The Saudi Fast Growth Awards (SFG) are an annual ranking of the fastest-growing companies in the Kingdom of Saudi Arabia.

SAGIA’s Private Sector Initiatives Program launched the Saudi Fast Growth 100 as its first initiative in 2008, to measure the growth within the smaller-sized corporate segment of the Saudi economy due to this segments’ impact on employment and the economy at large. The 2008 results took the Saudi business community by storm.Along with joint founding partners the Al Watan Newspaper and the National Commercial Bank (NCB), SAGIA’s NCC has brought the SFG forward into 2011 with a sight to further develop growth measurements for this segment of Saudi private sector to understand even more about the how and why of general Saudi economic growth.

The program awards and highlights fast-growing Saudi companies that represent the future of the Kingdom. 

SFG 100 list measures the fastest growing Saudi Arabian companies in two categories: companies over five years and start-ups.

SAGIA, Alwatan newspaper and the NCB initiated the awards as founding partners, and are joined this year by Abraaj Capital as a strategic sponsor, to recognize the contribution of fast growing private companies to the economy of Saudi Arabia. PwC has joined the SFG as Knowledge Partner.

SFG shines a spotlight on a new generation of companies that are creating jobs and spurring innovation and growth.They are the Kingdom’s “leading indicator” of competitiveness. By highlighting these companies, the SFG seeks to ignite the imagination of the country’s entrepreneurs, encouraging them to take the risk and start the next generation of small and medium-size companies, ensuring the Kingdom's future prosperity.Each year we find and rank the fastest-growing companies in the Kingdom. Winners are ranked according to their revenue performance over the last three (3) years. In addition,we recognize companies that are less than five years old with the Saudi Fast Growth Start-up Award. For the NCB's start-up award, we rank companies according to their revenue growth over the last two years. Regional companies and companies owned by women and young entrepreneurs will also be recognized. The application process is rigorous, including verification of financial figures provided by applicant companies,ensuring awardees are real companies, with real growth and real success.

The awards seek to recognize the fastest growing businesses in the Kingdom. Generally, the fastest growing businesses will be small and medium sized enterprises (SMEs). SMEs are the foundation of a vibrant, competitive, knowledge-based economy. The National Competitiveness Center seeks to harness & encourage best practices within SMEs; to help them grow & flourish and have new ones surface. In its effort to harness this important economic sector,the National Competitiveness Center launched the Saudi Fast Growth to help find and highlight the fastest growing Saudi companies in order to show the underlying health of the economy and its emergent trends. The SFG list measures the fastest-growing Saudi Arabian companies; companies over five years old and start-ups.