As the global economy keeps growing, so are companies around the world; North African companies included. In the recent past we have witnessed North African companies rising to the occasion in competing with their counterparts from advanced economies. Some companies have seen their value grow steadily, thereby ranking as the most valued in North Africa. Market capitalization is the market value of a publicly traded company’s outstanding shares, which is equal to the share price multiplied by the number of shares outstanding.
Here are the top 20 most valuable companies in North Africa.
Rank | Company | Market cap |
1. | Maroc Telecom | $11.08 billion |
2. | Attijariwafa Bank | $6.99 billion |
3. | Commercial International Bank | $6.06 billion |
4. | Banque Centrale Populaire | $4.07 billion |
5. | LafargeHolcim Maroc | $2.81 billion |
6. | Qatar National Bank Alahly | $2.47 billion |
7. | Vodafone Egypt | $2.39 billion |
8. | Orange Egypt | $2.00 billion |
9. | Taqa Morocco | $1.96 billion |
10. | Eastern Tobacco | $1.79 billion |
11. | Ciments du Maroc | $1.69 billion |
12. | Cosumar | $1.57 billion |
13. | Elswedy Electric | $1.24 billion |
14. | Abou Kir Fertilizers & Chemicals | $1.23 billion |
15. | SFBT | $1.20 billion |
16. | Afriquia Gaz | $1.17 billion |
17. | Wafa Assurance | $1.15 billion |
18. | Marsa Maroc | $1.12 billion |
19. | Telecom Egypt | $1.09 billion |
20. | Egypt Kuwait Holding | $988 million |
