The Middle East's

Top 100 Listed
Companies 2022

26. Banque Saudi Fransi (BSF)

Country: Saudi Arabia

Sector: Banks & financial services

Chairman: Mazin Abdulrazzak AlRomaih

Market Value: $17.7 billion

Sales: $2.2 billion

Profits: $920 million

Assets: $57.5 billion

Banque Saudi Fransi was known as the French Banque de l’Indochine et de Suez until 1977 when foreign banks in Saudi Arabia were nationalized. The bank has 84 branches and employs more than 3,000 people. Kingdom Holding is the bank’s largest shareholder with a 16.2% stake, followed by Rashed Abdul Rahman AlRashed & Sons Group and Ram Holdings with 9.8% and 9%, respectively. Mazin Abdulrazzak AlRomaih was appointed chairman of the bank in 2022.