Rank: 13
Banque Saudi Fransi
Date of Establishment: 1977
Country: Saudi Arabia
CEO and Managing Director: Rayan Mohammed Fayez
Sales: $2.3 billion
Profits: $412 million
Assets: $51.7 billion
Market Value: $12 billion
Banque Saudi Fransi was previously known as the French Banque de l’Indochine et de Suez, until 1977 when foreign banks in Saudi Arabia were nationalized. The bank has 84 branches and more than 3,000 employees. In 2020, it signed an agreement with Baud Telecom Co. to launch an electronic signature service. In 2021, it became the mandated lead arranger and key financier in the Red Sea Development Company. Rayan Mohammed Fayez was appointed Managing Director and CEO of Banque Saudi Fransi in 2018.