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The 7th Annual DS100 continues to benchmark the corporate environment of the 57 OIC (Organization of Islamic Conference) member countries.
The 2010 DS100 ranking, which is based on end-of-year (EOY) 2009 revenue data of the top 100 Companies of the OIC member countries, fully shows the impact of the 2008/09 financial crisis. As expected, EOY 2009 revenues were down for all sectors represented on the DS100 compared to EOY 2008. The silver lining has been that sectors such as finance, consumer goods, and utilities absorbed the shocks, still showing single digit growth, although down from double digits growth experienced in the previous year.
With USD 1.12 trillion in total revenues, the 2010 DS100 list of companies recorded a 26.47% overall decline in annual revenue over the previous reporting period. Conversely, 44 companies on the list grew in revenue, with 19 showing double digit growth.
May I point out that Dubai World, Samruk-Kazyna, ADIA, QIA, SAMA, Khazanah, Bonyad-e-Mostazafan and other Bonyads were overlooked in this list?
ReplyDeleteMay I also point out that anybody with an active internet connection can find dozens of missing entries including (but not limited to)
1. National Bank of Egypt
2. Qatar Telecom
3. Parsian bank
4. ENRC (Kazakhstan)
5. PUSRI (Indonesia)
6. SIR (Côte d'Ivoire)
7. Algerie Telecom
8. BEA (Algeria)
9. OCP (Morocco)
10. Majid Al Futtaim Group (United Arab Emirates)
11. Al Ghurair Group (United Arab Emirates)
12. QNB (Qatar)
13. Saudi Airlines
There are dozens of other firms that are missing or ignored in this list for various reasons. Hence, this list shows an incomplete picture of the true state of business entities around the OIC member states and underreports the actual performance to a great degree leading to a false sense of deprecation amongst interested readers due to a deflated portrayal by misinformed amateurs.