THE MIDDLE EAST’S

20. Commercial Bank of Dubai (CBD)

Country: U.A.E.
CEO: Bernd van Linder
Market Value: $6.3 billion

CBD offers conventional and Islamic banking services to its institutional, corporate, and personal banking customers through a network of 12 branches and 160 ATMs. It employed nearly 1,200 people as of December 2024. The bank issued a $500 million five-year senior unsecured bond under its Euro medium-term note program in October 2024. The Investment Corporation of Dubai is the bank’s largest shareholder, owning a 20% stake, as of February 19, 2025. In 2024, the bank’s total assets totaled $38.2 billion.