541 billion dollars, the market value of the Gulf banks .....


The shares of the listed Gulf banks made wide leaps in their market values ​​during the current year until the end of August, amid positive performance of the Gulf markets that received support after an accelerated return to normal life, in addition to the continuous support of governments to mitigate the economic damage caused by the pandemic, as well as the rise in oil prices. .
According to the analysis of the reports unit in Al-Eqtisadiah newspaper based on Gulf market data, the market values ​​of the listed Gulf banks increased by 27.4 percent from the beginning of this year until the end of August, to reach $541 billion, compared to $424.5 billion at the end of last year.
With the recovery of the economies of the Gulf states, the lending activity of banks witnessed an acceleration in growth, accompanied by a growth in deposits that reached a record level of two trillion dollars, led by banks in Saudi Arabia, according to data for “Reuters”.
The ten banks in Saudi Arabia topped the largest increase in market values ​​during the period, after recording a growth of 44.1 percent, to reach 243.92 billion dollars, compared to 169.2 billion dollars at the end of last year.
Secondly, the shares of Kuwaiti banks, which grew 24.3 percent to reach $57.7 billion, while the market values ​​of the UAE banks increased by 18.6 percent, while the banks in Qatar were the least in terms of the growth of market values ​​by about 9.2 percent.
Banks in Saudi Arabia are the highest in terms of market values ​​compared to the listed Gulf banks, as they constitute 45.1 percent of the total market values, then UAE banks with a share of 23.7 percent and a market value of $128.3 billion, while Qatari banks constitute 16.3 percent of the total with about 88.3 billion. dollar.
Regarding the performance of individual banks, Al-Rajhi Bank topped the gains among the 60 Gulf banks included in the analysis, with the exception of listed foreign banks, as its market value increased by 64 percent since the beginning of the year until the end of August, bringing the bank’s value to $80.6 billion.
The bank achieved a growth in its profits during the first half by 44 percent to 6.94 billion riyals, while deposits with the bank increased by 33.7 percent to 447.5 billion riyals, which constitutes 22 percent of Saudi bank deposits and 6 percent of the total deposits in Gulf banks.
In second place, Saudi Albilad Bank came with a 51 percent increase in its market value, followed by Kuwait’s Boubyan Bank with a 45 percent increase in its market value.
In fourth place, Alinma Bank came with 42 percent gains, then Al-Ahly Bank, which has the largest capital among Gulf banks, after its market value rose 40 percent during the period to reach 272.3 billion riyals.
Economic Reporting Unit





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I have been an independent financial adviser for over 11 years in the city and in recent years turned my experience in finance and passion for journalism into a full time role. I perform analysis of Companies and publicize valuable information for shareholder community. Address: 2077 Sharon Lane Mishawaka, IN 46544, USA Phone: (+1) 574-255-1083 Email: [email protected]