Seven Emirati banks were included in Forbes Middle East’s list of the 30 largest banks in the Middle East in terms of market value in 2024.
The magazine highlighted the largest banking institutions that support the region’s economies, achieve profits, and focus on customer service. The Forbes team collected data for banks listed in Arab financial markets, and classified them according to their market value as of February 23, 2024.
The list for the year 2024 includes: Banks from 7 countries in the region, where Gulf banks dominate with 26 banks, including 7 Emirati banks, with a market value of $129 billion. While Saudi Arabia acquired a third of the list with 10 banks, with a total market value of $279.5 billion, the list includes 6 banks from Qatar with a value of $73.6 billion.
The total market value of 30 banks on the list increased. 14% over the past 12 months, to reach $581.1 billion, according to market closes on February 23, 2024.
The seven banks were: “First Abu Dhabi”, “Emirates NBD”, “Abu Dhabi Commercial Bank Group”, “Dubai Islamic”, “Abu Dhabi Islamic Bank”, “Mashreq”, and “Dubai Commercial”.
