The rating was based on market value, sales, total assets and net profit for 2021, with QNB registering total assets of $300.2bn, and net profit of $3.6bn.
“This achievement is a recognition of the Group’s outstanding performance and its continuous effort to provide its customers with the best banking products and services with a seamless experience,” QNB said Saturday.
Forbes announces its list of "Top 100 Companies in the Middle East" annually, highlighting the largest, most valuable and profitable companies in the region, including companies operating in the banking and financial sector, energy, industry, petrochemicals, telecommunications and others.
QNB Group, currently ranked as the most valuable bank brand in the Middle East and Africa, is the Official Middle East and Africa Supporter of the FIFA World Cup 2022.
Through its subsidiaries and associate companies, the Group extends to more than 30 countries across three continents, providing a comprehensive range of advanced products and services.
The total number of employees is 27,000 operating through 1,000 locations, with an ATM network of more than 4,700 machines.