Bahrain’s leading listed firms operate across banking, industrials, telecommunications, insurance and retail. Together, they represent a significant share of the Bahrain Bourse’s total market capitalisation as of 21 April 2026.
We’ve ranked the ten largest Bahrain-listed companies by market capitalisation in Bahraini dinars (BHD), along with their most recent share price.
Our table below shows the ten largest Bahrain-listed companies by market capitalisation as of 21 April 2026. Figures are given in BHD, including the most recent share price.
| Rank | Company | Market cap (USD) | Share price (USD) |
|---|---|---|---|
| 1 | Aluminium Bahrain (Alba) | $2.6bn | $0.92 |
| 2 | National Bank of Bahrain | $2.1bn | $1.80 |
| 3 | Bank of Bahrain and Kuwait | $1.9bn | $0.94 |
| 4 | GFH Financial Group | $1.5bn | $0.39 |
| 5 | Batelco (Bahrain Telecommunication Company) | $1.5bn | $1.05 |
| 6 | Al Salam Bank | $1.3bn | $0.90 |
| 7 | United Gulf Holding Company | $0.7bn | $0.41 |
| 8 | Bank ABC (Arab Banking Corporation) | $0.7bn | $0.64 |
| 9 | Khaleeji Bank | $0.2bn | $0.62 |
| 10 | APM Terminals Bahrain | $0.2bn | $0.15 |
The data above is sourced from Bahrain Bourse disclosures and financial data providers as of 21 April 2026. It is provided for informational purposes only and does not constitute trading advice or a recommendation to trade. Market capitalisation figures and share prices are subject to change without notice.
The Bahrain Bourse (BHB) is the Kingdom's licensed stock exchange, regulated by the Central Bank of Bahrain (CBB) (LinkedIn/Bahrain Bourse, 9 February 2026). Its main benchmark is the Esterad All Share Index. As of 20 April 2026, the index stood at 1,934 points, down 0.76% in the previous session but up about 0.26% year on year (Trading Economics, 20 April 2026). Past performance is not a reliable indicator of future results. The exchange covers several sectors – including banking, industrials, telecommunications, and insurance – and recorded a Q1 2026 average of 1,899.08 across 7,368 trades (Bahrain Bourse, 6 April 2026).
Performance on the Bourse reflects domestic earnings, regional geopolitical developments, and commodity prices. In its April 2026 Monthly Market Outlook, the BHB said the index had peaked near 2,085 before a marked decline, largely linked to regional geopolitical pressure (Bahrain Bourse, 6 April 2026). In February 2026, Bahrain Bourse also launched its 2026–2028 Capital Market Development Plan, branded 'Elevate' (Gulf Daily News, 10 February 2026). The plan sets out five pillars: equity and capital formation, trading operations diversification, regulatory realignment, investor engagement, and digital readiness, and aims to improve liquidity, support IPO activity, and align the market with international standards (LinkedIn/Bahrain Bourse, 9 February 2026).
Aluminium Bahrain (Alba) is the largest company on the Bahrain Bourse by market capitalisation and the world's largest single-site aluminium smelter outside China (News of Bahrain, 18 February 2026). In Q4 2025, it reported net profit of 108.7 million BHD ($289.2 million), up 193.4% year on year. Full-year 2025 profit reached 218.7 million BHD ($581.6 million), up 18.5% from 2024 (Alba, 17 February 2026). Earnings per share rose to 154 fils, from 130 fils a year earlier, and the company declared a higher dividend in line with its 2025 results (Gulf News Journal, 18 February 2026).
Because Alba has a large weighting on the Bourse, its share price can affect wider market performance. It is also sensitive to global aluminium prices. In late March 2026, Goldman Sachs raised its Q2 2026 LME aluminium average price forecast from $3,100 to $3,200 per tonne*, partly citing supply disruptions linked to Middle East smelters including Alba (Mining Weekly, 24 March 2026). However, Alba said in March 2026 that it would shut down three production lines (Reduction Lines 1, 2 and 3), representing about 19% of total output, as an operational measure to preserve business continuity amid ongoing Strait of Hormuz disruptions (Reuters, 15 March 2026; Alba, 15 March 2026). Earlier, in January 2025, Alba and Saudi mining company Ma'aden ended talks on a potential business combination (Mining.com, 13 January 2025; Argaam, 13 January 2025).
*Predictions and third-party forecasts are inherently uncertain, as they cannot fully account for unexpected market developments. Past performance is not a reliable indicator of future results.
Banking is the largest sector on the Bahrain Bourse. National Bank of Bahrain (NBB), Bank of Bahrain and Kuwait (BBK), GFH Financial Group, Al Salam Bank, Bank ABC, and Khaleeji Bank make up a substantial share of listed market capitalisation. NBB reported full-year 2025 net income of 85.1 million BHD, up from 81.9 million BHD in 2024, and its Q4 2025 net profit rose 12% to 18.2 million BHD ($48.3 million) (NBB press release, 17 February 2026). BBK reported a record annual net profit of 80 million BHD for 2025, up 11.1% year on year, while total comprehensive income rose 47.1% to 102.2 million BHD, and the board recommended a cash dividend of 40 fils per share (Investing.com, 24 February 2026).
Bahrain's banking system balance sheet reached $250.3 billion at the end of January 2026, representing year-on-year growth of 1.6% (Gulf Daily News/Facebook, 16 March 2026). Banking stocks on the Bourse are influenced by interest rate policy, credit quality, and wider GCC economic conditions. Because the sector is heavily represented in the index, earnings season – often in February and May – can increase broader market volatility.
Several of the Bourse's largest listed companies operate under Islamic finance principles, including Al Salam Bank, GFH Financial Group, and Khaleeji Bank. Al Salam Bank – Bahrain's largest Islamic bank – increased its paid-up share capital in March 2026 after resolutions passed at its Ordinary and Extraordinary General Meetings, with the adjusted share price set at 0.216 BHD after issuance (Bahrain Bourse, 15 March 2026). In 2025, the bank also sold its 15.6% stake in Seef Properties to GFH as part of a plan to sharpen its focus on core banking, takaful, and asset management (Al Salam Bank, 29 May 2025).
GFH Financial Group reported net profit attributable to shareholders of $140.11 million for 2025, up 18.2% (GFH press release, 11 February 2026). In April 2026, it rebranded to 'GFH Bank', reflecting its shift from an investment group to a full-service Islamic bank (Zawya, 2 April 2026). Bahrain ranks first globally for Islamic finance regulations and fourth globally and second in MENA in the Islamic Finance Development Report (Bahrain EDB, 12 February 2026) – an environment that supports the compliance frameworks of these listed firms.
A Bahrain share CFDs is a contract for difference that allows you to trade on the price movements of Bahrain-listed shares without owning the underlying stock. The CFD tracks the share price, so you can take either a long or short position. CFDs are traded on margin – leverage amplifies both profits and losses.
Open and verify an account with a regulated CFD provider that offers Bahrain listings. Deposit funds, select the relevant Bahrain share CFD on the trading platform, choose your position size, and set risk management tools, such as a stop-loss and take-profit orders. Standard stop-loss orders are not guaranteed – guaranteed stop-loss orders (GSLOs) incur a fee if activated.
You may wish to evaluate each company’s financial position, market role, and recent performance. Use a demo account to practise. Always apply risk management, avoid trading more than you can afford to lose, and remember that past performance is not a reliable indicator of future results.
Experienced traders may use CFDs for trading strategies such as hedging, relative-value trading and short selling. Leverage can amplify both potential gains and losses, making strong risk controls essential.
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