97. Al Ahli Bank of Kuwait (ABK)

Country: Kuwait
Sector: Banks & Financial Services
Acting Group CEO: Abdulla Al Sumait
Market Value: $1.9 billion
Sales: $1.5 billion
Profits: $148 million
Assets: $20.4 billion

Established in 1967, ABK offers personal, corporate, and private banking services. It currently has 29 branches in Kuwait, 45 in Egypt, two branches in the U.A.E, and one offshore banking branch in DIFC. In December 2023, the bank issued $162.5 million subordinated tier 2 bonds. In September 2023, ABK increased its paid-up capital by 26.7% to reach $771.4 million. The Public Institution for Social Security owns an 11.68% stake in the bank, while the Kuwait Investment Authority holds 10.13%.