THE MIDDLE EAST’S

78. Commercial Bank of Kuwait (Al-Tijari)

Country: Kuwait
Sector: Banks & Financial Services
CEO: Elham Mahfouz
Market Value: $4.3 billion
Sales: $979 million
Profits: $513 million
Assets: $15.2 billion

Al-Tijari is the second oldest bank in Kuwait, operating through banking and investment activities. It also provides brokerage services through its subsidiary, the Al-Tijari Financial Brokerage Company. The bank’s net profit grew by 41.4% to $513 million in 2024. In July 2024, it obtained final approval from the Central Bank of Kuwait to issue a second tranche of subordinated Tier 2 bonds, with a value of up to $163.2 million. Al-Sharq Holding Company owned 23.9% of the bank as of May 2025.