The Banking Executive Magazine - July Issue 2021

SNB SNB RANKED THIRD AMONG THE TOP 100 COMPANIES IN THE MIDDLE EAST BY FORBES Based on its financial position and leadership in sales, profits, assets and market value, SNB, the largest finan- cial institution in the Kingdom, was ranked among the annual Forbes list of Top 100 Companies in the Middle East for the year 2021. SNB ranked third region-wide, and second King- dom-wide (after Saudi Aramco which came first on the list), in con- firmation of the Bank’s financial strength at the national, regional and international levels. Forbes bases its annual list of Top 100 publically listed companies in the Middle East, based on a series of criteria and indicators related to sales, profits, assets and market value to determine the most profitable and valuable firms in the region. Forbes’ ranking of the bank among the list of the largest and most profitable companies in terms of many metrics including asset size and quality, solvency, and profitabil- ity, demonstrates the strength of SNB’s financial position in the King- dom’s banking industry, as well as re- gionally and internationally. With a total market value of the top 100 companies in the Middle East reach- ing approximately USD 3 trillion, the banking and financial services sector was well represented on the list with 42 banks, and 37 of the ranked com- panies were Saudi. Following is successful merger with Samba Financial Group, SNB re- cently revealed its new logo and identity under the slogan "Let’s Shape Tomorrow". the BANKING EXECUTIVE 36 ISSUE 151 JULY 2021