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The 2006 DS100 Summary Report |
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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. Some global
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 Separately the
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. Petronas ( 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. The other
major sector is Telecom with 10 companies represented and led by Saudi
Telecom, Turk Telecom and Telkom Publicly
Listed vs. Government and Private Companies 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 ( Turkish,
Malaysian, Saudi and Indonesian Companies lead the List Companies from
19 out of the 57 OIC member countries are on the DS100.
Turkish
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. - Salim Group
- Uzbekneftegaz State
Holding Co. - Obegi Group
- Zorlu
Holding - 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
Arabia |
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The 2006 DS100 |
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Criteria | Feedback | Credits | Corrections
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The following is the
criteria used to develop the DS100 - Top 100 Companies of the Muslim World: |
Sources:
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The 2006 DS100 |
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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
company in 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.
Mobile
Telecommunications Company (MTC) is the pioneer of mobile telecommunications
in the Since its
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.
This Istanbul-based
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 With nine
licenses covering the region, Orascom Telecom has
positioned itself as a leading telecommunications conglomerate in emerging
markets of this region. Starting with MobiNil in
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Above
profiles are based on company website information. All referenced Company
logos and brands are properties of their respective Companies. |
