October 2026
Largest Public Companies in Bahrain
Benchmark revenue and EBITDA valuation multiples for public comps like
National Bank of Bahrain, Aluminium Bahrain, Bank of Bahrain and Kuwait, Beyon and Al Salam Bank.
 | 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 | - | ||
| Aluminium Bahrain is a large integrated aluminium smelter producing primary metal and value-added aluminium products. It serves B2B customers, users, public bodies, or counterparties through the operating assets and capabilities described in the transaction sources. Its principal economics are Product sales, while its competitive position depends on sector expertise, asset quality, execution, customer relationships, and access to long-duration capital. The organization was founded in 1968. At the transaction date it operated in Metals & Mining, Diversified Industrials and represented a distinct legal or operating business rather than a fund commitment or isolated physical asset. This profile identifies the business at the transaction date and preserves its historical identity where later mergers, listings, disposals, or reorganizations changed its name or ownership. | $2 | -28% | $3B | $3.1B | 0.6x | 2.9x | ||
| 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 | - | ||
| Beyon BSC is active in the telecom industry. It provides public telecoms, associated products, information, and entertainment within and outside the Kingdom of Bahrain. | $1 | -8% | $2B | $2.8B | 2.1x | 5.5x | ||
| 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 | - | ||
| Gulf Hotels Group BSC is engaged in providing hospitality services. The company operates a diversified portfolio of hospitality and related businesses, including hotels and resorts, branded residences, food and beverage concepts, and specialized hospitality support services. The company has three segments: i) Hotel room operations including Hotel rooms and rental and executive apartments and offices, ii) Food and beverages segment including retail sale of food and beverages and convention operations, and iii) Investments and other activities segment. The majority of the revenue is generated from its Food and beverages segment. Geographically, the company's maximum revenue is generated from the Kingdom of Bahrain and the rest from the United Arab Emirates and Sri Lanka. | $1 | -8% | $220M | $185M | 1.9x | 4.9x | ||
| 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 | - | ||
| Arab Insurance Group BSC is an international insurance company. The company is involved in the provision of general (non-life) and life reinsurance and related service activities. Its Non-Life business consists of property; engineering; marine; accident; whole account and others. Life business mainly involves short-term and long-term policies. The company derives a majority of its revenue from the non-life segment. | $1 | 0% | $186M | $174M | 17.7x | 40.2x | ||
| 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 | - | ||
| Bahrain National Holding Co BSC is engaged in the provision of insurance and investment activities. It operates five business segments: Motor Insurance segment, Property and General segment, Medical Insurance segment, Life Assurance segment and Corporate segment. Motor Insurance segment comprises motor comprehensive insurance covers, third-party insurance covers, and other services related to the motor. Property and General segment comprise property, general accidents, and aviation. Life assurance segment includes group life, group credit life, level team assurance, and saving scheme plans. The majority of the revenue comes from Property and General segment. The company generates the majority of its revenue from Bahrain. | $1 | -3% | $153M | $86M | 1.0x | - | ||
| Zain Bahrain BSC provides telecommunication and related products and services mainly in the Kingdom of Bahrain. Its business involves three main activities: mobile operation, fixed broadband operation, and trading of handsets and accessories. The company offers: 4G LTE and 5G services through its mobile network, broadband services, ICT and digital lifestyle communications services, and trades in mobile phones, earphones, and other electronic accessories through its e-commerce website. The majority of its revenue is generated from the provision of airtime, data, subscription, and other related services. Geographically, the company operates in Kuwait, Bahrain, Iraq, Jordan, Saudi Arabia, Sudan, and South Sudan. | $0 | 0% | $115M | $173M | 0.8x | 2.8x | ||
| Bahrain Cinema Co BSC is an entertainment group with operations spanning the GCC. Its core business activities comprise operating cinemas, restaurants, indoor entertainment centres, and real estate investment. The group's reportable segments are: Theatre operations, which generate maximum revenue; Restaurants and concession counters; and Rental and others, which include corporate office assets and vehicles. | $1 | -2% | $41M | $59M | 6.4x | 21.1x | ||
| Median | $1 | -5% | $563M | $551M | 1.9x | 5.2x |
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