19. Saudi Awwal Bank (SAB)

Country: Saudi Arabia
Sector: Banks & Financial Services
Managing Director and CEO: Tony Cripps
Market Value: $21.9 billion
Sales: $5.8 billion
Profits: $1.9 billion
Assets: $95.1 billion

SAB was established as the Saudi British Bank in 1978. In 2019, it merged with Alawwal Bank and changed its name to Saudi Awwal Bank in April 2023. It has a network of 103 branches in Saudi Arabia. The bank’s net profit increased by 45.1% in 2023 to $1.9 billion. By the end of 2023, SAB’s mortgage portfolio grew by 27% to hit $7.4 billion. HSBC Holdings B.V holds 31% of the bank, while Olayan Saudi Investment Company owns 20.4%.