STC is most valuable Saudi and Emirati brand, Kantar report finds

STC leads the 2023 Kantar BrandZ ranking of the top 30 most valuable Saudi and Emirati brands with a brand value of $13.7 billion. (Supplied)
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Updated 03 November 2023
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STC is most valuable Saudi and Emirati brand, Kantar report finds

  • Telecom giant STC retains its position for third year in a row
  • Its brand value is $13.7 billion

DUBAI: Telecom giant STC leads the 2023 Kantar BrandZ ranking of the top 30 most valuable Saudi and Emirati brands, retaining its number one position overall for the third year with a brand value of $13.7 billion.

Etisalat by e& is the most valuable Emirati brand, worth $9.5 billion, with its brand value growing by 69 percent in the past year. 

Collectively, the top 30 Kantar BrandZ Emirati and Saudi brands are worth more than $94.2 billion, equivalent to 5.8 percent of the two countries’ combined GDPs. 

Kantar is an analytics and consulting company.

“Our region is seeing rapid growth … the Kantar BrandZ Top 30 account for nearly 6 percent of the GDP of the UAE and KSA, (which is) a huge testament to the power of strong brands,” Amol Ghate, managing director, MENAP, Insights Division, Kantar, told Arab News. 

The ranking remains largely stable with 29 of last year’s 30 ranked Saudi and Emirati brands returning in 2023.

The only newcomer is pharmacy retailer Nahdi, which entered at No. 7 in the Saudi ranking with a brand value of $2 billion.

In the Kingdom, real estate brand Dar Al Arkan and Saudia Dairy have both grown their value by 34 percent. 

The former, valued at $573 million, recently constructed the world’s tallest 3D-printed building in Riyadh, while the latter, valued at $547 million, rebranded earlier this year.

The financial services and telecom providers categories dominate the rankings, together accounting for nearly three-quarters of the total brand value. 

The financial services category has the highest representation, with 13 brands, and is the most valuable category, contributing to 44 percent of the overall value. 

The categories that have seen significant growth this year are travel services (69 percent), retail (30 percent), real estate (16 percent), energy (14 percent) and food and beverages (7 percent).

Ghate said: “The importance of brands in consumer decision-making has increased in the last four years, and brands that are creating meaningfully different offers and experiences, while ensuring that they stay salient in consumers’ minds, have seen more than a 500 percent growth in value compared to other brands.”


Gems of Arabia magazine launched to spotlight talents shaping Saudi Arabia’s evolving cultural landscape

Updated 15 January 2026
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Gems of Arabia magazine launched to spotlight talents shaping Saudi Arabia’s evolving cultural landscape

  • The publication features established and emerging talents elevating the region across design, fashion, art, tech, music, architecture and media
  • Saudi fashion designer Hatem Alakeel seeks to highlight the richness of the Kingdom, and wider modern Arab culture to global audiences

DUBAI: When Saudi fashion designer Hatem Alakeel interviewed Princess Reema bint Bandar Al-Saud before her appointment as Saudi ambassador to the US, the longtime advocate of women’s empowerment made a powerful prediction: “I look forward to the day that the Saudi woman is no longer the story but rather a phenomenal achievement.”

That moment would become the foundation for Gems of Arabia, an arts and culture audio-visual podcast that spotlights the creative talents shaping the landscape of Saudi Arabia and the broader region.

Over six years, Gems of Arabia has documented the sweeping transformation of the Kingdom’s art and culture scene, and is now evolving into a full-fledged magazine.

Hatem Alakeel is a Saudi fashion designer. (Supplied)

“It started off as a column I used to write, and from there, it turned into a podcast. Now it is growing into a magazine,” Dubai-based Alakeel, the magazine’s founder and editor-in-chief, told Arab News ahead of the launch of the digital publication on Thursday.

Besides spotlighting celebrated regional artists, Alakeel said Gems of Arabia is in search of the “hidden gems” elevating the region across design, fashion, art, tech, music, architecture and media.

The magazine serves as a platform for talented, authentic creatives and tech entrepreneurs unable to articulate their work “because they don’t have the public relations or capacity to promote themselves even through social media.”

Alakeel added: “Our job is to identify all these authentic people; you don’t have to be famous, you just have to be authentic, and have a great story to tell.”

The digital publication offers a dynamic blend of short-form podcasts, coverage of regional cultural events, in-depth features and editorials, long-form interviews and artist profiles — spotlighting both celebrated and emerging talents. This is complemented by social media vox pops and bite-sized coverage of art events across the region.

Alakeel, who also runs Authenticite, a consulting and creative production agency connecting creators and brands who want to understand Saudi culture, said the magazine content is “carefully curated” to feature topics and personalities that resonate in the region.

What differentiates Gems of Arabia, he said, is its story of continuity and substance amassed over the years that has captured the evolution of the wider regional landscape.

“The website represents an archive of nearly 150 articles compiled through years of podcasts and long-form conversations that show continuity and depth changes,” he said.

“So, it’s an evolution and it’s another home for all our content and our community.”

Growing up in France, Alakeel said his mission started early on when he felt the need to represent his Saudi culture “in a way where it can hold its own internationally.”

Through his first brand, Toby, he sought to bring the traditional thobe into modern designs and introduce it to the luxury fashion world. This mission was accomplished when his thobe designs were placed alongside global labels such as Harvey Nichols, Dolce & Gabbana and Prada.

What began as a personal design mission would soon expand into a broader platform to champion Saudi talent. 

“I was articulating my culture through fashion and it just felt natural to do that through the incredible people that the region has,” Alakeel said, adding that the magazine aims to highlight the richness of the Kingdom, and wider modern Arab culture to global audiences.

“Art is such a great way of learning about a culture and a country,” he said. 

On the ground in Saudi Arabia, the publication hosts GEMS Forum, a series of live cultural gatherings that bring together prominent artistic figures for in-depth conversations later transformed into podcast episodes recorded with a live audience.

Alakeel said the print edition of Gems of Arabia will debut in March, designed as a collectible coffee-table quarterly distributed across the Gulf.

He envisions the platform growing into a long-term cultural record.

“It's a Saudi-centric magazine, but the idea is to make it inclusive to the region and everyone authentic has a seat at the table,” said Alakeel.