Bank Aljazira
Top 50 Banks in The Middle East

Rank: 37

Bank Aljazira

Date of Establishment: 1975
Country: Saudi Arabia
CEO and Managing Director: Naif A. Al Abdulkareem

Sales: $1.2 billion

Profits: $9 million

Assets: $24.6 billion

Market Value: $4 billion

Shariah-compliant Bank Aljazira provides personal banking, corporate banking, investment banking, private banking, money transfer, and treasury services. The bank currently operates 78 branches in Saudi Arabia. In late 2020, the bank announced the appointment of Naif Al Abdulkareem as CEO, who previously served on the boards of HSBC Saudi Arabia and SABB Takaful. The bank recorded profits of $9 million in 2020, a drop of 96.6% compared to 2019.