The Largest Gulf Banks in Terms of Market Value.. “Saudi National Bank” is in the Lead

  • GCC Countries
  • 26 June 2024
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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)

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