THE MIDDLE EAST’S
27. Abu Dhabi Islamic Bank (ADIB)
Country: U.A.E.
Sector: Banks & Financial Services
Acting Group CEO: Mohammed Abdelbary
Market Value: $11.1 billion
Sales: $3.4 billion
Profits: $1.4 billion
Assets: $52.5 billion
ADIB provides retail, corporate, business, private banking, and wealth management solutions to over 1.3 million customers. Headquartered in the U.A.E., ADIB has an international presence in six markets, including Egypt, Saudi Arabia, the U.K., Sudan, Qatar, and Iraq. In 2023, ADIB recorded $52.5 billion in total assets, with net profits of $1.4 billion, an increase of 45.1%. In July 2023, it raised $750 million in a USD-denominated tier-one perpetual sukuk. In February 2024, ADIB announced that its financing program for electric cars, “Volt,” had recorded over 600 new auto finance bookings since its launch in September 2023.