15. Banque Saudi Fransi (BSF)

Country: Saudi Arabia
CEO: Bader Alsalloom
Market value: $12.3 billion

BSF was known as the French Banque de l’Indochine et de Suez until 1977, when foreign banks in Saudi Arabia were nationalized. Today, the bank has 82 branches and employs 3,154 people across Saudi Arabia. In 2023, BSF’s net profit grew by 18.1% to hit $1.1 billion, while its assets stood at $67.6 billion. In May 2023, BSF issued $900 million in a USD-denominated sukuk. Kingdom Holding Company is the bank’s largest shareholder, with a 16.2% stake.