Table 1. Study sample # Country No. of...

Table 1.

Study sample

#	Country	No. of listed corporations analyzed	Country’s share from total sample “Rounded figures” (%)
1	Egypt	37	27
2	United Arab of Emirates	9	6
3	Morocco	8	5
4	Saudi Arabia	16	12
5	Kuwait	4	3
6	Qatar	4	3
7	Oman	16	12
8	Palestine	6	4
9	Tunisia	14	10
10	Iraq	12	9
11	Bahrain	2	1
12	Jordan	6	4
	Total	134	100%

#	Country	No. of listed corporations analyzed	Country’s share from total sample“Rounded figures” (%)
1	Egypt	37	27
2	United Arab of Emirates	9	6
3	Morocco	8	5
4	Saudi Arabia	16	12
5	Kuwait	4	3
6	Qatar	4	3
7	Oman	16	12
8	Palestine	6	4
9	Tunisia	14	10
10	Iraq	12	9
11	Bahrain	2	1
12	Jordan	6	4
	Total	134	100%

Notes:

According to the World Bank, the MENA region comprises 19 countries. Our sample only covered 12 countries excluding Yemen, Djibouti, Algeria, Iran, Lebanon, Libya and Syria due to data unavailability or firms listed had mixed lines of business besides consumer goods

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