The annual ranking, compiled by Forbes Middle East, evaluates listed companies across 12 stock exchanges in 11 countries using market capitalisation data as of 31 January 2026. The top 100 firms are collectively valued at $3.7 trillion, accounting for roughly 86% of the region’s total market capitalisation of $4.3 trillion.

Morocco placed fourth by number of companies represented, behind the United Arab Emirates, Saudi Arabia, and Qatar, highlighting the North African nation’s expanding corporate footprint. Gulf Cooperation Council countries continue to dominate the list, accounting for 88% of companies and the bulk of the overall market value. Click here to read the full-text