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Sunday, December 25, 2005

Muslim World's Top 100 Businesses Show Strong Growth In Sales

"...Saudi Aramco, the world's top oil producer, continues to lead the DS100™ as the largest business enterprise of the Muslim world with an estimated 36% rise in its revenues from the previous year. Overall, the energy sector dominates the top of the list with 8 of the top 10 being state-owned Integrated Oil & Gas companies. However, it is the diversified conglomerates that have the highest representation on the list (22 of the 100), with Turkish family owned conglomerates Koc Holding, Sabanci Holding, and Dogus Holding having the highest revenues.

The largest growth companies this year are part of the Orascom Group of Egypt with its publicly listed companies Orascom Telekom recording a 113% growth and Orascom Construction recording 98% revenue growth compared to previous year.

Turkish companies continue to lead the list with 25 represented enterprises, followed by 18 from Malaysia, 15 from Saudi Arabia, and 11 from Indonesia. Other countries represented include the UAE, Pakistan, Iran, Nigeria, Morocco, Kazakhstan, Egypt, Bahrain, and Algeria."

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