Sector: Banks & financial services
Market Value: $12.3 billion
DIB is one of the world’s largest Islamic banks. In February 2022, DIB became a member of UAE Trade Connect, a commercialized blockchain platform co-created by Etisalat Digital, several banks in the U.A.E., and Avanza Innovations. DIB announced in August 2021 that it is increasing its foreign ownership limit from 25% to 40%. The Investment Corporation Of Dubai is the biggest shareholder in DIB, holding 28%.