DR ‹ › Morocco ranks fourth in the MENA region by number of companies in Forbes Middle East's 100 Most Valuable Companies 2026, with nine firms listed, according to data covering 12 stock exchanges as of January 2026. The Moroccan companies featured include construction group SGTM; three banking groups BANK OF AFRICA, BCP Group and Attijariwafa bank; building materials company LafargeHolcim Maroc; port operator Marsa Maroc; telecommunications operator Maroc Telecom; mining group Managem; and energy and water infrastructure operator TAQA Morocco. The UAE leads the ranking by number of companies with 35 firms, followed by Saudi Arabia (34) and Qatar (11), ahead of Morocco (9) and Kuwait (6). Overall, GCC countries account for 88% of the companies in the ranking, while the top 10 is evenly split between the UAE and Saudi Arabia. Banking and financial services remain the most represented sector, with 34 companies and a combined market value of $732.6 billion. Meanwhile, the energy sector, with just nine companies, accounts for $1.9 trillion, underscoring the continued dominance of hydrocarbons.
