Sector: Banks & Financial Services
Market Value: $11 billion
DIB is one of the largest Islamic banks in the Middle East, with more than five million customers globally and over 10,000 employees. In 2022, DIB’s net profit grew by 26% to reach $1.5 billion, marking the highest net income in its history. In February 2023, DIB issued a $1 billion sustainable sukuk, following the issuance of a $750 million sustainable sukuk in November 2022. In January 2023, DIB launched Islamic auto financing for Tesla customers in the U.A.E. DIB acquired Noor Bank in a share swap deal in 2020. The Investment Corporation Of Dubai is DIB’s largest shareholder, with a 28% stake.