Qatar’s Largest Companies by market capitalization, 2024
As of February 10, 2025, QATAR NATIONAL BANK is the most valuable company in Qatar, with a market cap of $41.94 billion. Following it are INDUSTRIES QATAR ($22.1 billion) and QATAR ISLAMIC BANK ($13.46 billion).
Which one is the most valuable in Qatar by market cap? This list comprises the biggest companies currently in Qatar by market cap in 2024:
Qatar's Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLER) |
|---|---|---|
| 1 | QATAR NATIONAL BANK (Q.P.S.C.) | $41.94 billion |
| 2 | INDUSTRIES QATAR Q.P.S.C. | $22.1 billion |
| 3 | QATAR ISLAMIC BANK (Q.P.S.C.) | $13.46 billion |
| 4 | OOREDOO Q.P.S.C. | $11.22 billion |
| 5 | EZDAN HOLDING GROUP Q.P.S.C. | $7.42 billion |
| 6 | QATAR GAS TRANSPORT COMPANY LIMITED (NAKILAT) (QPSC) | $6.8 billion |
| 7 | MASRAF AL RAYAN (Q.P.S.C.) | $6.06 billion |
| 8 | DUKHAN BANK Q.P.S.C. | $5.3 billion |
| 9 | MESAIEED PETROCHEMICAL HOLDING COMPANY Q.P.S.C. | $5.12 billion |
| 10 | THE COMMERCIAL BANK (P.S.Q.C.) | $5.07 billion |
| 11 | QATAR ELECTRICITY & WATER COMPANY Q.P.S.C. | $4.71 billion |
| 12 | QATAR INTERNATIONAL ISLAMIC BANK (Q.P.S.C) | $4.46 billion |
| 13 | QATAR FUEL COMPANY Q.P.S.C. ("WOQOD") | $4.2 billion |
| 14 | QATAR NAVIGATION Q.P.S.C. | $3.29 billion |
| 15 | BARWA REAL ESTATE COMPANY Q.P.S.C. | $3.08 billion |
| 16 | AHLI BANK Q.P.S.C. | $2.43 billion |
| 17 | VODAFONE QATAR P.Q.S.C. | $2.37 billion |
| 18 | QATAR ALUMINIUM MANUFACTURING COMPANY Q.P.S.C. | $2.09 billion |
| 19 | QATAR INSURANCE COMPANY Q.S.P.C. | $1.89 billion |
| 20 | DOHA BANK Q.P.S.C. | $1.74 billion |
| 21 | GULF INTERNATIONAL SERVICES Q.P.S.C. | $1.73 billion |
| 22 | ESTITHMAR HOLDING Q.P.S.C. | $1.68 billion |
| 23 | AAMAL COMPANY Q.P.S.C. | $1.6 billion |
| 24 | ZAD HOLDING COMPANY Q.P.S.C. | $1.22 billion |
| 25 | UNITED DEVELOPMENT COMPANY Q.P.S.C. | $1.1 billion |
| 26 | AL MEERA CONSUMER GOODS COMPANY Q.P.S.C. | $0.824 billion |
| 27 | QATAR NATIONAL CEMENT COMPANY (Q.P.S.C.) | $0.704 billion |
| 28 | BALADNA Q.P.S.C. | $0.682 billion |
| 29 | QATARI INVESTORS GROUP Q.P.S.C. | $0.575 billion |
| 30 | MEEZA QSTP LLC (PUBLIC) | $0.554 billion |
Market capitalization, commonly known as market cap, refers to the total market value of a company’s outstanding shares. It is calculated by multiplying the current stock price by the total number of shares outstanding. For example, if a company has 2.34 billion shares outstanding and its stock price is $66.66 per share, its market cap would be $156 billion (2,340,000,000 x $66.66). Investors often use the market cap as a quick estimate of a company’s overall value and as a factor in determining whether to buy a stock. Stocks are often categorized by market cap: mega-cap ($100 billion-plus), large-cap ($10 billion-$100 billion), mid-cap ($2 billion-$10 billion), small-cap ($300 million-$2 billion), and micro-cap (less than $300 million).
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