Two UAE Banks Amongst Forbes Top 5 Banks in the Middle East

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Two UAE Banks Amongst Forbes Top 5 Banks in the Middle East
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Forbes Middle East has unveiled its ranking of the Middle East’s Top 30 Banks 2022 as Qatar’s QNB Group topped the list with $300.3 billion in total assets.

The UAE’s First Abu Dhabi Bank, Saudi’s Al Rajhi Bank, and Saudi National Bank were all in the second place while Emirates NBD was in the top five.

The top five amassed $16.8 billion in 2021 profits, constituting 49% of the aggregate profits of the 30 banks on the list.

Forbes Middle East compiled data from listed stock exchanges in the Arab world and ranked companies based on sales, profits, assets, and market value.