THE MIDDLE EAST'S

TOP 30 BANKS 2022

12. Banque Saudi Fransi (BSF)

Country : Saudi Arabia
Acting CEO: Bader Alsalloom
Market value: $15.4 billion
Revenues: $2.2 billion
Profits : $920 million
Assets: $57.5 billion

BSF was known as the French Banque de l’Indochine et de Suez until 1977, when foreign banks in Saudi Arabia were nationalized. The bank has 84 branches and employs more than 3,000 people. Kingdom Holding is the bank’s largest shareholder with a 16.2% stake, followed by Rashed Abdul Rahman AlRashed & Sons Group and Ram Holdings with 9.8% and 9%, respectively.