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According to the study released by the business strategy internet magazine Dinar Standard, the results show the increasing power of the economies of the OIC member states, with many of the oil rich nations diversifying away from a dependence on the petrochemical sector.
Turkish companies led the rankings, having 25 companies listed, followed by 22 from Malaysia, 15 from Saudi Arabia, and 11 from Indonesia. Multi faceted companies, such as the Turkish family-owned conglomerates Koc Holding, Sabanci Holding, and Dogan Holding represent the largest industry sector on the list, with financial services corporations such as Ziraat Bank, IsBank, Akbank, and Vakif topping the rankings in terms of highest revenues.
Under the telecoms heading, state owned Turk Telekom is ranked second, just behind Saudi Telecom. | |