In what should come as no surprise, the Gulf dominated Forbes' list of the Top Companies in the Arab World for 2015.
And by dominate, we mean owned. Five of the top ten companies hailed from Saudi Arabia, four were from the UAE and one was from Qatar.
In order to compile the list, Forbes analyzed 1,245 listed companies in Arab stock markets. They excluded companies that failed to report their profits from 2014 and companies from countries experience political strife or war.
With the remaining companies, Forbes ranked them based on revenues, net earnings, assets, and market valuation, with each metric equally weighted. According to Forbes, "The company with the highest composite score ranked first."
Here are the top 10.
Sabic, Saudi Arabia
![SABIC (Saudi Basic Industries Corporation) SABIC (Saudi Basic Industries Corporation)](https://stepcdn.com/assets/legacy/eb1/sabic-saudi-basic-industries-corporation-700x.jpg)
Sector: Petrochemicals
Market value: $64 billion
Total revenues: $50.4 billion
Net profits: $6.2 billion
Total assets: $90.9 billion
QNB, Qatar
![QNB_log QNB_log](https://stepcdn.com/assets/legacy/b9a/qnb_log-700x.jpg)
Sector: Banking and Financial Services
Market value: $36.7 billion
Total revenues: $6.1 billion
Net profits: $2.9 billion
Total assets: $133.6 billion
Etisalat, United Arab Emirates
![Etisalat_logo Etisalat_logo](https://stepcdn.com/assets/legacy/5d5/etisalat_logo-700x.png)
Sector: Telecommunications
Market value: $26.6 billion
Total revenues: $13.3 billion
Net profits: $2.4 billion
Total assets: $33.1 billion
Saudi Telecom, Saudi Arabia
![ab113a8f-23a3-4214-adea-4f2dc46038e9STC_Logo ab113a8f-23a3-4214-adea-4f2dc46038e9STC_Logo](https://stepcdn.com/assets/legacy/742/ab113a8f-23a3-4214-adea-4f2dc46038e9stc_logo-700x.jpg)
Sector: Telecommunications
Market value: $32.8 billion
Total revenues: $12.3 billion
Net profits: $2.9 billion
Total assets: $24.2 billion
Saudi Electricity, Saudi Arabia
![LOGO4 LOGO4](https://stepcdn.com/assets/legacy/e04/logo4-700x.jpg)
Sector: Utilities & Services
Market value: $18.8 billion
Total revenues: $10.3 billion
Net profits: $963 million
Total assets: $84.7 billion
National Commercial Bank (Al Ahli Bank), Saudi Arabia
![Image740 Image740](https://stepcdn.com/assets/legacy/cef/image740-700x.gif)
Sector: Banking and Financial Services
Market value: $31.9 billion
Total revenues: $5 billion
Net profits: $2.3 billion
Total assets: $115.9 billion
Al Rajhi Bank, Saudi Arabia
![al-rajhi-bank_416x416 al-rajhi-bank_416x416](https://stepcdn.com/assets/legacy/7b2/al-rajhi-bank_416x416-700x.jpg)
Sector: Banking and Financial Services
Market value: $24.5 billion
Total revenues: $3.7 billion
Net profits: $1.8 billion
Total assets: $82 billion
National Bank of Abu Dhabi, UAE
![1343987568345_NBAD-IdentityAnnounce-01 1343987568345_NBAD-IdentityAnnounce-01](https://stepcdn.com/assets/legacy/c33/1343987568345_nbad-identityannounce-01-700x.jpg)
Sector: Banking and Financial Services
Market value: $17 billion
Total revenues: $3.6 billion
Net profits: $1.5 billion
Total assets: $102.4 billion
Emirates NBD, UAE
![emirates-nbd_416x416 emirates-nbd_416x416](https://stepcdn.com/assets/legacy/156/emirates-nbd_416x416-700x.jpg)
Sector: Banking and Financial Services
Market value: $13.6 billion
Total revenues: $4.7 billion
Net profits: $1.3 billion
Total assets: $98.8 billion
First Gulf Bank, UAE
![FGB-logo-2014 FGB-logo-2014](https://stepcdn.com/assets/legacy/75c/fgb-logo-2014-700x.png)
Sector: Banking and Financial Services
Market value: $18.3 billion
Total revenues: $2.9 billion
Net profits: $1.5 billion
Total assets: $57.8 billion
For the full list, click here .