Banque Saudi Fransi
Top 50 Banks in The Middle East

Rank: 13

Banque Saudi Fransi

Date of Establishment: 1977
Country: Saudi Arabia
CEO and Managing Director: Rayan Mohammed Fayez

Sales: $2.3 billion

Profits: $412 million

Assets: $51.7 billion

Market Value: $12 billion


Banque Saudi Fransi was previously 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 more than 3,000 employees. In 2020, it signed an agreement with Baud Telecom Co. to launch an electronic signature service. In 2021, it became the mandated lead arranger and key financier in the Red Sea Development Company. Rayan Mohammed Fayez was appointed Managing Director and CEO of Banque Saudi Fransi in 2018.