Nora Al -Faihani
In its latest reports, the Middle East magazine “Forbes” revealed the list of the 10 most powerful companies in Bahrain for the current year with a total asset of 127.2 billion dollars, revenues of 14.4 billion dollars, and net profits of $ 1.9 billion during the fiscal year 2024, and the market value of those ten companies reached 15.7 until last April 25.
Alba was on the list of the most powerful ten, with a market value of $ 3.8 billion, $ 4.3 revenues and net profits of about half a billion dollars, and assets of $ 7.1 billion, and these numbers show that the company shows a good profitability with a margin of 11.6%, where each dollar is born revenue of $ 0.6, and annual profits worth 7 cents, despite the unstable market; Because of the unexpected decisions of the American President every day.
Then comes companies, led by ABC, with assets of $ 46.3 billion “not all in Bahrain” and profits of 351 million dollars, and then the National Bank of Bahrain is in third place with profits of $ 220 million, corresponding to $ 14.6 billion in assets, and here is a reference to the efficiency of the national bank’s performance compared to its assets, and in the fourth place Al Salam Bank with profits of 185 million dinars in exchange for $ 18.8 billion, Bahrain and Kuwait Bank with profits 193 million dollars and assets 11.1 billion dollars, and in the center followed by “Payon” with profits of 226 and assets of 3.3 billion dollars, and then the GFH Group with profits of 129 million dollars and assets of 11 billion dollars, then the fruiting banks and the Gulf of Bank and the Islamic Bank of Bahrain. New, but it appears the latest developments, and emphasizes what we all know.
The second thing is the market value collected for those ten companies, which amounted to 15.7 billion dollars, and if we compare this number with the gross domestic product of Bahrain, the importance of these companies is evident as the driving sectors of the market and the most size, and once again emphasizes the growth of the financial sector at the expense of the largest influence sector in the gross domestic product of the Kingdom, which is the energy sector, and reflects the change of the structure of the economy and investment trends in Bahrain.
For further clarification on the collected market value, it represents the total value of all shares of companies traded on the stock exchange, calculated based on the price of the current stock in the market, and the assembled value is an indication of the entire market, and is calculated with the total market values of the group of companies listed on the stock exchange, and thus we can know the size of the ten companies ’impact on the stock market index in Bahrain.
The increase in the collected value over time indicates the growth of the market as a whole, and whenever the growth is rapid, it expresses a strong future growth that can represent a locomotive for the rest of the companies operating in the Kingdom’s market.
In total, reading the numbers contained in the “Forbes” report puts us in front of a preliminary image of what the situation in Bahrain has, and that the Kingdom – despite the global challenges in the economy and politics – continues its growth with sobriety, and realism far from the abnormal heights of the indicators, which analysts monitor in global markets, and then fall after a period, and therefore continuous and fair growth is real expressing the future of these companies or sectors in which they work, and thus State economy.
