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24. Al Baraka Bank Egypt
Sector: Banking and financial services
CEO and Vice Chairman: Hazem Hegazy
Market Value: $173 million
Sales: $268 million
Profits: $46 million
Assets: $2.1 billion
Al Baraka Bank has been operating in Egypt for over 44 years, with a network of 36 branches and 1,282 people. The Bahrain-based Al Baraka Banking Group is the major shareholder of Al Baraka Bank Egypt, with a 73.68% stake. In 2023, the bank’s net profit grew by 26.8% to $46 million. In December 2023, the bank signed a $50 million Murabaha finance agreement with IFC to finance and support small and medium-sized enterprises in Egypt.