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Executive Roundtable

Serbia’s Largest Companies by market capitalization, 2024

Stock Exchange

As of July 22, 2024, SJAJ U TAMI is the most valuable company in Serbia, with a market cap of $4.35 billion. Following it are NAFTNA INDUSTRIJA SRBIJE ($1.21 billion) and NLB KOMERCIJALNA BANKA ($773 million).

Which one is the most valuable in Serbia by market cap?
This list comprises the biggest companies currently in Serbia by market cap in 2024:

Serbia’s Largest Companies by market capitalization, 2024

RANKCOMPANYMARKET CAPTIAL (USD DOLLAR)
1SJAJ U TAMI A.D.$4.35 billion
2NAFTNA INDUSTRIJA SRBIJE A.D.$1.21 billion
3NLB KOMERCIJALNA BANKA A.D.$0.773 billion
4AERODROM NIKOLA TESLA A.D.$0.618 billion
5PHILIP MORRIS OPERATIONS A.D. NIS$0.424 billion
6MESSER TEHNOGAS AD$0.236 billion
7FINTEL ENERGIJA A.D.$0.168 billion
8KOMPANIJA DUNAV OSIGURANJE A.D.O.$0.156 billion
9IMPOL SEVAL VALJAONICA ALUMINIJUMA A.D.$0.061 billion
10ENERGOPROJEKT HOLDING A.D.$0.037 billion
11DUNAV RE A.D.O$0.030 billion
12METALAC A.D., GORNJI MILANOVAC$0.029 billion
13PUTEVI A.D$0.021 billion
14SOJA PROTEIN A.D. BECEJ$0.021 billion
15ZITOPEK A.D.$0.019 billion
16KOPAONIK A.D.$0.019 billion
17GOSA FOM A.D.$0.018 billion
18MPP JEDINSTVO A.D.$0.016 billion
19IKARBUS A.D.$0.016 billion
20PD OMOLJICA AD U RESTRUKTURIRANJU$0.010 billion
21LASTA A.D.$0.009 billion
22INFORMATIKA A.D$0.008 billion
23UTVA SILOSI A.D.$0.006 billion
24AMS OSIGURANJE A.D.$0.006 billion
25JUGOPREVOZ KRUSEVAC A.D. , KRUSEVAC$0.006 billion
26RUDO A.D.$0.002 billion
27ZLATARPLAST A.D.$0.002 billion
28TERMIKA-BEOGRAD A.D.$0.001 billion
29SLOGA A.D.$0.001 billion
30GP PLANUM AD$0.001 billion

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Katherina Davis, Ph.D.
Katherina Davis, PhD in Media Leadership & Organizational Change, is the Deputy News Editor at CEOWORLD Magazine, where she specializes in thought leadership, executive branding, and financial storytelling for a global business audience. With a career that spans over 12 years in fintech journalism and brand communications, Katherina has a reputation for turning complex financial data into stories that engage, educate, and drive strategic value.

Before joining CEOWORLD, she served as a content strategist for leading fintech startups and contributed to publications focused on market intelligence and innovation. Katherina’s editorial focus includes C-suite positioning, PR during IPOs, M&A communications, and business transformation strategies. She holds a degree in Business Journalism and an executive certificate in Digital Brand Strategy.

At CEOWORLD, she directs a team of writers and analysts, producing insightful features on corporate finance, executive reputation, and market disruption. Katherina also mentors young professionals in business communications and has spoken at multiple international conferences on digital finance media. She brings a mix of journalistic integrity and strategic messaging to her role, helping CEOWORLD’s audience stay ahead of financial trends while strengthening their leadership narratives.

Email Katherina Davis at katherina@ceoworld.biz