SR.No: 66
Ahlibank
Sector: Banks & Financial Services
Date of Establishment: 1983
Country: Qatar
CEO: Hassan Ahmed AlEfrangi
Sales: $560 million
Profits: $187 million
Assets: $13.1 billion
Market Value: $2.5 billion
Ahlibank is the seventh-largest conventional bank in Qatar in terms of assets as of 2021, and is 47.7% owned by the Qatar Investment Authority. The bank operates a network of 14 branches throughout Qatar. In 2020, the bank issued the fourth tranche of its EMTN bond for $500 million to the international debt capital market. It also announced a five-year strategic partnership with Visa. Hassan Ahmed AlEfrangi became CEO in 2020. He previously served as Group CEO of Qatar General Insurance & Reinsurance Co.