Muslim World's Top 100 Businesses Show Strong Growth In Sales
Dinar Standard™ released its 2nd annual ranking of top 100 businesses in the Muslim world. The ranking shows a healthy 28.7% in aggregate revenue growth of its listed companies over the previous year - indicating a strengthening of economies in the Muslim world
Hoboken, NJ, United States (PRWEB) December 25, 2005
Dinar Standard™, a business strategy e-magazine, released its 2nd annual ranking of top 100 businesses in the 57 member countries of the OIC (Organization of the Islamic Conference.) The ranking shows a healthy 28.7% in aggregate revenue growth of its listed companies over the previous year - indicating a strengthening of economies in the Muslim world
The purpose of the DS100™ is to portray as close a picture as possible of the corporate environment in OIC member countries. It continues to include Government and Private enterprises, for whom data was verified through public sources, to reflect their disproportionately significant role in the Muslim world economies. At the same time, more than half of the list is comprised of publicly listed companies (57 of the 100) representing the growing public markets of the Muslim world.
“This year’s ranking continues to recognize the rich diversity of corporate activity in the Muslim world,” states Rafi-uddin Shikoh, Editor of Dinar Standard™. "With the tremendous global media interest in the first DS100™ ranking, we are confident that the ranking is playing its part in raising the spirit of competitiveness in the region, as well as serving as a means of motivation and pride to the ever-important workforce and corporate leaders alike.”
Saudi Aramco, the world's top oil producer, continues to lead the DS100™ as the largest business enterprise of the Muslim world with an estimated 36% rise in its revenues from the previous year. Overall, the energy sector dominates the top of the list with 8 of the top 10 being state-owned Integrated Oil & Gas companies. However, it is the diversified conglomerates that have the highest representation on the list (22 of the 100), with Turkish family owned conglomerates Koc Holding, Sabanci Holding, and Dogus Holding having the highest revenues.
The largest growth companies this year are part of the Orascom Group of Egypt with its publicly listed companies Orascom Telekom recording a 113% growth and Orascom Construction recording 98% revenue growth compared to previous year.
Turkish companies continue to lead the list with 25 represented enterprises, followed by 18 from Malaysia, 15 from Saudi Arabia, and 11 from Indonesia. Other countries represented include the UAE, Pakistan, Iran, Nigeria, Morocco, Kazakhstan, Egypt, Bahrain, and Algeria.
The complete DS100™ list can be viewed at the website - http://www. dinarstandard. com (http://www. dinarstandard. com). All ranking related inquiries should be sent to ds100@dinarstandard. com.
About Dinar Standard™
Dinar Standard™ is a business strategy e-magazine addressing the unique challenges and opportunities for businesses in the Muslim world and beyond. It provides actionable insights, research and resources relating to business strategy topics of innovation, leadership/ management, finance, marketing/ PR, and the Muslim Lifestyle Market™.
Contact information:
Rafi-uddin Shikoh, Editor, Dinar Standard™, Hoboken, NJ 07030, USA T: 1-347-624-7454 F: 1-201-526-8404 http://www. dinarstandard. com (http://www. dinarstandard. com)
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