The Saudi National Bank topped the list of the most valuable conventional Gulf banks with about $56 billion, followed by First Abu Dhabi with $ 36 billion.
Qatar National Bank (QNB) had a market capitalization of about $36 billion, followed by Emirates NBD with $28 billion, and NBK with $23 billion.
The ratios differ between conventional and Islamic banks, as Islamic banks trade at a higher book value multiplier, while conventional banks trade at lower VAT ratios.
Source (Al-Arabiya.net Website, Edited)
