SR.No: 21
Arab National Bank (ANB)
Sector: Banks & Financial Services
Date of Establishment: 1979
Country: Saudi Arabia
CEO and Managing Director: Obaid A. Alrasheed
Sales: $2.1 billion
Profits: $552 million
Assets: $48.1 billion
Market Value: $9.1 billion
ANB has more than two million customers and 279 premises across Saudi Arabia. It has investment banking and insurance divisions, called ANB Invest, and ANB Insurance, respectively. ANB’s net profit decreased by 31.5% in 2020 compared to 2019. In February 2021, Obaid Al-Rasheed was appointed CEO of ANB. He had previously been the executive vice president for private banking and retail banking at ANB since 2011, with more than 30 years of banking experience.