THE MIDDLE EAST’S

24. Bank AlJazira
Country: Saudi Arabia
CEO & Managing Director: Naif Al Abdulkareem
Market Value: $5.15 billion
In June 2024, Bank AlJazira acquired Solidarity Group Holding's 7.05% stake in AlJazira Takaful Taawuni Company for $20.3 million. As of December 2024, Bank AlJazira provided Shariah-compliant banking services across 73 branches and 38 Fawri remittance centers in Saudi Arabia. In January 2025, it issued a $266.7 million SAR-denominated additional tier 1 Sukuk as part of its $1.3 billion additional tier 1 capital Sukuk issuance program. The bank’s net profit grew by 20.7% in 2024 to $328.3 million.