2. Saudi National Bank (SNB)

Country: Saudi Arabia
Acting Group CEO: Talal Alkhereiji
Market value: $68.2 billion

SNB was founded as NCB in 1953 and merged with Samba Financial Group in 2021. Today, it operates 470 branches, 19 retail service centers, and 96 QuickPay remittance centers in Saudi Arabia, as well as four overseas branches in Bahrain, the U.A.E, Qatar, and Singapore. It employed 16,084 people and had 14.2 million customers as of December 2023. In February 2024, The bank issued $850 million in a USD-denominated sukuk under its international sukuk program. SNB’s net profit hit $5.4 billion in 2023, an increase of 7.4% compared to 2022, with total assets of $276.6 billion. Saudi’s Public Investment Fund owns a 37.2% stake in the bank.