RIYADH: With ten entries with a total market worth of $269 billion, Saudi Arabia topped Forbes’ list of the “30 Most Valuable Banks 2025.” According to the business-oriented media outlet, the Kingdom’s financial institutions account for about one-third of the listed banks’ $600.8 billion market value.
Following with seven $153.4 billion facilities, the UAE and Qatar each supplied six banks with a combined value of $76.7 billion. With market values of $23.7 billion and $68.4 billion, respectively, Morocco and Kuwait had the third and second-ranked banks on the list.
Due to economic diversification, good financial circumstances, and a predicted 3.5 percent economic expansion driven by infrastructure projects and expanding non-oil activity, the Middle East and North African banking industry is expected to grow strongly in 2025.
This year’s list features banks from seven countries, with 26 entries being Gulf-based,” Forbes stated in a statement revealing its most recent rankings. With ten entries and a total market value of $269 billion, Saudi Arabia accounts for one-third of the list.
According to the media company, the 30 banks’ combined market value grew by 3.4 percent annually, from $581.1 billion in February 2024 to $600.8 billion on January 31, 2025.
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