64. Boubyan Bank

Country: Kuwait
Sector: Banks & Financial Services
Vice-Chairman and Group CEO: Adel Abdul Wahab Al-Majed
Market Value: $8 billion
Sales: $1.4 billion
Profits: $254 million
Assets: $27.3 billion

Boubyan Bank provides Islamic retail banking, corporate banking, and wealth management services. It was established in 2004 and had 48 branches across Kuwait as of December 2023. It has three principal operating subsidiaries: BLME Holdings, the Boubyan Takaful Insurance Company, and the Boubyan Capital Investment Company. In 2023, Boubyan Bank recorded net profits of $254 million, at a growth rate of 44% compared to 2022, with total assets of $27.3 billion.