UAE Listed Banks

Banks in the UAE - 23 June 2007

The majority of the banks listed on the UAE stockmarkets are listed on ADSM (Abu Dhabi Securities Market) and are only moderately traded - many are majority owned by governments or government controlled investment institutions.

Dubai Islamic Bank (DIB) is the only bank stock that is actively traded, although ADIB, ADCB, FGB, NBAD, and UNB are usually traded on a daily basis and sometimes have bouts of significant activity. Except for ADIB, they allow foreign ownership of shares, and for long term investment they merit serious consideration - depending on the price of their shares of course.

In March 2007, there was a merger announcement from Emirates Bank and National Bank of Dubai, which would create the largest bank in the UAE (pushing National Bank of Abu Dhabi into second place). The announcement caught the Dubai Financial Market and the Emirates regulatory authority (ESCA) by surprise - NBD and EBI share trading was suspended for a day. Other UAE bank mergers are rumoured to be under consideration.

UAE bank stocks - trading notes

Abu Dhabi Commercial Bank ADCB - moderately active stock, one of the larger UAE banks, high profile retail bank.
Abu Dhabi Islamic Bank ADIB - moderately active stock, smaller bank.
Ajman Bank AJMANBANK (?) - new Islamic bank incorporated in 2008, DFM listing.
Arab Emirates Investment Bank AEIBANK - almost never trades.
Bank Of Sharjah BOS - not very actively traded, not the same as NBS (Sharjah Islamic Bank).
Commercial Bank of Dubai CBD - rarely trades.
Commercial Bank International CBI - RAK based bank, stock rarely trades.
Commercial International Bank (Egypt) CIB - stock has never traded since listing on ADSM.
Dubai Islamic Bank DIB - actively traded DFM listed stock, center of a bogus stock trading debacle in August 2005.
Emirates Bank International EBI - stocks rarely trade. One of the largest banks in the UAE, announced a merger with NBD in March 2007 which would make the combined entitly the largest bank in the UAE.
Emirates Islamic Bank EIB - shares never trade, is a subsidiary of EBI.
First Gulf Bank FGB - a large Abu Dhabi based bank, shares have moderate to active trading levels.
Gulf Finance House GFH - a Bahrain based institute listed on DFM, shares trade infrequently.
Invest Bank INVESTB - a small Sharjah based bank with little trading activity.
Mashreq Bank MASQ - a large Dubai based bank but shares rarely trade.
National Bank of Abu Dhabi NBAD - the largest bank in the UAE, shares see low to moderate trading.
National Bank of Dubai NBD - a large bank merging with EBI (announced in March 2007), shares trade infrequently.
National Bank of Fujairah NBF - shares traded infrequently.
National Bank of Umm Al Quwain NBQ - shares rarely traded.
Sharjah Islamic Bank NBS - shares traded infrequently.
National Bank of Ras Al Khaimah RAKBANK - shares rarely trade.
United Arab Bank UAB - shares almost never traded, a Sharjah based bank.
Union National Bank UNB - shares see low to moderate trading, an Abu Dhabi based bank.

CBD, DIB, EBI, EIB, GFH, MASQ, NBD are listed on the DFM. The remaining banks are listed on the ADX.

This page last updated 24-May-2008

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This page last updated 24-May-2008. E & OE.