THE MIDDLE EAST’S

59. Bank AlJazira
Country: Saudi Arabia
Sector: Banks & Financial Services
CEO & Managing Director: Naif Al Abdulkareem
Market Value: $4.6 billion
Sales: $2.6 billion
Profits: $328 million
Assets: $39.7 billion
In June 2024, Bank AlJazira acquired Solidarity Group Holding's 7% stake in AlJazira Takaful Taawuni Company for $20.3 million. As of March 2025, Bank AlJazira provided Shariah-compliant banking services across 73 branches and 32 Fawri remittance centers in Saudi Arabia. In January 2025, it issued a $266.7 million SAR-denominated additional tier 1 sukuk as part of its $1.3 billion additional tier 1 capital sukuk issuance program. The bank’s net profit grew by 20.7% in 2024 to $328 million.