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Saudi Firms get top places in FT500 Global - ASHARQ AL-AWSAT English Archive
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Jeddah, SPA — Eight Saudi companies including Saudi Basic Industries Corporation (SABIC), Saudi Telecom Co. (STC) and Samba Financial Group have found their places on a list of the world”s top 500 companies published by Financial Times recently.

Other Saudi companies that secured a place on FT500 for the year 2005 were: Al-Rajhi Banking and Investment Company, Saudi Electricity Company (SEC), Riyadh Bank, Saudi British Bank (SABB) and Etihad Etisalat.

Saudi petrochemical giant SABIC jumped to 22nd position on the new list after it was placed 139th in the previous list for 2004. Four Saudi companies secured their places on the list for the first time, according to Al-Eqtisadiah business daily.

Asharq Al-Awsat

Asharq Al-Awsat

Asharq Al-Awsat is the world’s premier pan-Arab daily newspaper, printed simultaneously each day on four continents in 14 cities. Launched in London in 1978, Asharq Al-Awsat has established itself as the decisive publication on pan-Arab and international affairs, offering its readers in-depth analysis and exclusive editorials, as well as the most comprehensive coverage of the entire Arab world.

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