Doha, June 16 (QNA) - QNB Group, the largest financial institution in the Middle East and Africa, topped the ranking of the Forbess Top 50 Banks in the Middle East list featuring the regions banking giants that help drive the regions economies.
QNB Group hit first place with sales of $13.5 billion sales and profits totaling $3.3 billion.
As of June 6, 2021, the banks featured on Forbes Middle Easts list of the "Top 50 Banks in The Middle East" had a total value of $513.6 billion and assets worth $2.5 trillion. To construct the list revealed today, Forbes gathered data from listed stock exchanges in the Arab world and ranked companies based on sales, profits, assets, and market value.
QNB was recently named the second most valuable company in the Middle East by Forbes in the list for the "2021 Forbes List of Top 100 Companies in the Arab World." Forbes Middle East extends the Forbes Brand of journalism across the Arab World. It sets the pace for preemptive business journalism, by uncovering trends and anticipating business opportunities; and publishes original lists that adhere to methodologies set by Forbes Media.
QNB Groups presence through its subsidiaries and associate companies extends to more than 31 countries across three continents providing a comprehensive range of advanced products and services. The total number of employees is more than 27,000 operating through 1,000 locations, with an ATM network of more than 4,400 machines. (QNA)