SNB ranked 3rd among Top 100 Companies in the Middle East by Forbes

Logo of Saudi National Bank (SNB) 

Saudi National Bank (SNB) said it was ranked among the annual Forbes list of Top 100 Companies in the Middle East for the year 2021. SNB ranked third region-wide, and second Kingdom-wide after Saudi Aramco, which came first on the list. 

Forbes bases its annual list of Top 100 publically-listed companies in the Middle East, based on a series of criteria and indicators related to sales, profits, assets and market value to determine the most profitable and valuable firms in the region. 

Forbes’ ranking of the bank among the list of the largest and most profitable companies in terms of many metrics including asset size and quality, solvency, and profitability, demonstrates the strength of SNB’s financial position in the Kingdom’s banking industry, as well as regionally and internationally.  

The banking and financial services sector was well represented on the list with 42 out of 100 banks. While the total market value of the top 100 companies in the Middle East reached approximately $3 trillion, 37 of the ranked companies were Saudi.