suez Canal Authority 2 22 61 Egypt  $     1,800 Misc. Transport
Maroc Telecom 23 62 Morocco  $     1,794 Telecommunications
Turkish Airlines 2 24 67 Turkey  $     1,559 Airline
National Bank Of Egypt 25 68 Egypt  $     1,577 Commercial Banking
National Commercial Bank 26 71 Saudi Arabia  $     1,461 Commercial Banking
Turkiye Seker Fabrikalari A.S. 27 79 Turkey  $     1,249 Food Processing
Asfour Crystal 2 28 84 Egypt  $     1,166
Qatar Petrochemical Company Ltd. 2,6 29 91 Qatar  $     1,076 Oil & Gas - Integrated
Gulf Air 30 98 Bahrain  $     1,020  Airline

 

 Reference notes:
 1. Revenue figures are estimates based on 2003 crude oil production (OPEC data) only
 2. Based on End of Fiscal Year 2002 (EOY 2003 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)
 6. QPCL is now held by Industries Qatar which was formed in April 2003

 * Revenue Numbers are based on available figures for 2003 Fiscal Year.
    Learn more about the criteria used and sources here

 

 


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