29. Bank AlJazira (BAJ)

Country: Saudi Arabia
CEO and Managing Director: Naif A. Al Abdulkareem
Market value: $4.3 billion

Established in 1975, BAJ provides Shariah-compliant banking services across Saudi Arabia. As of December 2023, it had 75 branches and 52 Fawri remittance centers in Saudi Arabia. In June 2023, the bank issued a SAR-denominated additional Tier 1 sukuk of $533.3 million, which is part of an additional Tier 1 Capital Sukuk program of $1.3 billion. In 2023, BAJ recorded $34.5 billion in total assets, while its net profit declined by 8% to $272 million.