Awards for Excellence 2009: Saudi Arabia

Saudi Arabia is home to Al Rajhi, the Middle East’s biggest bank by market value.

Global Awards for Excellence
Middle Eastern Regional Awards of Excellence
Bahrain Egypt Iran
Jordan Kuwait Lebanon
Oman Qatar Saudi Arabia
UAE

Best Bank: Al Rajhi
Best Investment Bank: HSBC Saudi Arabia

Saudi Arabia is home to Al Rajhi, the Middle East’s biggest bank by market value.

Jeddah-based National Commercial Bank, which is unlisted and in line for privatization, has the largest share of Saudi banking assets. This year, however, the state-owned lender’s profits fell by about two-thirds. Al Rajhi’s Riyadh-based rival Samba similarly saw profits fall 7.7% last year.

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