Fortune magazine, known for financial and business topics, included Capital Bank Group in its list of the top 500 Arab companies for 2023 based on annual revenues.

Fortune 500 Arabia rankings rely on criteria such as total revenues and employee count. This involves thorough research of financial stock markets in 22 countries and analyzing financial data from companies. They ensure alignment with independent financial data from "S&P Capital IQ" by Standard & Poor's.

Capital Bank Group's Acting CEO, Samer Al-Aloul, commented, saying, "We're proud of this achievement, showcasing our strength and stability despite economic challenges. It reflects our strong position in the local and regional banking sector, emphasizing our commitment to staying current in the industry."

Al-Aloul added, "We strive for innovation, catering to evolving customer needs. Our continuous investment in infrastructure and modern technologies ensures better service delivery. We're committed to sustained growth, adding value for customers, shareholders, and employees."

In 2022, Capital Bank Group strategically expanded locally and regionally by opening a branch for the National Bank of Iraq in Saudi Arabia to enhance trade between the two countries.

Moreover, Capital Bank acquired 100% of Société Générale Bank - Jordan and took over Bank Audi's operations and branches in Jordan and Iraq.

The group's growth attracted the Saudi Public Investment Fund, investing about 23.97% of the group's capital, valued at around 695 million Saudi Riyals (185.3 million USD) in 2022.