38. Commercial Bank

Country: Qatar
Sector: Banks & Financial Services
Group CEO: Joseph Abraham
Market Value: $4.7 billion
Sales: $3.3 billion
Profits: $827 million
Assets: $45.2 billion

Commercial Bank operates in Qatar and has a presence in Türkiye through its fully-owned subsidiary, Alternatif Bank. It owns and operates the Diners Club franchise in Qatar and Türkiye. In April 2023, it issued $117.9 million in a three-year privately placed QAR-denominated bond. The group recorded a net profit of $827 million in 2023, an increase of 7.1% compared to 2022. The Qatar Investment Authority owned 16.4% of the bank as of March 2024.