24. Commercial Bank

Country: Qatar
Group CEO: Joseph Abraham
Market value: $5.76 billion

Commercial Bank operates in Qatar and has a presence in Türkiye through its fully-owned subsidiary, Alternatif Bank. It owns and operates the Diners Club franchise in Qatar and Türkiye. In April 2023, it issued $117.9 million in a three-year privately placed QAR-denominated bond. The group recorded a net profit of $827 million in 2023, an increase of 7.1% compared to 2022, and had a total asset of $45.2 billion. The Qatar Investment Authority owns 16.4% of the bank as of March 2024.