24. Banque Saudi Fransi (BSF)

Country: Saudi Arabia
Sector: Banks & Financial Services
CEO: Bader Alsalloom
Market Value: $11.6 billion
Sales: $4.1 billion
Profits: $1.1 billion
Assets: $67.6 billion

BSF was known as the French Banque de l’Indochine et de Suez until 1977 when foreign banks in Saudi Arabia were nationalized. Today, the bank has 82 branches and employs 3,189 people across Saudi Arabia. In 2023, BSF’s net profit grew by 18.1% to hit $1.1 billion. In May 2023, BSF issued $900 million in a USD-denominated sukuk. Kingdom Holding Company is the bank’s largest shareholder, with a 16.2% stake.