Saudi Arabia dominates top 10 most valuable MENA brands

(MENAFN) A recent study published by Brand Finance showed that Saudi Arabia dominated the top 10 list of most valuable brands in the Arabic region with 4 brands, Arab news reported. The list included 50 brands valued at USD13.2 billion with Saudi Arabia contributing 34% that is equivalent to USD39.3 billion of the total value. The study charts were presided by Emirati companies, the pioneer airlines "EMIRATES", and "Etisalat" . Despite Emirati corporates took over the first two spots, Saudi Arabia led the top 10 charts with 4 companies, which are: Saudi Telecom Company (STC), with $ 3.31 billion brand value, Landing third in the 50 MENA brands list, in addition to, Mobily ($ 2.511 billion), Almarai ($ 1.505 billion), Al-Rajhi Bank ($ 1.192 billion) and Saudi Basic Industries Corporation ($ 979 million).