12 Qatari Firms Rank in Forbes ME Top Listed Companies 2025

Forbes Middle East has unveiled its prestigious list of the Top 100 Listed Companies 2025, and 12 Qatari firms have made the cut.

Representing key industries like banking, energy, and telecom, these companies are helping shape the economic future of the Gulf region. Here’s a look at the Qatari powerhouses that made it to the list:

 1. QNB Group (#3)

• Sector: Banks & Financial Services

• CEO: Abdulla Mubarak Al-Khalifa

• Market Value: $38.8 billion 

As the largest financial institution in the Middle East and Africa, QNB has maintained a strong presence across 30 countries. With robust earnings and a significant asset base, QNB continues to lead Qatar’s financial sector globally.

2. Qatar Islamic Bank (QIB) (#32)

• Sector: Banks & Financial Services

• CEO: Bassel Gamal

• Market Value: $13.3 billion 

QIB is the largest Islamic bank in Qatar and a major player in Sharia-compliant financial services. It has steadily expanded its portfolio, catering to over 170,000 retail and over 3,000 corporate clients.

3. Ooredoo Group (#33)

• Sector: Telecommunications

• CEO: Aziz Aluthman Fakhroo

• Market Value: $11.3 billion

Headquartered in Doha, Ooredoo is a multinational telecom operator providing services in the Middle East, North Africa, and Southeast Asia. It remains a tech leader in digital transformation and innovation.

4. Industries Qatar (IQ) (#37)

• Sector: Industrials (petrochemicals & steel)

• Chairman & MD: Saad Sherida Al‑Kaabi

• Market Value: $20.2 billion 

A key player in Qatar’s industrial diversification, Industries Qatar operates in petrochemicals, fertilizers, and steel. It’s one of the region’s largest and most profitable conglomerates.

5. Commercial Bank (#47)

• Sector: Banks & Financial Services

• CEO: Joseph Abraham

• Market Value: $4.6 billion

One of Qatar’s oldest private sector banks, CBQ offers comprehensive financial services. Its regional investments and partnerships strengthen its competitive edge across the Gulf.

6. Al Rayan Bank (#50)

• Sector: Banks & Financial Services

• CEO: Fahad Al Khalifa

• Market Value: $5.6 billion 

Focused on Islamic banking, Masraf Al Rayan is known for its efficient digital banking services and strong retail banking presence in Qatar. 

7. Dukhan Bank (#62)

• Sector: Banks & Financial Services

• Acting CEO: Ahmed Hashem

• Market Value: $5 billion 

Dukhan Bank, formed in 2019 by merging Barwa Bank and International Bank of Qatar, is one of Qatar’s largest Sharia‑compliant banks, serving over 150,000 customers on QAR 114 billion in assets. It reported a record net profit of QAR 1.34 billion in 2024, driven by strong income growth and enhanced digital tools like its mobile app, AI assistant “Rashid,” and contactless payments.

With robust financials, a 17%+ capital adequacy ratio, and multiple industry awards, Dukhan Bank continues to lead in innovation and customer-focused Islamic banking

8. Nakilat (#72)

• Sector: Logistics (LNG shipping)

• CEO: Abdullah Al‑Sulaiti

• Market Value: $7 billion 

Nakilat is a global leader in liquefied natural gas (LNG) shipping. The company owns the world’s largest LNG fleet and plays a crucial role in transporting Qatar’s energy exports.

9. Qatar International Islamic Bank (QIIB) (#76)

• Sector: Banks & Financial Services

• CEO: Abdulbasit Al Shaibei

• Market Value: $4.4 billion

QIIB continues to expand its Sharia-compliant services, maintaining solid financials and a growing customer base. Its modern banking platforms support its rising popularity.

10. Qatar Fuel Company (WOQOD) (#79)

• Sector: Retail & Fuel Distribution

• CEO: Saad Rashid Al‑Muhannadi

• Market Value: $4.1 billion 

Woqod is the primary distributor of fuel in Qatar. From operating petrol stations to supplying jet fuel, Woqod is vital to the country’s transportation and energy sectors.

11. Doha Bank (#87)

• Sector: Banks & Financial Services

• CEO: Abdulrahman bin Fahad Al‑Thani

• Market Value: $2 billion 

Doha Bank is a key financial player in Qatar, offering services in corporate, retail, and international banking. It has a growing global presence with branches across the Middle East and Asia.

12. Ahli Bank (#100)

• Sector: Banks & Financial Services

• CEO: Hassan Ahmed AlEfrangi

• Market Value: $2.5 billion

Ahli Bank (ABQK) is a Doha-based financial institution with a strong focus on innovation, having recorded a net profit of QR 891.6 million (+6.6%) for 2024 and QR 229 million (+5.1%) in Q1 2025 under CEO Hassan Ahmed AlEfrangi’s leadership. 

---

These 12 Qatari companies exemplify the country’s strategic growth across key sectors and its commitment to economic diversification. Their presence in Forbes Middle East’s Top Listed Companies 2025 highlights Qatar’s rising influence in the regional business landscape.