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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

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Click to see 2005 Ranking

Analysis
Where are the Brands & Service Companies?

Emerging Industry Diversity Counters Oil Dominance

Full List
By Industry
By Country
COMPANY
RANK
COUNTRY
REVENUE 2003* US$ (millions)
TYPE
INDUSTRY
Saudi Arabian Oil Co. 1 1 Saudi Arabia  $   83,100 Government Oil & Gas - Integrated
National Iranian Oil Company 1 2 Iran  $   38,375 Government Oil & Gas - Integrated
Petroliam Nasional Bhd. (Petronas) 3 Malaysia  $   25,664 Government Oil & Gas - Integrated
Sonatrach 4 Algeria  $   24,100 Government Oil & Gas - Integrated
Kuwait Petroleum Corp. 2 5 Kuwait  $   22,911 Government Oil & Gas - Integrated
Pt Pertamina (Persero) 2 6 Indonesia  $   22,171 Government Oil & Gas - Integrated
Abu Dhabi National Oil Co. 2 7 United Arab Emirates  $   17,000 Government Oil & Gas - Integrated
Iraq National Oil Company 1 8 Iraq  $   14,100 Government Oil & Gas - Integrated
Saudi Basic Industries Corporation (SABIC) 9 Saudi Arabia  $   12,478 Listed Chemical Manufacturing
Koc Holding A.S. 10 Turkey  $   10,995 Listed Diversified -Automotive, Energy, Finance
Kingdom Holding Co. 2 11 Saudi Arabia  $     9,493 Private Investment Services
Ziraat Bank 12 Turkey  $     8,287 Government Commercial Banking
Saudi Telecom Company 13 Saudi Arabia  $     7,352 Listed Telecommunications
Sabanci Holding 14 Turkey  $     7,300 Private Diversified-Finance, Retail, Communication
Egyptian General Petroleum Corporation 2 15 Egypt  $     7,235 Government Oil & Gas - Integrated
Qatar Petroleum 1 16 Qatar  $     6,900 Government Oil & Gas - Integrated
National Oil Company (NOC) 1 17 Libya  $     6,500 Government Oil & Gas - Integrated
Turkish Petroleum Refineries Corporation (Tupras) 18 Turkey  $     5,917 Listed Oil & Gas - Integrated
Petrol Ofisi A.S. 19 Turkey  $     5,534 Listed Oil & Gas Operations
Turk Telekom 20 Turkey  $     5,112 Government Telecommunications
Nigerian National Petroleum Corporation 2 21 Nigeria  $     4,874 Government Oil & Gas - Integrated
Saudi Electric Company 22 Saudi Arabia  $     4,714 Listed Electric Utilities
Dallah Albaraka Group 2 23 Saudi Arabia  $     4,633 Private Diversified-Finance, Media
Dogan Holding 24 Turkey  $     4,461 Listed Diversified-Finance, Energy, Media, Industry,
Tenaga Nasional Bhd 25 Malaysia  $     4,332 Listed Electric Utilities
Isbank 26 Turkey  $     4,289 Listed Commercial Banking
The Emirates Group 27 United Arab Emirates  $     3,816 Government Airline
Bank Mandiri 28 Indonesia  $     3,750 Listed Commercial Banking
Dogus Holding Co. 29 Turkey  $     3,700 Private Diversified-Finance, Automotive, Retail
Sime Darby Bhd 30 Malaysia  $     3,622 Listed Diversified- Plantations, Heavy Equipment, Auto
Astra International 31 Indonesia  $     3,406 Listed Diversified-Auto, Finance, Heavy Equipment
Abdul Latif Jameel Group 2 32 Saudi Arabia  $     3,300 Private Retail - Automobile
Perusahaan Listrik Negara, Pt 2 33 Indonesia  $     3,233 Government Electric Utilities
Telkom Indonesia 34 Indonesia  $     3,227 Government Telecommunications
Akbank TAS 35 Turkey  $     3,215 Listed Commercial Banking
Saudi Oger Company Ltd. 36 Saudi Arabia  $     3,150 Private Construction Services
Oriental Holdings Bhd. 37 Malaysia  $     3,134 Listed Auto & Truck Parts
Telekom Malaysia Bhd 38 Malaysia  $     3,105 Listed Telecommunications
Yapi Kredi Bank 3 39 Turkey  $     3,086 Listed Commercial Banking
Pakistan State Oil Company Ltd. 40 Pakistan  $     3,044 Listed Oil & Gas Operations
Tekel 2 41 Turkey  $     2,800 Government Crops
Group ONA 42 Morocco  $     2,541 Listed Diversified-Mining, Construction, Finance
Emirates Telecommunications Corporations (Etisalat) 43 United Arab Emirates  $     2,512 Listed Telecommunications
Iran Khodro Plc 2 44 Iran  $     2,500 Listed Auto & Truck Manufacturing
PPB Group 45 Malaysia  $     2,451 Listed Diversified-Food, Property
Perusahaan Otomobil Nasional Bhd (Proton) 46 Malaysia  $     2,439 Listed Auto & Truck Manufacturing
Petronas Dagangan Bhd 47 Malaysia  $     2,588 Listed Oil & Gas Operations
Maybank Group 48 Malaysia  $     2,408 Listed Commercial Banking
Gudang Garam Tbk Pt 2 49 Indonesia  $     2,305 Listed Tobacco
Vakif Bank 50 Turkey  $     2,372 Government Commercial Banking
Malaysian Airline System Bhd 51 Malaysia  $     2,281 Listed Airline
Turkcell 52 Turkey  $     2,219 Listed Telecommunications
National Petrochemical Company 53 Iran  $     2,124 Government Chemical Manufacturing
Vestel 4 54 Turkey  $     2,131 Listed Appliance & Tools
BFI Finance Indonesia 2 55 Indonesia  $     2,120 Listed Commercial Banking
FFM Berhad 56 Malaysia  $     2,105 Listed Food Processing
Kazmunaygas Exploration And Production 2 57 Kazakhstan  $     2,102 Government Oil & Gas - Integrated
Indofood Sukses Makmur Tbk., Pt 58 Indonesia  $     1,961 Listed Food Processing
Berjaya Group 59 Malaysia  $     1,892 Listed Diversified-Finance, Retail, Property Dev.
Consolidated Contractors International Company S.A.L 60 Saudi Arabia  $     1,800 Private Construction Services
Suez Canal Authority 2 61 Egypt  $     1,800 Government Misc. Transport
Maroc Telecom 62 Morocco  $     1,794 Government Telecommunications
Eczacibasi Holdings 63 Turkey  $     1,723 Private Diversified- Pharma, Construction, Retail
Bank Negara Indonesia Tbk, Pt 64 Indonesia  $     1,716 Listed Commercial Banking
Commerce Asset-Holding Bhd 65 Malaysia  $     1,607 Listed Commercial Banking
Pt Hanjaya Mandala Sampoerna Tbk 66 Indonesia  $     1,607 Listed Tobacco
Turkish Airlines 2 67 Turkey  $     1,559 Government Airline
National Bank Of Egypt 68 Egypt  $     1,577 Government Commercial Banking
Bank Central Asia Tbk 69 Indonesia  $     1,513 Listed Commercial Banking
Arab Banking Corporation Bsc 70 Bahrain  $     1,494 Listed International Trade Financing
National Commercial Bank 71 Saudi Arabia  $     1,461 Government Commercial Banking
Malaysia International Shipping Corp. Berhad (MISC) 72 Malaysia  $     1,430 Listed Water Transportation
Park Group 73 Turkey  $     1,400 Private Diversified- Textile, Energy, Mining
Ereğli Iron And Steel Works Co. 74 Turkey  $     1,345 Listed Iron And Steel
Savola Group 75 Saudi Arabia  $    1,315 Listed Food Processing
Edaran Otomobil Nasional Bhd (EON) 76 Malaysia  $     1,313 Listed Retail - Automobile
Drb-Hicom Bhd 77 Malaysia  $     1,290 Listed Diversified- Automotive, Property, Services
Arab Bank Plc 78 Jordan  $     1,272 Listed International Trade Financing
Turkiye Seker Fabrikalari A.S. 79 Turkey  $     1,249 Government Food Processing
Maxis Communications Berhad 80 Malaysia  $     1,231 Listed Telecommunications
Amsteel Corporation Bhd 81 Malaysia  $     1,200 Listed Diversified- Steel, Retail, Agriculture, Real Estate
Pakistan Telecommunication Company Ltd. 82 Pakistan  $     1,189 Listed Telecommunications
Turkiye Sise Ve Cam Fabrikalari A.S. 83 Turkey  $     1,298 Listed Glass And Glass Product Maufacturing
Asfour Crystal 2 84 Egypt  $     1,166 Government  
Enka Holdings Yatrim As 85 Turkey  $     1,159 Listed Construction Services
Genting Berhad 86 Malaysia  $     1,115 Listed Diversified- Hospitality, Plantations, Property
Al Rajhi Banking And Investment Corp. 87 Saudi Arabia  $     1,104 Listed Commercial Banking
Olayan Financing Company L L C 2 88 Saudi Arabia  $     1,102