​Commercial International Bank – Egypt (CIB) landed another distinguished achievement as it topped the list of Forbes for the top companies in the Arab World in 2015, with its USD $6.3 billion market value and total assets of nearly USD $20 billion to lead the list that included 19 Egyptian companies with a combined total market value averaging USD $25.4 billion, revenue of USD $15.1 billion, net profit of $2.1 billion and assets of USD $69.6 billion.

The economic and finance experts of Forbes Global magazine confirmed that among the 10 financial markets of  its list of the top companies in the Arab world for 2015 , only Egypt and Morocco were able to rise over the past year by 30% and 5 %, respectively. stressing that this is a good sign , especially for Egypt being in a transitional phase  to recover from the political turmoil .

Commenting on this achievement, Hisham Ezz Al-Arab, CIB Chairman and Managing Director commented on this achievement, said “the success of CIB in leading the 19 Egyptian companies in Forbes 2015 list is a strong indication that Egypt is moving in the right direction and that the Egyptian institutions are able to flourish no matter what are the circumstances, and that any improvement seen in Egypt will impact positively and directly on all institutions’ performance.”

Ezz Al-Arab confirmed, “the position of the Egyptian institutions grows year after year and these numbers are very likely to change over the next year in light of the economic changes taking place in Egypt, which will lead to the increase of development rates and the investment opportunities, especially after the inauguration of the New Suez Canal, as well as the implementation of the economic conference projects and seeing tangible results on the ground”.

It’s worth mentioning that the sector of banks and financial services dominated the list of the strongest companies in the Arab world for 2015, with 78 participation which out-doubles the industrial sector that comes in the 2nd place with 35 companies, while the real estate and construction sector came third with 18 companies.

We care Our dedicated team is committed to meeting your needs

    Comparing (0/3)
    Comparing (0/3)