23. alBaraka Bank Egypt
Sector: Banking and financial services
Vice Chairman and CEO: Hazem Hegazy
Market Value: $196 million
Sales: $285 million
Profits: $57 million
Assets: $2.8 billion
The bank offers Shariah-compliant financial services across 33 branches and employs 1,161 people. In 2022, the bank’s net profit jumped to $57 million, an increase of 55.3% compared to 2021. By the end of 2022, the bank increased its capital to $164.5 million from $60 million in 2021. The Bahrain-based Al Baraka Banking Group is the major shareholder of alBaraka Bank Egypt, with a 73.7% stake.