THE MIDDLE EAST’S

61. Boubyan Bank

Country: Kuwait
Sector: Banks & Financial Services
Vice Chairman & Group CEO: Adel Al Majed
Market Value: $9.7 billion
Sales: $1.6 billion
Profits: $316 million
Assets: $30.6 billion

Boubyan Bank provides Islamic retail banking, corporate banking, and wealth management services. It has three principal operating subsidiaries: BLME Holdings, the Boubyan Takaful Insurance Company, and the Boubyan Capital Investment Company. In 2024, Boubyan Bank recorded a net profit of $316 million, at a growth rate of 23.7% compared to 2023, with total assets of $30.6 billion.