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
Sector: Petrochemicals
Market value: $64 billion
Total revenues: $50.4 billion
Net profits: $6.2 billion
Total assets: $90.9 billion
QNB, Qatar
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
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
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
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
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
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
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
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
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 .