Al Rajhi and Saudi National Bank landed in the two top spots on Forbes’ 30Most Valuable Banks in the Middle East list. Ten Saudi banks in total were included on the list, with the banks holding a collective market value of USD 269 bn, making up one third of the total market capitalization of USD 600.8 bn, according to the Forbes’ 30 Most Valuable Banks 2025 report.

AMONG THE TOP TEN-

#1- Alrajhi Bank maintained its top position with a market value of USD 105.6 bn in 2025, serving 18.5 mn customers through 550 branches across Saudi Arabia, Jordan, Kuwait, and Malaysia.

#2- Saudi National Bank followed with a market value of USD 54.7 bn and total assets of USD 294.4 bn. The bank serves 14.4 mn customers through 481 branches, 21 retail service centers, and 93 QuickPay remittance centers across Saudi Arabia, Bahrain, the UAE, Qatar, Turkey, and Pakistan.

#9- Riyad Bank came in ninth with a market value of USD 23.4 bn, while total assets rose 16.4% y-o-y to USD 120.1 bn in FY2024. Riyad Bank operates 333 branches in Saudi Arabia, along with international offices in London, an agency in Houston, and a representative office

#10- Alinma Bank secured the tenth overall spot with a market value of USD 19.9 bn, serving 5.5 mn customers across Saudi Arabia as of December 2024.

ALSO IN THE RANKING- Saudi Awwal Bank, Bank Albilad, Arab National Bank, Banque Saudi Fransi, Bank Aljazira, and the Saudi Investment Bank were also listed among the top 30.

The Public Investment Fund (PIF) landed the IFR’s Middle East Bond Award in the Emerging Markets category, recognizing its maiden GBP-denominated bond issuance of GBP 650 mn, according to a statement.

ALSO- Saudi Aramco received the Middle East Equity Issue award from the IFR for its secondary share offering of SAR 46.3 bn, the Middle East’s largest secondary equity sale, according to a separate statement. Despite geopolitical pressures, strong demand led to a tight 6% discount, with shares holding above the issue price.

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