Rank: 8
National Bank Of Kuwait (NBK)
Date of Establishment: 1952
Country: Kuwait
Group CEO: Isam J. Al-Sager
Sales: $3.9 billion
Profits: $859 million
Assets: $98.7 billion
Market Value: $20 billion
When NBK was founded in 1952, it was the first indigenous bank in Kuwait and the first shareholding company in the Gulf region. The bank reported a net profit of $295.8 million in Q1 2021—an 8.7% year-on-year increase compared to Q1 2020. During the pandemic, NBK launched mobile bank branches—a fleet of vehicles that provided services to customers at their doorsteps, such as ATM transactions, withdrawals, and deposits. Isam J. Al-Sager also serves on the boards of Watani Wealth Management (KSA) and MasterCard.