In February 2024, alrajhi bank led the list of the most valuable banks in MENA, with 96.6 billion U.S. dollars in market value. Saudi National Bank and First Abu Dhabi Bank followed with market values of 68.2 billion U.S. dollars and 41.5 billion U.S. dollars, respectively. Saudi Arabia accounted for one-third of the list, with ten banks totaling a market value of 279.5 billion U.S. dollars. The U.A.E. ranked second with seven banks valued at 128.7 billion U.S. dollars, followed by Qatar with six banks worth 73.6 billion U.S. dollars.
Forbes' most valuable banks in MENA in 2024, by market value
(in billion U.S. dollars)
Data is gathered from banks in the Middle East that are listed on stock exchanges across the Arab world, and ranked according to their market value as of February 23, 2024.
Subsidiaries of other publicly listed companies were not included.
Currency exchange rates were based on the values from February 23, 2024.
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Forbes. (February 22, 2024). Forbes' most valuable banks in MENA in 2024, by market value (in billion U.S. dollars) [Graph]. In Statista. Retrieved December 22, 2024, from https://www.statista.com/statistics/1543581/mena-most-valuable-banks-by-market-value/
Forbes. "Forbes' most valuable banks in MENA in 2024, by market value (in billion U.S. dollars)." Chart. February 22, 2024. Statista. Accessed December 22, 2024. https://www.statista.com/statistics/1543581/mena-most-valuable-banks-by-market-value/
Forbes. (2024). Forbes' most valuable banks in MENA in 2024, by market value (in billion U.S. dollars). Statista. Statista Inc.. Accessed: December 22, 2024. https://www.statista.com/statistics/1543581/mena-most-valuable-banks-by-market-value/
Forbes. "Forbes' Most Valuable Banks in Mena in 2024, by Market Value (in Billion U.S. Dollars)." Statista, Statista Inc., 22 Feb 2024, https://www.statista.com/statistics/1543581/mena-most-valuable-banks-by-market-value/
Forbes, Forbes' most valuable banks in MENA in 2024, by market value (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1543581/mena-most-valuable-banks-by-market-value/ (last visited December 22, 2024)
Forbes' most valuable banks in MENA in 2024, by market value (in billion U.S. dollars) [Graph], Forbes, February 22, 2024. [Online]. Available: https://www.statista.com/statistics/1543581/mena-most-valuable-banks-by-market-value/
