National Bank of Fujairah (NBF)
Sector: Banks & Financial Services
Date of Establishment: 1982
Market Value: $2.6 billion
NBF has 15 branches and three subsidiaries under its umbrella: NBF Financial Services FZC, NBF Capital Ltd, DIFC, and NBF Markets (Cayman) Ltd. In 2020, it partnered with Ripple, an enterprise blockchain company for cross-border money transfers. The government of Fujairah owns 40.8% of the bank, making it the largest shareholder. The Easa Saleh Al Gurg Company owns over 21.5%. In March 2020, NBF appointed Raja Al Gurg, Vice Chairperson and Managing Director of the Easa Saleh Al Gurg Group, as Deputy Chairperson of NBF.