JPMC makes Middle East’s Top 100 Listed Companies 2022

Jordan Phosphate Mines Company  JPMC
(File photo: Jordan News)
AMMAN — The Jordan Phosphate Mines Company (JPMC) came 82nd in Forbes Middle East’s Top 100 Listed Companies 2022 with sales of $1.5 billion and a market value of $4.5 billion in 2021, according to the Jordan News Agency, Petra.اضافة اعلان

The Middle East’s listed companies have picked up their pace in the global market, with the top 100 listed companies pocketing $201.7 billion in total net income during 2021, an increase of over 121% compared to $91 billion in total net income in 2020, according to data on Forbes’ official website.

In 2021, JPMC’s phosphate production stood at 10 million tons, a 12% increase compared to the previous year. In May 2022, the company signed agreements with several Indian companies valued at $1.5 billion.

The world’s largest oil and gas giant, Saudi Aramco, tops the ranking with $400.5 billion in sales and a market value of $2.3 trillion, followed by SABIC and Qatar’s QNB Group.

The banking and financial services sector is the most represented with 42 entries, but energy, industrials, and petrochemicals generated the bulk of the net income, accounting for over 65% of the aggregate net income of the 100 companies.

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