Saudi Arabia's Top 10 Valuable Banks in 2023

The global banking sector has experienced a difficult year, with the failure of Silicon Valley Bank sparking concerns about a potential contagion effect. Despite this, banks in the MENA region have not been affected thus far, due to factors such as strong liquidity buffers, stable customer deposits at low costs, and minimal exposure to failed American banks.

The list of Forbes Middle East's 50 Most Valuable Banks includes banks from 10 different markets with a combined market value of $548.1 billion as of February 28, 2023. The list is dominated by GCC banks, representing 82% of the list with 41 entries, while Saudi Arabia and the U.A.E. have the highest number of entries with 10 banks each. The total market value of Saudi Arabia's top 10 banks is $223.5 billion, while the U.A.E.'s 10 banks are worth $121.2 billion.

Here are Saudi Arabia's Top 10 Valuable Banks in 2023

1. Al Rajhi Bank

2. Saudi National Bank (SNB)

3. Riyad Bank

4. Saudi British Bank (SABB)

5. Alinma Bank

6. Banque Saudi Fransi (BSF)

7. Bank Albilad

8. Arab National Bank (ANB)

9. Saudi Investment Bank (SAIB)

10. Bank AlJazira (BAJ)