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CBD was founded in 1969, by an Amiri Decree issued by the late Rashid Bin Saeed Al Maktoum.What started out as a joint venture of Commerzbank, Chase Manhattan Bank and Commercial Bank of Kuwait, evolved into a National Public shareholding company by 1982. 80% of its shares are held by UAE nationals, while the other 20% are owned by Investment Corporation of Dubai (an investment division of the ...
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
Abu Dhabi Commercial Bank: Abu Dhabi 9.9 2.2 161.9 16.7 Banking 7 720 Emaar Properties: Dubai 7.8 3.1 38.9 18.2 Real estate: 8 900 Dubai Islamic Bank: Dubai 5.4 1.7 85.6 10.9 Banking 9 927 Mashreq: Dubai 5.2 2.3 65.3 10.3 Banking 10 1002 Abu Dhabi Islamic Bank: Abu Dhabi 3.9 1.4 53.0 11.8 Banking 11 1334 Borouge: Abu Dhabi 5.7 1.1 9.2 20.0 ...
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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$570 billion (DH 2.1 trillion) in 2014.
ADCB is the third-largest bank in the UAE in terms of balance sheet size and offers a range of commercial and retail banking services to its customers. As of 30 September 2018, it employs over 5000 people serving retail and corporate clients. Aside from 56 branches in the UAE, it had 1 branch in Jersey until October 2020. [2]
On 1 December 2012 Dubai Bank was acquired by Emirates NBD. [ 3 ] [ 4 ] [ 5 ] As of 31 December 2020, total assets were DH 698 billion , deposits of AED 464 billion, a total income of AED 23.21 billion, and a net profit of AED 7 billion, making it one of the top financial institutions of the UAE , with a brand value of US$ 3.89 billion. [ 6 ]