Morocco has secured fourth place in the MENA region by number of companies featured in Forbes Middle East’s 100 Most Valuable Companies 2026 ranking, with nine firms included across key sectors.
The Moroccan companies listed are SGTM, BANK OF AFRICA, BCP Group, Attijariwafa Bank, LafargeHolcim Maroc, Marsa Maroc, Maroc Telecom, Managem, and TAQA Morocco. These firms represent a diverse mix of industries, including banking, construction, telecommunications, mining, and energy infrastructure.
Regionally, the UAE leads the ranking with 35 companies, followed closely by Saudi Arabia with 34 and Qatar with 11. Morocco ranks ahead of Kuwait, which has six companies on the list, reinforcing its position as a leading non-GCC economy in the region.
GCC countries dominate the overall ranking, accounting for 88% of the listed companies, while the top 10 is evenly split between firms from the UAE and Saudi Arabia.
Sector-wise, banking and financial services remain the most represented, with 34 companies holding a combined market value of $732.6 billion. However, the energy sector—despite having only nine companies—accounts for a significantly higher total market value of $1.9 trillion, highlighting the continued dominance of hydrocarbons in the region.
Morocco’s strong representation reflects the growing scale and regional relevance of its corporate sector, particularly in banking, infrastructure, and telecom, positioning the country as a key economic player beyond the Gulf.
