Revealed: Top 10 companies in Bahrain in 2018
The biggest listed companies in Bahrain by market capitalisation
The second half of 2018 started on a positive note for GCC stock markets, driven by the strong performance of banking stocks across the Gulf.
Major banks in the region posted solid growth in earnings for Q2, with their profitability being boosted by rising interest rates, an uptick in economic activity, and increased government spending.
Despite the positive signs however, stock market liquidity in most GCC markets has deteriorated due to declining investor sentiments. Increased risk perception and a lack of new IPO issues continues to act as an impediment in a market that is largely dominated by retail participants.
TOP 10 COMPANIES IN BAHRAIN BY MARKET CAP
(By market capitalisation as of September 11, 2018. Source: Reuters Eikon, Markaz Research)
1. Ahli United Bank
Market capitalisation: $5.34bn
Sector: Banking and Financial Services
Change in ranking: -1
2. Aluminium Bahrain
Market capitalisation: $2.39bn
Sector: Mineral Resources
Change in ranking: 14
3. National Bank of Bahrain
Market capitalisation: $2.21bn
Sector: Banking and Financial Services
Change in ranking: 5
4. GFH Financial Group
Market capitalisation: $1.42bn
Sector: Banking and Financial Services
Change in ranking: -3
5. BBK
Market capitalisation: $1.26bn
Sector: Banking and Financial Services
Change in ranking: NA
6. Arab Banking Corporation
Market capitalisation: $1.23bn
Sector: Banking and Financial Services
Change in ranking: NA
7. United Gulf Holding Company
Market capitalisation: $1.23bn
Sector: Banking and Financial Services
Change in ranking: NA
8. Bahrain Telecommunications Company
Market capitalisation: $1.10bn
Sector: Telecommunication
Change in ranking: NA
9. Investcorp Bank
Market capitalisation: $750m
Sector: Banking and Financial Services
Change in ranking: NA
10. Al Salam Bank Bahrain
Market capitalisation: $580m
Sector: Banking and Financial Services
Change in ranking: NA
Also read: Revealed: Top 100 GCC companies in 2018
Revealed: Top 10 companies in Saudi Arabia in 2018
