Forbes Middle East recently released their list of the 30 largest banks in the Middle East for 2024, focusing on market value. Seven Emirati banks were included in this prestigious list, showcasing their significant contribution to the region’s economies. The magazine highlighted the importance of these banking institutions in achieving profits and prioritizing customer service.
The list for 2024 includes banks from seven countries in the region, with Gulf banks dominating the list with 26 banks, including the seven Emirati banks mentioned earlier. Saudi Arabia also had a strong presence on the list with 10 banks, totaling a market value of $279.5 billion. The total market value of the 30 banks on the list increased by 14% over the past year, reaching $581.1 billion by February 23, 2024.
Seven Emirati banks that made it to the list were: “First Abu Dhabi”, “Emirates NBD”, “Abu Dhabi Commercial Bank Group”, “Dubai Islamic”, “Abu Dhabi Islamic Bank”, “Mashreq”, and “Dubai Commercial”. Each of these banks plays a significant role in the region’s financial landscape and contributes to its economic growth.
The Forbes Middle East list for 2024 highlights the importance of
