THE MIDDLE EAST’S
5. QNB Group
Country: Qatar
Group CEO : Abdulla Mubarak Al-Khalifa
Market value: $38 billion
With a presence in more than 28 countries across Asia, Africa, and Europe, the QNB Group serves more than 30 million customers through a network of nearly 1,000 branches. In October 2023, the group launched QNB Payment Gateway in Qatar to provide local merchants with digital payment solutions. The group’s total assets hit $338.2 billion as of December 2023, with a net profit of $4.3 billion, an increase of 8.4% compared to 2022. Qatar Investment Authority owns 51.84% of the bank.