The U.A.E.’s largest bank in terms of market cap and assets, FAB had a presence in 20 markets and a customer base of more than three million in the U.A.E. in 2023. FAB recorded $4.5 billion in net profit in 2023, a 23% increase from 2022. It also issued a $1 billion USD-denominated Tier 2 bond in October 2023. FAB has committed to providing over $135 billion in green finance by 2030, an 80% increase compared to its 2021 commitment of $75 billion.