THE MIDDLE EAST’S

88. Bank ABC

Country: Bahrain
Sector: Banks & Financial Services
Group CEO: Sael Al Waary
Market Value: $1.1 billion
Sales: $3.7 billion
Profits: $351 million
Assets: $46.3 billion

Bank ABC offers international wholesale banking services in 15 countries across the Middle East, North Africa, Europe, the Americas, and Asia. It also provides retail banking services through its network of branches in Jordan, Egypt, Tunisia, Algeria, and ila Bank, its digital mobile-only bank, in Bahrain, and the ila application in Jordan. In March 2024, Bank ABC Egypt completed its merger with BLOM Bank Egypt, tripling its market share. The bank’s net profit rose by 19% in 2024 to $351 million. The Central Bank of Libya and the Kuwait Investment Authority are its major shareholders.