The 2006 DS100 Summary Report
The ranking, which is based on end of 2005 revenue figures, showed strong growth accross all industries, but the Integrated Oil & Gas companies led this growth at 42% from the year before riding on a 40% rise in the oil spot price (OPEC figures).
Inspite of the energy sectors' dominance, strong growth performances were also logged by the construction (+36%), food processing (30%), transportation (23%), and telecom (20%) sectors-- continuing to show a rich diversity of industries represented on the ranking. Ulker, the Turkey based food processing global brand showed the highest revenue growth at 83% from the year before, meanwhile Malaysian auto manufacturer Proton, marred by local competitive woes, recorded the biggest drop at -8% in revenues.
M&A activity resulted in the dropping of a few companies from the list
this year (given
only domestic owned companies qualify for the ranking). Maroc Telecom (majority acquired by Vivendi Group) and
criteria was adjusted to include firms regardless of being headquartered in a
non-OIC country if majority of their operations were in an OIC country and if
majority shares were held by OIC country member residents. This enabled
The purpose of the DS100 (in its third year) is to portray as close a picture as possible of the leading domestic business activities in the OIC (Organization of Islamic Conference) member countries while providing its corporate managers and strategists with a tool to benchmark trends and identify opportunities.
At the same time, more than half of the list is comprised of publicly listed companies (55 of 100) from the growing public markets of the Muslim World.
Only those private and government enterprises are included for whom data could be estimated or verified through various media sources. This continues to be a challenge. However, a visible positive trend towards better corporate governance, transparency practices, and privatization is facilitating a clearer view of the corporate environment in the Muslim World.
In order to accommodate for corrections, the ranking will maintain a Corrections section online. This will be particularly true in the case of privately held or government businesses. Also, a select list of businesses which we think may have made it to the DS100 list but whose revenues we were unable to verify are included below. (Click here for more details on the criteria and methodology used)
Globally, the DS100 Companies represent a mere 10% of the $9.2 trillion in revenues attributed to the global 100 companies from Fortune magazine's 2006 Global 500 list. However, a higher revenue growth of 37% by DS100 companies against the world 100's revenue growth of 14% is a positive sign.
The combined total revenue of the DS100 Companies was $944 billion in 2006 (based on EOY 2005 data) which was an increase of 37% from the year before ($688 billion.)
Saudi Aramco, the world's top oil producer, continues to lead
the DS100 list as the largest business enterprise of the Muslim world
recording an estimated 49% rise in its revenues from the year before.
Overall, the energy sector continues to confirm its dominance by the mere
fact that the top 10 companies on the list are all state-owned Integrated Oil
& Gas companies of which
However. seven of the ten largest growth companies are non energy sector specific. Ulker, the Turkish native global confectionary brand showed an impressive year to year 83% revenue growth followed by MTC (82%), Kuwait based global telecom player. Other big gainers include UMW Holdings (68%), Enka Holdings (60%), Emaar Properties (59%), Al Rajhi (59%), Samba (58%) Astra Internatinal (50%), and Orascom Telecom (48%).
Even with the energy sector's top placement on the ranking, it's the diversified companies that represent the largest sector on the list (22 of 100), with the Turkish family owned conglomerates such as Koc Holding, Sabanci Holding, and Dogan Holding having the highest revenues.
Finance continues to be the next most represented sector (16 of 100) with Turkish banks Ziraat Bank, IsBank, Akbank, and Vakif Bank leading the list, though, Malaysian, Saudi, and Indonesian banks are also well represented.
major sector is Telecom with 10 companies represented and led by Saudi
Telecom, Turk Telecom and Telkom
SABIC - Saudi Basic Industries Corporation, the Middle-East's largest non-oil industrial company, leads the list of publicly traded companies followed by the Turkish giant Koc Holding. 55 of the 100 companies on the DS100 are publicly traded firms in 11 different countries. 27 out of the 57 OIC member countries today have securities markets at different stages of maturity (see Stock Market Analysis Report.)
While a majority of the companies on The DS100 are publicly traded, the bulk of the total revenue, more than 67%, is attributed to the 28 Government owned companies on the list. This trend remains the same from the year before. At the same time it should be noted that some of the 'Listed' companies still have majority Government ownership and are at different stages of privatization drives.
In regards to
Privately held companies, the ranking this year has 17 private enterprises
compared to 16 last year. Data was available for these companies through
public sources. Kingdom Holding Company (
Companies from 19 out of the 57 OIC member countries are on the DS100.
companies continue to lead the list with 26 represented enterprises, followed
by 17 from
DS100: A benchmarking and recognition tool
Corporate benchmarking is a key management tool for strategic planning efforts and to raise the level of competitiveness to a global level. Recognition on the DS100 also gives the ever-important workforce a source of motivation and pride in their company's efforts.
Initiated in 2004, the Annual DS100 ranking continues to play its part in helping to raise the competitiveness bar for its corporate enterprises (see 2005 media coverage). Many sub-region competitive benchmarks and surveys, such as the Arab Business Intelligence Report (introduced 2005), and Forbes Top 40 Arab Brands (introduced 2006), add to the emerging culture of a globally competitive corporate environment.
* Following are some Private and Government held Companies whose information could not be verified that may have made the DS100:
Libyan Iron and Steel Co. -
Holding Co. -
Arabian Fal Company for
Trading and Contracting - Saudi
National Iranian Steel Corporation -
Azimut Energy Services -Kazakhistan
Saudi Arabian Airlines -
Damac Group - United Arab Emirates
Al Owaidah Group - Saudi
The 2006 DS100
The following is the criteria used to develop the DS100 - Top 100 Companies of the Muslim World:
The 2006 DS100
From hightech car manufacturing, consumer electronics, and telecom companies, to the worlds leading oil & gas, other mining, and infrastructure companies--the DS100 represents an aggregation of exciting and diverse set of businesses in the OIC (Organization of Islamic Conference) member States. Although Integrated Oil & Gas companies fill the top 10 DS100 spots, 7 out of 10 of the fastest growing DS100 companies this year are from sectors other than Oil & Gas.
Given the importance of diversification of industries to the OIC member states economies, we profile below the 10 fastest growing non-energy sector companies of the DS100.
ÜLKER is perhaps the most exciting company on the DS100 list this year. As an emerging global consumer brand with a mix of innovative product offerings, it has successfully shown tremendous growth in its position fromlast year.
Mr. Sabri Ülker established the
It has over 21 thousand employees today and has 7 factories in 6 different countries. The company's main 'Ülker Division' produces baby food, cakes, chocolate, cookies, crackers, chewing gum, and flour. Its Food Division makes cooking oils and fats, dairy products, prepared food, soft drinks, and starches. Ülker also produces private label food. The Packaging and Services Division makes boxes and other packing material.
Telecommunications Company (MTC) is the pioneer of mobile telecommunications
initiation of a “3x3x3” expansion strategy in 2002, MTC has expanded rapidly.
Today, it is a leading mobile and data services operator in six Middle
Eastern and 14 sub-Saharan African countries with 12,000 employees providing
a comprehensive range of mobile voice and data services to over 24.9 million
(September 30, 2006) individual and business customers.
MTC's "3x3x3" corporate strategy is an ambitious expansion strategy to make MTC a leading mobile and lifestyle services provider on the global stage by the end of the year 2011. It is being executed in three stages: regional, international and global, with each stage completed in three years, with an aim of reaching a subscriber base in excess of 50 million.
firm is one of
The company operates in four main geographic areas with the following activities: Turkey, on the construction of industrial and social buildings, motorways and natural gas fired electrical energy generation facilities; Commonwealth of Independent States (CIS), on construction activities in Russia, Kazakhstan and Azerbaijan; North Africa, on construction activities mainly in Libya; Europe, on construction and trading activities in Croatia and Germany.
Orascom Telecom Holding established only in 1998 has quickly
grown to become the largest and most diversified GSM network operator in the
Middle East, Africa, and
licenses covering the region, Orascom Telecom has
positioned itself as a leading telecommunications conglomerate in emerging
markets of this region. Starting with MobiNil in
Above profiles are based on company website information. All referenced Company logos and brands are properties of their respective Companies.