Safest Bank: Samba Financial Group (No. 41)
Samba is the only Saudi banking group to make Global Finance’s list of Top 50 safest banks.
It is listed on the Saudi Stock Exchange and is one of the largest listed financial services companies in the kingdom. In addition to operations in Saudi Arabia, the bank has maintained a branch in the U.K. and has recently established a presence in United Arab Emirates, Pakistan and Qatar.
At the end of 2011, Samba had assets of $51.3 billion and reported net income of $1.1 billion.
*Islamic banks specifically cater their business to adhere to Islamic laws.