Kuwait's Largest Companies by market capitalization, 2024
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Kuwait's Largest Companies by market capitalization, 2024
As of February 12, 2024, KUWAIT FINANCE HOUSE is the most valuable company in Kuwait, with a market cap of $36.79 billion. Following it are NATIONAL BANK OF KUWAIT ($25.02 billion) and BOUBYAN BANK ($8.02 billion). Kuwait’s top five most valuable companies include some of the world’s most renowned brands: MOBILE TELECOMMUNICATIONS COMPANY (No. 4, $7.23 billion) and AGILITY PUBLIC WAREHOUSING COMPANY (No. 5, $4.99 billion).
Overall, among Kuwait’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by GULF BANK K.S.C.P., MABANEE COMPANY K.P.S.C., COMMERCIAL BANK OF KUWAIT K.P.S.C., BURGAN BANK K.P.S.C, AHLI UNITED BANK K.S.C.P.
Which one is the most valuable in Kuwait by market cap? This list comprises the biggest companies currently in Kuwait by market cap in 2024:
Kuwait's Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAP (US $) |
|---|---|---|
| 1 | KUWAIT FINANCE HOUSE K.S.C.P. | $36.79 B |
| 2 | NATIONAL BANK OF KUWAIT S.A.K.P. | $25.02 B |
| 3 | BOUBYAN BANK K.S.C.P. | $8.02 B |
| 4 | MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P. | $7.23 B |
| 5 | AGILITY PUBLIC WAREHOUSING COMPANY K.S.C.P. | $4.99 B |
| 6 | GULF BANK K.S.C.P. | $3.45 B |
| 7 | MABANEE COMPANY K.P.S.C. | $3.35 B |
| 8 | COMMERCIAL BANK OF KUWAIT K.P.S.C. | $2.92 B |
| 9 | BURGAN BANK K.P.S.C. | $2.11 B |
| 10 | AHLI UNITED BANK K.S.C.P. | $2.07 B |
| 11 | NATIONAL MOBILE TELECOMMUNICATIONS COMPANY K.S.C.P. | $2.05 B |
| 12 | AL AHLI BANK OF KUWAIT K.S.C.P. | $2.03 B |
| 13 | KUWAIT TELECOMMUNICATIONS COMPANY K.S.C.P. | $1.91 B |
| 14 | GULF INSURANCE GROUP K.S.C.P. | $1.72 B |
| 15 | NATIONAL INDUSTRIES GROUP HOLDING - KPSC | $1.66 B |
| 16 | KUWAIT PROJECTS COMPANY HOLDING K.S.C.P. | $1.57 B |
| 17 | HUMANSOFT HOLDING COMPANY K.S.C.P. | $1.37 B |
| 18 | BOURSA KUWAIT SECURITIES COMPANY K.P.S.C. | $1.30 B |
| 19 | WARBA BANK K.S.C.P. | $1.27 B |
| 20 | GULF CABLE AND ELECTRICAL INDUSTRIES COMPANY - KPSC | $1.01 B |
| 21 | BOUBYAN PETROCHEMICAL COMPANY K.S.C.P. | $1.00 B |
| 22 | ALI AL-GHANIM SONS AUTOMOTIVE COMPANY K.S.C.P. | $965 M |
| 23 | GFH FINANCIAL GROUP BSC | $896 M |
| 24 | KUWAIT INTERNATIONAL BANK K.S.C.P. | $786 M |
| 25 | SALHIA REAL ESTATE COMPANY K.S.C.P. | $780 M |
| 26 | NATIONAL INVESTMENTS COMPANY K.S.C.P. | $766 M |
| 27 | JAZEERA AIRWAYS K.S.C.P. | $729 M |
| 28 | KUWAIT REAL ESTATE COMPANY K.P.S.C. | $722 M |
| 29 | ALAFCO AVIATION LEASE AND FINANCE COMPANY K.S.C.P. | $659 M |
| 30 | ARABI GROUP HOLDING COMPANY K.S.C. (PUBLIC) | $640 M |
| 31 | MEZZAN HOLDING COMPANY K.S.C.P. | $618 M |
| 32 | COMMERCIAL REAL ESTATE COMPANY K.P.S.C. | $610 M |
| 33 | ARZAN FINANCIAL GROUP FOR FINANCING AND INVESTMENT - KPSC | $592 M |
| 34 | SHAMAL AZ-ZOUR AL-OULA POWER AND WATER COMPANY KSC (PUBLIC) | $586 M |
| 35 | TAMDEEN INVESTMENT COMPANY - KSCP | $565 M |
| 36 | AL-MAIDAN CLINIC FOR ORAL HEALTH SERVICES COMPANY K.S.C.P. | $523 M |
| 37 | IFA HOTELS AND RESORTS - KPSC | $520 M |
| 38 | TAMDEEN REAL ESTATE COMPANY - KPSC | $514 M |
| 39 | NATIONAL REAL ESTATE COMPANY - K.P.S.C. | $509 M |
| 40 | GULF INVESTMENT HOUSE - KPSC | $504 M |
| 41 | NATIONAL INVESTMENTS COMPANY K.S.C.P. | $766 M |
| 42 | JAZEERA AIRWAYS K.S.C.P. | $729 M |
| 43 | KUWAIT REAL ESTATE COMPANY K.P.S.C. | $722 M |
| 44 | ALAFCO AVIATION LEASE AND FINANCE COMPANY K.S.C.P. | $659 M |
| 45 | ARABI GROUP HOLDING COMPANY K.S.C. (PUBLIC) | $640 M |
| 46 | MEZZAN HOLDING COMPANY K.S.C.P. | $618 M |
| 47 | COMMERCIAL REAL ESTATE COMPANY K.P.S.C. | $610 M |
| 48 | ARZAN FINANCIAL GROUP FOR FINANCING AND INVESTMENT - KPSC | $592 M |
| 49 | SHAMAL AZ-ZOUR AL-OULA POWER AND WATER COMPANY KSC (PUBLIC) | $586 M |
| 50 | TAMDEEN INVESTMENT COMPANY - KSCP | $565 M |
| 51 | AL-MAIDAN CLINIC FOR ORAL HEALTH SERVICES COMPANY K.S.C.P. | $523 M |
| 52 | IFA HOTELS AND RESORTS - KPSC | $520 M |
| 53 | TAMDEEN REAL ESTATE COMPANY - KPSC | $514 M |
| 54 | NATIONAL REAL ESTATE COMPANY - K.P.S.C. | $509 M |
| 55 | GULF INVESTMENT HOUSE - KPSC | $504 M |
| 56 | HEAVY ENGINEERING INDUSTRIES AND SHIPBUILDING COMPANY K.S.C.P. | $494 M |
| 57 | INTEGRATED HOLDING COMPANY K.S.C.P. | $436 M |
| 58 | AL-AHLEIA INSURANCE COMPANY S.A.K.P. | $408 M |
| 59 | NOOR FINANCIAL INVESTMENT COMPANY - KPSC | $397 M |
| 60 | A'AYAN LEASING AND INVESTMENT COMPANY K.S.C.P. | $377 M |
| 61 | KUWAIT NATIONAL CINEMA COMPANY (K.P.S.C) | $360 M |
| 62 | INTERNATIONAL FINANCIAL ADVISORS HOLDING - KPSC | $355 M |
| 63 | KUWAIT INVESTMENT COMPANY K.S.C.P. | $351 M |
| 64 | KUWAIT CEMENT COMPANY K.P.S.C. | $338 M |
| 65 | COMMERCIAL FACILITIES COMPANY S.A.K.P. | $303 M |
| 66 | COAST INVESTMENT & DEVELOPMENT COMPANY K.S.C.P. | $107 M |
| 67 | A'AYAN REAL ESTATE COMPANY K.S.C.P. | $105 M |
| 68 | THE KUWAIT COMPANY FOR PROCESS PLANT CONSTRUCTION AND CONTRACTING K.S.C.P. | $105 M |
| 69 | AUTOMATED SYSTEMS COMPANY - KPSC | $94 M |
| 70 | FIRST DUBAI REAL ESTATE DEVELOPMENT COMPANY - K.S.C. (PUBLIC) | $93 M |
| 71 | SULTAN CENTER FOOD PRODUCTS COMPANY - K.S.C. (PUBLIC) | $93 M |
| 72 | BURGAN COMPANY FOR WELL DRILLING, TRADING AND MAINTENANCE K.S.C. (PUBLIC) | $92 M |
| 73 | SOKOUK HOLDING COMPANY K.S.C.P. | $90 M |
| 74 | AL-ARABIYA REAL ESTATE COMPANY K.S.C.P. | $90 M |
| 75 | UNICAP INVESTMENT AND FINANCE COMPANY K.S.C.P. | $88 M |
| 76 | ACICO INDUSTRIES COMPANY - K.S.C. (PUBLIC) | $85 M |
| 77 | INOVEST B.S.C. | $84 M |
| 78 | FIRST TAKAFUL INSURANCE COMPANY - KPSC | $84 M |
| 79 | WARBA INSURANCE AND REINSURANCE COMPANY (K.S.C.P.) | $82 M |
| 80 | NATIONAL INTERNATIONAL HOLDING COMPANY K.S.C.P. | $81 M |
| 81 | AL-ENMA'A REAL ESTATE COMPANY K.S.C.P. | $75 M |
| 82 | PRIVATIZATION HOLDING COMPANY - K.P.S.C. | $75 M |
| 83 | TIJARA & REAL ESTATE INVESTMENT COMPANY K.S.C.P. | $74 M |
| 84 | LIVESTOCK TRANSPORT AND TRADING COMPANY K.P.S.C. | $72 M |
| 85 | THE SECURITIES HOUSE K.S.C.P. | $69 M |
| 86 | KFIC INVEST (K.S.C.P) | $68 M |
| 87 | KUWAIT AND MIDDLE EAST FINANCIAL INVESTMENT COMPANY K.S.C.P. | $66 M |
| 88 | ARKAN AL-KUWAIT REAL ESTATE COMPANY K.S.C.P. | $65 M |
| 89 | AL ARGAN INTERNATIONAL REAL ESTATE COMPANY - K.S.C.P. | $65 M |
| 90 | SANAM REAL ESTATE COMPANY K.S.C.(PUBLIC) | $64 M |
| 91 | DAR AL-THURAYA REAL ESTATE CO. K.S.C. (PUBLIC) | $62 M |
| 92 | SPECIALITIES GROUP HOLDING COMPANY K.P.S.C. | $62 M |
| 93 | FIRST INVESTMENT COMPANY K.S.C.P. | $61 M |
| 94 | AL MANAR FINANCING AND LEASING COMPANY K.S.C. (PUBLIC) | $58 M |
| 95 | SHUAIBA INDUSTRIAL COMPANY K.P.S.C. | $58 M |
| 96 | AL MADAR FINANCE AND INVESTMENT COMPANY K.S.C.P. | $55 M |
| 97 | KUWAIT AND GULF LINK TRANSPORT COMPANY K.P.S.C. | $52 M |
| 98 | KUWAIT RESORTS COMPANY K.P.S.C. | $49 M |
| 99 | AQAR REAL ESTATE INVESTMENTS COMPANY - K.S.C. (PUBLIC) | $47 M |
| 100 | MANAZEL HOLDING COMPANY K.P.S.C. | $44 M |
| 101 | AMAR FINANCE AND LEASING COMPANY - KPSC | $44 M |
| 102 | MUBARRAD HOLDING COMPANY K.S.C.P. | $44 M |
| 103 | FUTURE KID ENTERTAINMENT AND REAL ESTATE COMPANY K.P.S.C. | $42 M |
| 104 | MASHAER HOLDING COMPANY K.S.C.P. | $39 M |
| 105 | KUWAIT HOTELS COMPANY K.S.C.P. | $38 M |
| 106 | NATIONAL CLEANING COMPANY K.P.S.C. | $37 M |
| 107 | OSOUL INVESTMENT COMPANY - K.S.C.P | $35 M |
| 108 | LAND UNITED REAL ESTATE COMPANY K.S.C. (CLOSED) | $33 M |
| 109 | DALQAN REAL ESTATE COMPANY K.S.C. (PUBLIC) | $32 M |
| 110 | BAYAN INVESTMENT HOLDING COMPANY (K.S.C) PUBLIC | $29 M |
| 111 | OSOS HOLDING GROUP COMPANY K.P.S.C. | $29 M |
| 112 | AL-AMAN INVESTMENT COMPANY | $28 M |
| 113 | METAL AND RECYCLING COMPANY K.S.C. (PUBLIC) | $27 M |
| 114 | REAL-ESTATE TRADE CENTERS COMPANY K.P.S.C | $25 M |
| 115 | SENERGY HOLDING COMPANY K.S.C.P. | $24 M |
| 116 | HAYAT COMMUNICATIONS COMPANY K.S.C.P. | $24 M |
| 117 | AL MASSALEH REAL ESTATE K.S.C.P. | $23 M |
| 118 | GULF PETROLEUM INVESTMENT COMPANY K.P.S.C. | $20 M |
| 119 | EKTTITAB HOLDING COMPANY K.S.C PUBLIC | $20 M |
| 120 | KUWAIT EMIRATES HOLDING COMPANY K.S.C.P. | $18 M |
| 121 | KUWAIT REAL ESTATE HOLDING COMPANY K.P.S.C (HOLDING) | $18 M |
| 122 | WARBA CAPITAL HOLDING COMPANY K.S.C.P. | $16 M |
| 123 | MENA REAL ESTATE COMPANY - KSCP | $16 M |
| 124 | PALMS AGRO PRODUCTION COMPANY K.S.C.P | $15 M |
| 125 | CREDIT RATING AND COLLECTION COMPANY K.S.C. (PUBLIC) | $14 M |
| 126 | JIYAD HOLDING COMPANY - K.S.C (PUBLIC) | $11 M |
| 127 | THE ENERGY HOUSE HOLDING COMPANY K.S.C.P. | $11 M |
| 128 | WETHAQ TAKAFUL INSURANCE COMPANY K.S.C.P. | $9 M |
| 129 | AL-MASAKEN INTERNATIONAL FOR REAL ESTATE DEVELOPMENT COMPANY - K.S.C. (PUBLIC) | $9 M |
| 130 | GULF FRANCHISING HOLDING COMPANY - K.S.C. (PUBLIC) | $8 M |
| 131 | KUWAIT REMAL REAL ESTATE COMPANY K.S.C.P. | $8 M |
| 132 | EQUIPMENT HOLDING COMPANY K.P.S.C. | $7 M |
| 133 | INTERNATIONAL RESORTS COMPANY K.P.S.C. | $5 M |
| 134 | AL-SALBOOKH TRADING COMPANY K.S.C.(PUBLIC) | $3 M |
Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).
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