29. Suez Canal Bank
Sector: Banking and financial services
Chairman and Managing Director: Hussein Refaie
Market Value: $117 million
Sales: $233 million
Profits: $34 million
Assets: $2.4 billion
Established in 1978, Suez Canal Bank provides retail, corporate and investment banking services through 49 branches across Egypt. It employs 1,442 people. The bank’s net profit increased by 72% to $34 million in 2022. The Arab International Bank owns 41.5% of the bank, the Libyan Foreign Bank holds 27.7%, and the Suez Canal Authority (Pension Fund) owns 10%.