Sign in
FAB recognized by Forbes as third-largest bank in the region: The UAE’s largest bank, First Abu Dhabi Bank (FAB), made the third spot on Forbes Middle East’s 30 Most Valuable Banks 2024 list. Boasting a USD 41.5 bn market value, FAB was ranked the third largest bank in the region after Saudi Arabia’s Saudi National Bank, and Alrajhi Bank, which took the top spot. Together, the three banks account for over 35% of the total value of the 30 banks featured on the list.
Also featuring on the list: Emirates NBD (#6), Abu Dhabi Islamic Bank (#), Abu Dhabi Commercial Bank (#11), Dubai Islamic Bank (#14), our friends at Mashreq (#17), and Commercial Bank of Dubai (#26). The aggregate market value of the Emirati banks on the list is USD 128.7 bn.
The Abu Dhabi Global Market claimed the title of “most trusted financial center brand” in the Middle East at the 2024 Global Brand Awards in England by Global Brands Magazine (GBM), according to a statement. GBM evaluated various criteria including customer trust, innovation, and brand value.
