October 2026
Largest Commercial Banking Public Companies in Bahrain
Benchmark revenue and EBITDA valuation multiples for public comps like
National Bank of Bahrain, Bank of Bahrain and Kuwait, Al Salam Bank, GFH Bank and Bank ABC.
 | National Bank of Bahrain BSC is a commercial banking service provider in Bahrain. The company's operating segments include Retail Banking, Corporate & Commercial Banking, Overseas Branches and Market & Client Solutions. The consumer banking and business banking related SBUs in Bahrain provide various banking products and services to the Group's customers. The SBUs are differentiated based on their respective customer segments. Retail Banking caters to individuals and non-borrowing SMEs, while Corporate & Commercial Banking caters to governments, corporates, commercial enterprises and borrowing SMEs. | $1 | +4% | $3.1B | $3.1B | 5.8x | - | ||
| Bank of Bahrain and Kuwait BSC is a public shareholding company engaged in providing commercial banking and wealth management services. The various products and services offered by the company include different types of deposit accounts, loans and advances, insurance and investment products, online banking, telebanking services, trade finance, and others. It also engages in credit card operations and business process outsourcing services through its subsidiaries. The company's operating segment includes Retail banking; Corporate banking; International banking and Investment, treasury, and other activities. It generates maximum revenue from the Investment, treasury, and other activities segment. Geographically, it derives key revenue from Bahrain and also has a presence in other markets. | $1 | +9% | $2.7B | $2.7B | 6.2x | - | ||
| Al Salam Bank BSC is a banking corporation operating in Bahrain. It provides various Islamic banking products and services in the Kingdom of Bahrain. The company offers money market, trading, and treasury services, including short-term commodities, managing portfolios, and serving clients with a range of investment products, funds, and alternative investments. Besides, it also manages the un-deployed capital of the company by investing it in high-quality financial instruments. The company's reportable segments namely Banking, Treasury, Takaful and Investments. It generates maximum revenue from the Banking segment. | $1 | +5% | $1.8B | $1.8B | 1.7x | - | ||
| GFH Bank is GFH Financial Group, formerly Gulf Finance House, a listed Islamic investment bank headquartered at Bahrain Financial Harbour in Manama. It was established in Bahrain in 1999 under a licence from the Central Bank of Bahrain, listed global depositary receipts on the London Stock Exchange in 2007, and trades on the Bahrain Bourse and the Dubai Financial Market; it converted into a financial group and adopted the GFH Financial Group name in November 2014. Its business lines are wealth management, commercial banking, asset management and real estate investment and development, with asset management split between corporate investment and real estate investment. Commercial banking has been carried out through Khaleeji Commercial Bank, and its real estate projects have included Bahrain Financial Harbour, Energy City Qatar and Royal Ranches Marrakech. Through Dubai-based subsidiary GFH Capital it bought English football club Leeds United from Ken Bates in December 2012, sold a 75% stake to Massimo Cellino's family in 2014 and sold its remaining shares in May 2017. In 2022 it expanded in the United States by acquiring a majority stake in SQ Asset Management. Hisham Alrayes is chief executive. | $0 | -21% | $1.6B | $1.6B | 3.7x | - | ||
| Arab Banking Corp (BSC) is an international bank registered in the Kingdom of Bahrain. It acts as a provider of trade finance, treasury, project & structured finance, syndications, corporate and institutional banking as well as Islamic banking services. It operates its business across the globe, covering countries in the Middle East, North Africa, Europe, the Americas, and Asia. The group is organized into five operating segments: MENA subsidiaries, International wholesale banking, Group treasury, ABC Brasil, and Others. It generates the majority of its revenue from ABC Brasil. The company operates in Bahrain, Europe, Brasil, and Other, with the majority of revenue from Brasil. | $0 | -16% | $907M | $907M | 0.6x | - | ||
| Khaleeji Bank BSC is engaged in retail and corporate banking, consumer finance, wealth management, structured investment products and project financing facilities. Its business segments include; Banking segment and Investment segment. Banking segment covers licensed activities of providing customer services such as accepting Mudharaba deposits, savings account and current account facilities, fund transfer facilities, bill payment facilities. Investments segment includes relates to conceptualising of investment deals and performing roles of an arranger, manager, and administrator of the funds. | $0 | -13% | $196M | $196M | 2.0x | - | ||
| Bahrain Islamic Bank BSC provides banking services with operations across the Kingdom of Bahrain in accordance with the teachings of the Sharia law. The bank operates through the Corporate, Retail, and Investment segments. Through these segments, it handles equity of corporate investment account holders, corporate current accounts, provision of Islamic financing facilities, equity of individual retail customers' investment account holders, equity of banks and financial institutions' investment account holders, trading, treasury services, and provision of the money market, etc. The company currently generates maximum revenue from its Investment segment. | $0 | -17% | $186M | $186M | 1.2x | - | ||
| Median | $0 | -13% | $1.6B | $1.6B | 2.0x | - |
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