THE MIDDLE EAST’S

17. Riyad Bank

Country: Saudi Arabia
Sector: Banks & Financial Services
President and CEO: Nadir Al-Koraya
Market Value: $22.2 billion
Sales: $6.8 billion
Profits: $2.1 billion
Assets: $103.2 billion

Riyad Bank operates 335 branches in Saudi Arabia, one branch in the U.K., an agency in the U.S., and a representative office in Singapore. In May 2023, Riyad Bank signed an agreement with NEOM to finance the $800 million Sindalah Island development project. In July 2023, the bank launched a $1 billion credit portfolio to finance organizations working in the communications and IT sectors.