7. National Bank of Kuwait (NBK)

Country: Kuwait
Vice Chairman and Group CEO: Isam Jasem Al-Sager
Market value: $25.1 billion

Established in 1952, NBK has 144 branches across 13 countries. In 2023, the group’s total assets hit $122.8 billion, with a net profit of $1.9 billion, an increase of 11% compared to 2022. The bank recorded $2.5 billion in sustainable assets in 2023, which it has pledged to raise to $10 billion by 2030. In December 2023, NBK, as part of a consortium of four banks, inked a $1.16 billion financing deal with Shomoul Holding Company to fund Phase 1 of the Avenues Khobar project. NBK also owns 59.9% of Boubyan Bank.