THE MIDDLE EAST’S

61. Dukhan Bank *

Country: Qatar
Sector: Banks & Financial Services
Acting Group CEO: Ahmed Hashem
Market Value: $4.6 billion
Sales: $1.3 billion
Profits: $344 million
Assets: $29.2 billion

Dukhan Bank was incorporated in 2008 under the name Barwa Bank and commenced operations in 2009 as a full-service Shariah-compliant bank. It rebranded to Dukhan Bank in October 2020, following a merger with the International Bank of Qatar in 2019. The bank was listed on the Qatar Stock Exchange in February 2023 with a free float of 33.34% and a market cap valuation of $6.3 billion. The General Retirement and Social Insurance Authority is its largest shareholder, with a 24.5% stake.