Saneou Al Hadath, a leading Arabic business magazine, has released its annual report on the best-performing Saudi companies of 2013.
This seventh edition employed a mathematical approach to analyse companies that were listed on the Saudi stock market, Tadawul. All companies were ranked based on six financial indicators and then categorised into their respective sectors to maintain fairness.
Of the 11 financial institutions that were evaluated, Al Rajihi Bank ranks number one in the banking sector, with 24 points. In electricity, Saudi Electricity Company (SEC) earns the top spot for the third year in a row, although it shares its position with …Read more