May 2026
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Largest Commercial Banking Public Companies in Saudi Arabia
Benchmark revenue and EBITDA valuation multiples for public comps like
Al Rajhi Bank, Saudi National Bank, Riyad Bank, Alinma Bank and Saudi Awwal Bank.
 | Al Rajhi Bank is an Islamic bank with a network of over 500 branches. Its segments include the Retail segment which includes accepting individual customer deposits, providing credit facilities, customer debit current accounts, fees from banking services, and remittance business; the Corporate segment which incorporates deposits of VIP, corporate customer deposits, credit facilities, and debit current accounts, Treasury segment through which it offers treasury services, Murabaha with SAMA and international Mutajara portfolio; and Investment services and brokerage and other that incorporates investments of individuals and corporate in mutual funds, local and international share trading services and investment portfolios. | $18 | -29% | $107B | $129B | 12.3x | - | ||
| Saudi National Bank is a financial institution in Saudi Arabia. It provides a range of banking and investment management services. The company also provides non-special commission based banking products in compliance with Shariah rules. It has four reportable segments: Retail, Wholesale, Capital Market, and International. The majority of the company's revenue is derived from the Wholesale segment, which provides banking services including all conventional credit-related products as well as financing products to small sized businesses, medium and large establishments and companies. Geographically, it has a presence in the Kingdom of Saudi Arabia, GCC and Middle East, Europe, Turkey, North America and Other countries. | $10 | +9% | $62B | $100B | 9.2x | - | ||
| Riyad Bank is a financial institution in Saudi Arabia. The company provides a full range of banking and investment services. It also provides its customers with nonconventional banking products which are approved and supervised by an independent Shariah Board established by the Bank. The company operates in four business segments: i) Retail Banking, ii) Investment banking and brokerage, iii) Corporate banking, and iv) Treasury and Investments. The majority of the company's revenue is derived from the Corporate banking segment, which principally handles corporate customers' current accounts, deposits and provides loans, overdrafts and other credit facilities and includes small to medium sized businesses. | $5 | -29% | $22B | $35B | 7.2x | - | ||
| Alinma Bank provides banking and investment services. The company's reportable segments are: i) Retail Banking: Financing, deposit and other products/services for individuals. ii) Corporate Banking: Financing, deposit and other products and services for corporate, SME and institutional customers. iii) Treasury: Murabahas with banks, investments and treasury services. iv) Investment and brokerage: Asset Management, custodianship, advisory, underwriting and brokerage services. The majority of the company's revenue is generated from the Corporate Banking segment. Geographically, it has a presence in the Kingdom of Saudi Arabia, Europe, Other GCC and Middle East countries, and Other countries. | $6 | -10% | $19B | $54B | 17.1x | - | ||
| Saudi British Bank operates as a commercial bank through a network of branches in the Kingdom of Saudi Arabia. It provides integrated banking products and services to both retail and corporate sectors. The company's banking services include Personal, Commercial, Corporate, Private, and Islamic Banking, Investment, Treasury and Trade Services, and Credit and ATM Cards. It operates in five business segments: Wealth and Personal Banking, Corporate and Institutional Banking, Treasury, Capital Markets and Others. The majority of the company's revenue is derived from the Corporate and Institutional Banking segment, which offers core banking, liquidity management, trade-finance and treasury services. | $9 | +1% | $19B | $21B | 5.2x | - | ||
| Banque Saudi Fransi is a full-service Bank that includes Islamic products, which are approved and supervised by an independent Shariah Board. It offers a comprehensive suite of financial solutions in corporate and retail banking, as well as investment banking, asset management, investment funds, and brokerage services. The company's reportable segments are: Retail Banking, Corporate Banking, Treasury, Investment banking and brokerage. The majority of the company's revenue is derived from the Corporate Banking segment. Geographically, it has a presence in Saudi Arabia, the Middle East, Europe, North America and Other Countries. | $5 | +7% | $13B | $23B | 8.1x | - | ||
| Arab National Bank is a commercial banking service provider based in Saudi Arabia. It offers comprehensive banking solutions including business banking, retail banking, investment products, and other banking services to customers across Saudi Arabia. The company's operating segments are: i) Retail Banking, ii) Corporate Banking, iii) Treasury segment, iv) Investment and brokerage services and iv) Other. The majority of the company's revenue is derived from the Corporate Banking segment, which includes providing Loans and advances, deposits and other credit products for corporate and institutional customers, small to medium sized businesses. Geographically, it operates in Saudi Arabia, Other GCC & Middle East, Europe, North America, Latin America, South East Asia and Other Countries. | $6 | -3% | $11B | $11B | 4.3x | - | ||
| Bank Albilad is a banking corporation conducting business mainly in the Kingdom of Saudi Arabia. It is divided into four operating segments: Retail banking provides services and products to individuals, including deposits, financing, remittances, and currency exchange, Corporate banking provides services and products to corporate customers including deposits, financing, and trade services, Treasury provides money market and treasury services and Investment banking and brokerage provides investment management services and asset management activities related to dealing, managing, arranging, advising and custody of securities. Key revenue is generated from the Retail banking segment. | $7 | -7% | $10B | $11B | 6.4x | - | ||
| Saudi Investment Bank provides wholesale, retail, and commercial banking products and services throughout the Kingdom of Saudi Arabia. It operates through retail banking, corporate banking, treasury and investments, asset management and brokerage and other segments. Business activity of the bank includes offering loans and other credit products for individuals, corporate and small to medium-sized businesses. The company's reportable segments are Retail banking, Corporate banking, Treasury and Investments, Asset management and brokerage and Others. In addition, it also provides a money market, investments, and other treasury services. | $4 | -6% | $5B | $4B | 3.4x | - | ||
| Bank AlJazira provides banking services. The company's main operating segments are: i) Personal banking: Deposit, credit and investment products for individuals. ii) Corporate banking: Financing, deposits and other credit products for corporate, small to medium sized business and institutional customers. iii) Treasury: Treasury includes money market, foreign exchange, trading and treasury services. iv) Brokerage and asset management: It provides shares brokerage and asset management services to customers. The majority of the company's revenue is derived from the Corporate banking segment. Geographically, it has a presence in the Kingdom of Saudi Arabia, GCC and Middle East, Europe, North America, South East Asia and Other countries. | $3 | -10% | $4B | $4B | 3.7x | - | ||
| Median | $6 | -6% | $16B | $22B | 6.8x | - |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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