RIYADH: Saudi Arabia’s prominent companies have been acknowledged for their environmental initiatives, securing top positions on Forbes Middle East's Sustainability Leaders list.
Saudi Basic Industries Corp. and Saudi Arabian Mining Co., also known as Ma’aden, have emerged as leaders in the sector.
The manufacturing and industrial field is one of 11 key industries categorized, with SABIC taking the top spot, followed by Ma’aden.
Tasnee, the Kingdom’s National Industrialization Co., secured the eighth spot on the list.
In the energy and utilities category, Saudi Arabia’s ACWA Power ranked second, following UAE-based Industrialization and Energy Service Co., known as TAQA.
Saudi Electricity Co. clinched the fourth spot, following Dubai Electricity and Water Authority.
Saudi banks also played a pivotal role, with Al Rajhi Bank coming third in the banking and financial services category, followed by Saudi National Bank in fifth place, Saudi Awwal Bank in seventh, and Alinma Bank in ninth.
The Kingdom’s ambitious $500-billion giga-project NEOM topped the real estate and construction category, followed by Red Sea Global in fifth place, and the Kingdom’s Public Investment Fund wholly-owned ROSHN Group in seventh.
stc Group ranked first on the technology and telecom list, receiving the Forbes ME Sustainability Leaders Award for its efforts in promoting eco-friendly practices and reducing carbon emissions in various areas.
In the top 10 travel and tourism companies, Saudia, formerly known as Saudi Arabia Airlines, ranked sixth.
On the investment front, the Kingdom’s PIF secured the second position, following the UAE’s Mubadala Investment Co.
Forbes ME’s list of 100 companies includes 44 UAE-based firms, 22 Saudi companies, and 10 Qatari-based businesses.
Additionally, 12 international corporations with regional offices in the UAE and Egypt earned five entries, while Kuwait, Bahrain, and Oman also made notable appearances.
