50. Capital Bank Group
Country: Jordan
CEO: Dawod Al Ghoul
Market value: $915 million
The Capital Bank Group operates in Jordan, Iraq, Saudi Arabia, and the U.A.E. It employs 2,190 people across 63 branches. In June 2022, the Saudi Public Investment Fund became a strategic investor in the bank with a 23.97% stake worth $185 million through the issuance of 63 million new shares. In October 2022, the Capital Bank Group completed a merger with Société Générale de Banqu-Jordanie (SGBJ). The bank’s total assets reached $9.8 billion in 2022 compared to $6.1 billion in 2021. The group acquired Bank Audi’s operations in Jordan and Iraq in 2021.