The Middle East's

Top 100 Listed
Companies 2022

3. QNB Group

Country: Qatar

Sector: Banks & financial services

Group CEO: Abdulla Mubarak Al-Khalifa

Market Value: $59.1 billion

Sales: $14 billion

Profits: $3.6 billion

Assets: $300.3 billion

QNB is the largest bank in the Middle East and Africa and the second-largest entity in the region in terms of assets after Aramco. The group has a presence in more than 31 countries across three continents. It employs more than 27,000 people across 1,000 locations. QNB has acquired stakes in various financial institutions, including a 20% stake in Togo-based Ecobank, a 38.6% stake in Jordan’s Housing Bank for Trade and Finance, 40% of the U.A.E.’s Commercial Bank International (CBI), and nearly 100% of QNB Tunisia. In April 2022, it allowed foreign ownership limit of up to 100%.