THE MIDDLE EAST’S
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18. arab national bank (anb)
Country: Saudi Arabia
Managing Director & CEO: Obaid Alrasheed
Market Value: $11.4 billion
Established in 1979, anb has 122 branches in Saudi Arabia, 58 remittance centers, and one branch in the U.K. In May 2024, the Saudi Real Estate Refinance Company extended its refinancing agreement with anb with an additional $133.3 million. The bank’s net profit grew by 22% in 2024 to $1.3 billion. Jordan’s Arab Bank owns a 40% stake in anb, as of February 19, 2025.