Sector: Banks & Financial Services
Group CEO: Nasser Al Awadhi
Market Value: $11.2 billion
ADIB provides banking services to a million customers. It has 146 branches and employs 5,000 people across the U.A.E., Egypt, Saudi Arabia, Qatar, Sudan, Iraq, and the U.K. In January 2023, ADIB acquired 9.6 million shares in ADIB Egypt from the National Investment Bank, bringing its ownership to 52.6%. The bank has facilitated $1.7 billion in sustainable project financing and saved five million sheets of paper in 2022 through its ongoing Al Ghaf paperless program. The Emirates International Investment Company holds 39.4% of ADIB’s shares.