2. Saudi National Bank (SNB)

Country: Saudi Arabia
Sector: Banks & Financial Services
CEO: Tareq Al Sadhan
Market Value: $59.1 billion
Sales: $15.7 billion
Profits: $5.4 billion
Assets: $276.6 billion

SNB was founded as NCB in 1953, which merged with Samba Financial Group in 2021 to create SNB. As of March 2024, it operated 474 branches, 19 retail service centers, and 96 QuickPay remittance centers in Saudi Arabia, as well as four overseas branches in Bahrain, the U.A.E, Qatar, and Singapore. As of December 2023, it employed 16,084 people and had 14.2 million customers. In February 2024, the bank issued $850 million in a USD-denominated sukuk under its international sukuk program. Saudi’s Public Investment Fund owns a 37.2% stake in the bank.