47. Commercial Bank of Dubai (CBD)

Country: U.A.E.
Sector: Banks & Financial Services
CEO: Bernd van Linder
Market Value: $5.5 billion
Sales: $2.3 billion
Profits: $722 million
Assets: $35.1 billion

Established in 1969, CBD offers conventional and Islamic banking products and services. It operates through a network of 14 branches and 167 ATMs and CDMs. The bank’s net profits jumped by 45.2% in 2023 to $722 million. In June 2023, CBD raised $500 million through its inaugural green bond issuance. The Investment Corporation of Dubai is the largest shareholder, with a 20% stake.