Saudi Arabia’s Al Rajhi Bank has topped a list of the Gulf’s top 50 banks, published today by Arabian Business.
The list was based on market capitalisations of publicly listed banks, as of Monday 9 July. Al Rajhi, with a value of $29.59bn, took the top slot ahead of second placed Qatar National Bank, valued at $25.57bn.
Kuwait’s National Bank of Kuwait was third, ahead of two more Saudi firms – Samba Financial Group and Riyad Bank.
The highest ranked UAE bank was National Bank of Abu Dhabi, placed seventh with a market value of $8.71bn.
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