Saudi Arabia hosts 8 of world’s safest banks; UAE holds 2

Eight Saudi Arabia-based banks and two in the United Arab Emirates made it to The Banker’s list of the world’s safest banks.

Three of the kingdom's banks made it to the magazine's top 10 list.

The Banker, which evaluates and analyzes the performance of financial services providers, named Samba Financial Group— Saudi Arabia's third-largest bank—as the world’s second safest, and the first in the Middle East.

National Commercial Bank (NCB), the kingdom’s largest bank by assets, came in sixth place globally.

Saudi British Bank, or SABB, followed in seventh place.

As far as the Middle East is concerned, the list also included Riyad Bank, Al Rajhi, National Bank of Abu Dhabi, and the UAE’s Mashreq Bank.