Muslim World's Top 100 Businesses Get Big Boost from Oil Windfall: 2007 DS100 Ranking Released

Hoboken, NJ (PRWEB) January 30, 2008 -- Dinar Standard?, a business strategy e-magazine, released its 4th annual ranking of the top 100 businesses in the 57 member countries of the OIC (Organization of the Islamic Conference.)

With US $1.08 trillion in total revenues (based on EOY 2006 data) and a healthy 14.6% in revenue growth over the year before, the ranking showcases the continuing strengthening of the Muslim world economies. (Fortune 100 Global Company revenues grew 10% in the same period.)

Saudi Aramco, the world's top oil producer, continues to lead the DS100? as the largest business enterprise of the Muslim world and the 20 Integrated Oil & Gas Companies on the list continued their dominance representing 65% of the total DS100 company revenues.

However, the biggest year on year growth in revenue was logged by construction services companies at 74% and the ten largest growth companies in the ranking were all non-energy specific.

Saudi Oger, the Saudi Arabia based construction and telecom services Company showed an impressive year to year 142% revenue growth followed by Agility (124%), the Kuwait based freight trucking player. Other big gainers include Zain (108%), Kazakhmys (94%), Koc Holding (90%), Consolidated Contractors International (79%), Emaar Properties (67%), The Lion Group (52%), and IOI Group (47%).

The purpose of the DS100? is to portray as close a picture as possible of the domestic 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 (57 of the 100) representing the growing public markets of the Muslim world.

"This year's ranking highlights the anchor role oil revenues are playing in aggressive diversification of OIC member state economies." says Rafi-uddin Shikoh, Editor of Dinar Standard?. "We also see a higher level of maturity in management practices amongst the DS100? companies which is leading many to embark on global leadership plans. This is a very healthy trend."

Turkish companies continue to lead the list with 24 represented enterprises, followed by 17 from Malaysia, 15 from Saudi Arabia, 9 from Indonesia, and 7 from the UAE. Other countries represented include the Egypt, Kuwait, Pakistan, Iran, Nigeria, Morocco, Kazakhstan, 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?.

CONTACT INFORMATION:

Rafi-uddin Shikoh, Editor, Dinar Standard?,

Suite 6, 206 Bloomfield Street

Hoboken, NJ 07030, USA

T: 1-347-624-7454

F:1-201-526-8404

E: ds100(at)dinarstandard.com

http://www.dinarstandard.com

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