FINANCIAL NEWS

Top Saudi companies report 0.51 percent growth in revenues

10 Jul 2014

(MENAFN) Top 100 Saudi companies posted 0.51 percent growth in revenues in 2013, reaching USD181.13 billion compared to USD180.48 billion a year earlier, according to Arab News.

A financial report said that revenues of top 10 companies totaled 64.4 percent of the 100″s total revenues at USD116.5 billion.

The petrochemical sector posted the highest overall revenues at 45.4 percent at the value of USD82.22 billion, followed by the telecom and IT sector at 11.6 percent.

Real estate development (0.9 percent), transport (0.6 percent) and media and publication (0.4 percent) sectors were the least contributors as the total revenues.

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