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Bank Name [1] Bank name (in Arabic) Headquarters Stock code (if applicable) [2] [3] Abu Dhabi Commercial Bank: بنك أبوظبي التجاري: Abu Dhabi: ADX: ADCB: Abu Dhabi Islamic Bank
ADCB is the third-largest bank in the UAE in terms of balance sheet size and offers a range of commercial and retail banking services to its customers. As of 30 September 2018, it employs over 5000 people serving retail and corporate clients. Aside from 56 branches in the UAE, it had 1 branch in Jersey until October 2020. [2]
Al Hilal Bank was acquired by ADCB Group in 2019. [2] With issued capital of AED 4 billion and paid-up capital of AED 3.5 billion, the Bank had credit ratings of A+ and A2 by Fitch and Moody’s respectively. The Bank has 14 retail branches across the UAE and previously had 3 branches in Kazakhstan which now operate under the ADCB Islamic brand ...
On 1 December 2012 Dubai Bank was acquired by Emirates NBD. [ 3 ] [ 4 ] [ 5 ] As of 31 December 2020, total assets were DH 698 billion , deposits of AED 464 billion, a total income of AED 23.21 billion, and a net profit of AED 7 billion, making it one of the top financial institutions of the UAE , with a brand value of US$ 3.89 billion. [ 6 ]
Location of the United Arab Emirates. The United Arab Emirates is a country at the southeast end of the Arabian Peninsula on the Persian Gulf.. The economy is the second largest in the Arab world (after Saudi Arabia), with a gross domestic product (GDP) of US$570 billion (DH 2.1 trillion) in 2014.
FAB has been ranked by Global Finance as the safest bank in the UAE and the Middle East and the best bank in the UAE. [13]The Banker’s Top 1000 World Banks 2020 list, measured by Tier 1 capital, ranked FAB as number one in the UAE, second in the Middle East and 85th across the globe – in addition to ranking the bank #109 by assets in the same list.
Abu Dhabi Islamic Bank was established on 20 May 1997 as a Public Joint Stock Company through the Amiri Decree No. 9 of 1997. The Bank commenced commercial operations on 11 November 1998, and was formally inaugurated by Abdullah Bin Zayed Al Nahyan, UAE Minister of Information and Culture on 18 April 1999.
One of the key elements of the center is a privately held financial exchange that opened in September 2005 as Dubai International Financial Exchange (DIFX) but was rebranded as NASDAQ Dubai in 2008. The trading hours of NASDAQ Dubai are from 10:00 a.m. to 2:00 p.m. (6:00 a.m. to 10:00 a.m. GMT), from Sunday to Thursday. [10]