The document summarizes a presentation given by Rafi-uddin Shikoh on the top 100 companies from OIC (Organization of Islamic Cooperation) member countries. It discusses the business landscape and opportunities in OIC economies, highlighting sectors like food and agriculture where many leading companies operate. It also identifies gaps in innovation and marketing that OIC companies could address to become more globally competitive.

1. 1
Presented at:
July 9th, 2013
By, Rafi-uddin Shikoh, CEO
Growth Strategy Research & Advisory
* OIC: Organization of Islamic Cooperation – 57 member countries

2. 2© 2011 DinarStandard, Strategy Insights, Inc.

3. 3© 2011 DinarStandard, Strategy Insights, Inc.

4. 4© 2011 DinarStandard, Strategy Insights, Inc.
• The Business Landscape of Muslim
Countries –
As profiled by the 9th Annual -2012
DS100 Ranking of Top 100
Companies of the OIC member
countries
• Importance of large enterprises
• 3 Areas of leadership opportunities

5. 5© 2011 DinarStandard, Strategy Insights, Inc.

6. 6© 2011 DinarStandard, Strategy Insights, Inc.
OIC* Economies:
US$ 9.9 trill GDP, ’11

7. 7© 2011 DinarStandard, Strategy Insights, Inc.
OIC* Economies:
Intra-OIC Targets – 25%
Islamic Finance:
US$ 1.5 trillion
in Assets
Halal Lifestyle:
US$ 2+ trillion
‘Halal’ consumer
market

8. 8© 2011 DinarStandard, Strategy Insights, Inc.

9. 9© 2011 DinarStandard, Strategy Insights, Inc.
Country/ Company
GDP/ Revenue ($
billion/ 2012)
Indonesia $ 895
Turkey $ 783
Saudi Arabia $ 657
Royal Dutch Shell $ 484
Iran $ 484
Exxon Mobil $ 453
Wal-Mart Stores $ 447
BP $ 386
Sinopec Group $ 375
United Arab Emirates $ 362
China N.P $ 352
Malaysia $ 307
Nigeria $ 273
State Grid $ 259
Egypt $ 255
Chevron $ 246
ConocoPhillips $ 237
Toyota Motor $ 235
Total $ 232
Pakistan $ 231
companies are
large enough to
be a top 20 OIC
country by GDP!
11

10. 10© 2011 DinarStandard, Strategy Insights, Inc.
OIC: 15% of population
under-nourished
(Compared to 13%
global)*
OIC: 0.52 Education
dev. Index vs. 0.61
global average*
Employment

11. 11© 2011 DinarStandard, Strategy Insights, Inc.
Purpose: Recognize domestic
companies of the OIC* member
countries; provide a benchmark
perspective on the trend and growth
of the corporate landscape

12. 12© 2011 DinarStandard, Strategy Insights, Inc.

13. 13© 2011 DinarStandard, Strategy Insights, Inc.
• By revenue last EOY
• OIC domestic (majority owned)
• Public listed, private and government
owned also included (for whom data
available publicly or derived)
• Sovereign Wealth Funds NOT included
Disclaimer:
The DS100 is compiled to benchmark the business profile of the OIC member countries corporations. It is not
meant to be an investment advice and includes data compiled based on publicly available sources. DinarStandard
cannot accept any responsibility for information that is inaccurate or out-of-date, nor can it accept responsibility
for any ramifications that this may have for users of this website.

14. 14© 2011 DinarStandard, Strategy Insights, Inc.
Company had 20% of
Europe's color TV
market share
The largest instant
Noodles manufacturer
in the world
Has line of chocolates
and biscuits marketed
in 95 countries. Owns
Godiva
One of the
world’s largest
palm oil producer
Has achieved
125+ patents
The fastest growing
brands of the DS100
– Hint: Travel

15. 15© 2011 DinarStandard, Strategy Insights, Inc.
Note: all logos properties of respective companies

16. 16© 2011 DinarStandard, Strategy Insights, Inc.
NAME Rank COUNTRY
EOY 2011
Revenue
(USD million) Growth
Primary
Ownership
Saudi Arabian Oil Co. (Saudi Aramco) 1 Saudi Arabia $ 365,204 58.2% Government
National Iranian Oil Company 2 Iran $ 110,000 9.8% Government
Kuwait Petroleum Corp. 3 Kuwait $ 104,637 26.8% Government
Petroliam Nasional Bhd. (Petronas) 4 Malaysia $ 79,652 23.6% Government
Qatar Petroleum 5 Qatar $ 79,423 53.8% Government
Abu Dhabi National Oil Co. 6 UAE $ 71,670 53.1% Government
South Oil Company (SOC) 7 Iraq $ 68,640 66.9% Government
PT Pertamina (Persero) 8 Indonesia $ 64,756 36.5% Government
Sonatrach 9 Algeria $ 58,793 23.5% Government
Saudi Basic Industries Co. (SABIC) 10 Saudi Arabia $ 50,634 25.0% Listed
Note: all logos properties of respective companies

17. 17© 2011 DinarStandard, Strategy Insights, Inc.
3
4
5
8
8
9
13
14
14
22
Cap Goods
Consumer Cyclical
Util
Food & Agriculture
Transportation
Basic Materials
Services
Diversified
Finance
Energy
Top Sectors by # of Companies on the list
36.3%
35.7%
34.3%

18. 18© 2011 DinarStandard, Strategy Insights, Inc.
Total Revenues
$1,757
billion
YOY Growth
28%
(Fortune 100
grew 13% same
period)$3.57
($76 billion
Fortune 100)
billion
(Represents 13%
of Fortune 100)
Minimum threshold to be on DS100
Listed 57
Government 31
Private 12
Ownership type

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1
1
1
1
1
1
1
1
2
3
3
3
4
5
8
9
10
11
15
19
Oman
Algeria
Azerbaijan
Brunei
Libya
Pakistan
Syria
Iraq
Nigeria
Morocco
Kazakhstan
Qatar
Egypt
Kuwait
Iran
UAE
Indonesia
Saudi Arabia
Malaysia
Turkey

20. NAME Rank
EOY 2011
Revenue (USD) Growth Ownership Sector
Saudi Aramco 1 $ 365,204 58.2% Government Energy
SABIC 10 $ 50,634 25.0% Listed Basic Materials
Saudi Telecom Company 16 $ 14,842 7.5% Listed Services
Petro Rabigh 20 $ 14,231 14.0% Listed Energy
Saudi Electric Company 35 $ 7,540 9.3% Listed Utilities
Savola Group 38 $ 6,719 19.8% Listed Food Processing
Saudi Arabian Airlines 55 $ 5,671 7.0% Government Transportation
Etihad Etisalat (Mobily) 61 $ 5,346 25.2% Listed Services
Tasnee (NIC) 63 $ 5,240 22.9% Listed Basic Materials
Consolidated Contractors Int’nl 84 $ 4,376 -0.1% Private Capital Goods
National Commercial Bank 98 $ 3,663 3.8% Government Finance
20© 2011 DinarStandard, Strategy Insights, Inc.
Samba Financial Group
Riyad Bank
Kingdom Holding Co.
Abdul Latif Jameel Group
Al Rajhi Banking and Investment Corp.
Saudi Oger Company Ltd.
Dallah Albaraka Group
Saudi Binladin Group
Some KSA companies
previously on list:
Note: all logos properties of respective companies

21. 21© 2011 DinarStandard, Strategy Insights, Inc.
NAME Rank COUNTRY
2011
Revenue
(USD) Growth
Primary
Ownership INDUSTRY
Golden Agri-Resources 49 Indonesia $ 5,953 70% Listed Palm Oil
Kuala Lumpur Kepong 100 Malaysia $ 3,576 43% Listed Plantation,
oleochemicals, property
IOI Group 65 Malaysia $ 5,217 29% Listed Palm Oil
Felda Holdings Bhd 48 Malaysia $ 5,979 21% Private Agriculture, Forestry,
Fishing, and Hunting
Savola Group 38 Saudi Arabia $ 6,719 20% Listed Food Processing
Indofood 75 Indonesia $ 4,665 18% Listed Food Processing
Yildiz Holding/ Ulker 45 Turkey $ 6,255 14% Listed Food Processing
Gudang Garam Tbk PT 87 Indonesia $ 4,310 11% Listed Tobacco
Note: all logos properties of respective companies

22. 22© 2011 DinarStandard, Strategy Insights, Inc.
7%
24%
17%
20%
26%
6%
2%
36%
2005 2006 2007 2008 2009 2010 2011 2012
Historical Revenue Growth
(DS100 Food & Agriculture Companies, 2005-2012)

23. 23© 2011 DinarStandard, Strategy Insights, Inc.
1. Global leadership
2. Intra-OIC investments
3. Global Halal Lifestyle Market

24. 24© 2011 DinarStandard, Strategy Insights, Inc.
CRISISOPPORTUNITY
Food
SME/Ethical
Financing
Energy/
Water
Knowledge
gap
Health Management
Agriculture
sector
Leadership
Sustainable
Tech.
Leadership
.
Education
sector
Leadership
Healthcare
sector
Leadership
Management
Leadership
Islamic
Finance

25. 25© 2011 DinarStandard, Strategy Insights, Inc.
Zero OIC based companies

26. 26© 2011 DinarStandard, Strategy Insights, Inc.
50 Most Innovative Global
Companies
Innovation gaps: A comparative DinarStandard Study
VS
Top 100+ Companies of
the Muslim World

27. 27© 2011 DinarStandard, Strategy Insights, Inc.
50 Most Innovative Global
Companies
a) Corporate culture that discourages “Fear of Failure”
b) Big thinking
c) A corporate culture that encourages “Critical Thinking”
Address “Chronic” gaps in OIC markets’ innovation
culture. Develop:
Innovation gaps: A comparative DinarStandard Study
VS
Top 100+ Companies of
the Muslim World

28. 28© 2011 DinarStandard, Strategy Insights, Inc.
Top 100+ Companies of
the Muslim World
Marketing gaps: A comparative DinarStandard Study
VS
Leading Global Brands

29. 29© 2011 DinarStandard, Strategy Insights, Inc.
Top 100+ Companies of
the Muslim World
a) Develop Authentic brand soul/ identity
b) Benchmark marketing investment to global leaders
Address major gaps in branding & marketing:
Marketing gaps: A comparative DinarStandard Study
VS
Leading Global Brands

30. 30© 2011 DinarStandard, Strategy Insights, Inc.
TURKEY
Morocco
Pakistan
KSA
Iran
Kazakhstan
Nigeria
Uganda
Tunisia
Source: DinarStandard OIC Clustering Model Analysis - 2011
Hub Node
Ivory
Coast MALAYSIA
Export based Hub & Nodes
Jordan
Egypt
UAE INDONESIA

31. 31© 2011 DinarStandard, Strategy Insights, Inc.
DS100 Food & Agri Companies Other Emergıng Brands:
Note: all logos properties of respective companies

32. Select Industry Sub-sector

32© 2011 DinarStandard, Strategy Insights, Inc.
© 2011 DinarStandard Research & Advisory

33. Select Industry Sub-sector

33© 2011 DinarStandard, Strategy Insights, Inc.
Map OIC Sub-Sector Cluster

© 2011 DinarStandard Research & Advisory

34. Select Industry Sub-sector

34© 2011 DinarStandard, Strategy Insights, Inc.
Map OIC Sub-Sector Cluster

Identify Gaps & Needs in Sub-Sector Value Chain
Raw
Inputs
Marketing Distrib-
ution
Consumer
Production/
Operation

Inefficiencies? Offering gaps? Sustainable productivity needs?
© 2011 DinarStandard Research & Advisory

35. Select Industry Sub-sector

35© 2011 DinarStandard, Strategy Insights, Inc.
Map OIC Sub-Sector Cluster

Halal Value Chain
Alliances
New Growth
Markets
Investment
Opportunities

Generate sustainable growth opportunities
Identify Gaps & Needs in Sub-Sector Value Chain
Raw
Inputs
Marketing Distrib-
ution
Consumer
Production/
Operation

Inefficiencies? Offering gaps? Sustainable productivity needs?
© 2011 DinarStandard Research & Advisory

36. 36© 2011 DinarStandard, Strategy Insights, Inc.
Media
Online
Services
Education
Hospitality
Other
Pharma
Retail
Consumer
Goods
Halal Food
Retail
Islamic
Finance
Fashion
Tourism
Global
Audience
Faith driven
Global Muslim
Consumer Base
1.6 Billion ppn.
*US$1.8 trillion+
spend
© DinarStandard

37. 37© 2011 DinarStandard, Strategy Insights, Inc.
May the Top 100 Companies of the OIC
member countries:
- Drive profitable business solutions
around global social needs
- Incubate breakthrough innovative
technologies, processes, business
models, customer experiences
- Develop models of responsible business
- Develop global ‘Halal’ lifestyle brands
- Become major part of the Most
Respected, Most Ethical, Largest global
firms
Ameen.

38. 38© 2011 DinarStandard, Strategy Insights, Inc.
Growth Strategy Research & Advisory
CONTACT:
Rafi-uddin Shikoh
Managing Director
DinarStandard
80 Broad Street, 5th Floor,
New York City, NY 10004, USA
T: 1-347-624-7454
F: 1-201-526-8404
E: rafishikoh@dinarstandard.com
W: advisory.dinarstandard.com