Hoboken, NJ (PRWEB) January 28, 2007
Dinar Standard™, a business strategy e-magazine, released its 3rd annual ranking of the top 100 businesses in the 57 member countries of the OIC (Organization of the Islamic Conference) showing a healthy aggregate revenue growth of 37% over the previous year
Riding on high oil prices, the Integrated Oil & Gas companies led the growth in revenues at 42% over the year before, but were closely supported in strong performances by the construction (+36%), food processing (+30%), transportation (+23%), and telecom (+20%) sectors.
Ulker, the Turkey based food processing global brand showed the highest revenue growth at 83% compared to the year before, meanwhile Malaysian auto manufacturer Proton, marred by local competitive woes, recorded the biggest drop at -8% in revenues.
The purpose of the DS100™ is to portray as close a picture as possible of the corporate environment in OIC member countries. It continues to include Government and Private enterprises, for whom data was verified through public sources, to reflect their disproportionately significant role in the economies of the Muslim world. At the same time, more than half of the list is comprised of publicly listed companies (55 of the 100) representing the growing public markets of the Muslim world.
"This year's ranking shows a continued strengthening of OIC member states' economies," says Rafi-uddin Shikoh, Editor of Dinar Standard™. "There is visible growth in professional business and competitiveness related events and benchmarking tools in the major economies of OIC member states. We are encouraged by this trend and are confident that the DS100™ ranking is playing its part in raising the spirit of competitiveness in the region."
Saudi Aramco, the world's top oil producer, continues to lead the DS100™ as the largest business enterprise of the Muslim world with an estimated 49% rise in its revenues from the previous year showing the continuing dominance of the Energy sector on the ranking. However, it is the diversified conglomerates that have the highest representation on the list (22 of the 100), with Turkish family owned conglomerates Koc Holding, Sabanci Holding, and Dogus Holding having the highest revenues.
Turkish companies continue to lead the list with 26 represented enterprises, followed by 17 from Malaysia, 15 from Saudi Arabia, and 10 from Indonesia. Other countries represented include the UAE, Pakistan, Iran, Nigeria, Morocco, Kazakhstan, Egypt, Bahrain, and Algeria.
The complete DS100™ list can be viewed at http://www.dinarstandard.com
About Dinar Standard™
Dinar Standard™ is a business strategy e-magazine addressing the unique challenges and opportunities for businesses in the Muslim world and beyond. It provides actionable insights, research and resources relating to business strategy topics of innovation, leadership/ management, finance, marketing/ PR, and the Muslim Lifestyle Market™.
Sajjad Chowdhry, Associate Editor, Dinar Standard™, Hoboken, NJ 07030, USA T: 1-516-633-9915 F:1-201-526-8404 http://www.dinarstandard.com
# # #