Arab National Bank

The ANB is a significant Saudi Arabian bank with headquarters in Riyadh that is traded on the Saudi Stock Exchange. It has an "A" rating from Standard and Poor's and is one of the ten biggest banks in the Middle East. In Saudi Arabia, it has 156 locations. With 40% of the fund, Arab Bank is its largest shareholder. Prince Khalid, the son of Prince Turki bin Abdulaziz, is one of the group's founders.

Early on, the governments of Kuwait and Saudi Arabia each acquired modest shares in ANB, totaling around 10%. Despite this and having a pan-Arab orientation, ANB was nevertheless subject to the restriction on foreign ownership. It gave its six branches to the recently established ANB in 1980.

The market capitalization of Arab National Bank as of April 2023 was $10.80 billion. By market capitalization, Arab National Bank is now the 1384th most valuable company in the world. The most recent financial reports from Arab National Bank show that the company's current revenue (TTM) is $1.82 billion. The company generated $1.53 billion in revenue in 2021, a decline from $1.55 billion in revenue in 2020.

Founded: 1979
Headquarters: Riyadh, Saudi Arabia
Website: www.anb.com.sa