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Two UAE Banks Amongst Forbes Top 5 Banks in the Middle East

  • Publish date: Friday، 05 August 2022
Two UAE Banks Amongst Forbes Top 5 Banks in the Middle East

Forbes Middle East has unveiled its ranking of the Middle East’s Top 30 Banks 2022 as Qatar’s QNB Group topped the list with $300.3 billion in total assets.

The UAE’s First Abu Dhabi Bank, Saudi’s Al Rajhi Bank, and Saudi National Bank were all in the second place while Emirates NBD was in the top five.

Read More: UAE Central Bank Imposes Sanctions on 6 Banks

Read More: Your Guide to Top Banks in the UAE 2022

The top five amassed $16.8 billion in 2021 profits, constituting 49% of the aggregate profits of the 30 banks on the list.

Forbes Middle East compiled data from listed stock exchanges in the Arab world and ranked companies based on sales, profits, assets, and market value.

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