THE MIDDLE EAST’S
![](https://forbesme-prestaging-media.s3.us-east-2.amazonaws.com/lists/uploads/2024/06/06091656/16-National-Bank-of-Kuwait-NBK.jpg)
16. National Bank of Kuwait (NBK)
Country: Kuwait
Sector: Banks & Financial Services
Vice Chairman and Group CEO: Isam Jasem Al-Sager
Market Value: $23.3 billion
Sales: $7.5 billion
Profits: $1.9 billion
Assets: $122.4 billion
Established in 1952, NBK has 144 branches across 13 countries. The bank recorded $2.5 billion in sustainable assets in 2023, which it has pledged to raise to $10 billion by 2030. In December 2023, NBK, as part of a consortium of four banks, inked a $1.16 billion financing deal with Shomoul Holding Company to fund Phase 1 of the Avenues Khobar project. NBK also owns 59.9% of Boubyan Bank.