Aug 05, 2015
Alturki Holding has been top ranked by Forbes as 51st among the top 100 most influential private Arab companies with a huge impact in the Arab world in 2015. Alturki’s subsidiaries and joint ventures companies are focused mostly on infrastructure, building materials, transportation, renewable energy, real-estate sectors and oil field services.
The list seeks to come up with a unique ranking of “Top Companies in the Arab World 2015”. To accomplish this, companies appearing in the Arab Stock Markets and top leading private companies were analyzed, excluding companies based in Arab countries going through war or political strife. Companies that have not reported audited financial statements of 2014 are also excluded. In coming up with the list, Forbes Middle East started with net 897 companies, then the companies were ranked in terms of market valuation, assets, net earnings, revenues with all metrics equally weighted. This was based on 1st April, 2015’s, U.S. dollar exchange rate used to convert the figures.
According to CEO Mr. Rami Alturki, “Being on the list is a culmination of the dedication of our talented team and our strategic partnership with the key players in various sectors. This is how we secured our leadership position in the market”. He added, “Alturki has a solid growth plan focused on the core business, which also considers other opportunities and strategic ventures once a growth potential has been ascertained.”