May 2026
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Largest Commercial Banking Public Companies in the UAE
Benchmark revenue and EBITDA valuation multiples for public comps like
First Abu Dhabi Bank, Emirates NBD, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank and Emirates Islamic Bank.
 | First Abu Dhabi Bank PJSC is a bank that provides extensive range of tailor-made solutions, and products and services, to provide a customized experience. The company's segment includes Investment Banking; Corporate and commercial Banking; Consumer Banking; Global markets - trading; Private Banking and Head Office. It generates maximum revenue from the Investment Banking segment. The company offers banking and financing solutions, including corporate and Islamic finance, capital markets, transaction banking, trade, liquidity and cash management services along with a broad range of risk management solutions across credit, rates, FX and money market products. | $5 | +1% | $51B | $42B | 4.2x | - | ||
| Emirates NBD PJSC provides banking services. The company's operating segment includes Corporate and Institutional Banking; Retail Banking and Wealth Management; Global Markets and Treasury activities; DenizBank and others. It generates maximum revenue from the Retail Banking and Wealth Management segment. The Retail Banking and Wealth Management segment represents retail loans and deposits, private banking and wealth management, equity broking services, asset management, and consumer financing in the UAE and Egypt. | $8 | +21% | $48B | $73B | 5.5x | - | ||
| Abu Dhabi Commercial Bank is a full-service commercial bank that operates in the United Arab Emirates. The bank's five business groups include Retail banking, Private banking, Corporate and Investment Banking, Investments and treasury, and Property management. It generates maximum revenue from the Corporate and investment banking segment. The Corporate and Investment Banking segment comprises of business banking, cash management, trade finance, corporate finance, small and medium enterprise financing, investment banking, Islamic financing, infrastructure and asset finance, and government and public enterprises. | $4 | +4% | $30B | $40B | 6.6x | - | ||
| Abu Dhabi Islamic Bank is a banking corporation based in the United Arab Emirates. It is one of the regional Islamic services groups having a presence in countries like Egypt, Iraq, Saudi Arabia, and Qatar and generates its revenues from its foreign operations. Its activities like banking, financing, and investing are the pillars of its business. The banking and financing services comprise regional banking operations such as retail banking and its investing business includes capital market operations. The company conducts its operations through retail banking, which is its main revenue generator, wholesale banking, private banking, treasury, real estate and other segments. | $6 | -5% | $20B | $22B | 6.6x | - | ||
| Emirates Islamic Bank PJSC provides full commercial and banking services and offers various products through Islamic financing and investing instruments following Islamic Sharia. The group's activities comprise three business segments: Corporate and institutional banking, Retail banking and wealth management, Treasury, and Others. Substantial revenue is generated from Retail banking and wealth management segment. | $3 | 0% | $16B | $20B | 12.4x | - | ||
| Dubai Islamic Bank PJSC is a full-service Islamic bank engaged in corporate, retail, and investment banking activities. The majority of its financing and investment arrangements are made within the United Arab Emirates, a large portion of which are in consumer financing, real estate and contracting, consumer home finance, and services and manufacturing. The company's reportable segments include; Consumer banking, Corporate banking, Treasury, Real estate development, and Others. It generates a majority of its revenue from the Consumer Banking segment which includes handling individual customer's deposits, providing consumer Murabaha, Salam, home finance, Ijarah, Credit Cards and funds transfer facilities, priority banking, and wealth management. | $2 | -18% | $15B | $20B | 5.6x | - | ||
| Mashreqbank PSC is a banking corporation that provides banking and financial services to customers and businesses. The banking firm serves in domestic markets as well as abroad, mainly with its commercial and retail banking services such as trade finance, project finance, savings and current accounts, fixed deposits, and Mashreq millionaire deposits. The business segments are Wholesale, Retail, Treasury and capital markets, Insurance, and other. The bank's entities include Mashreq Capital, Sukoon Insurance, and Mashreq's fintech and digital innovation platform focused on developing next-generation financial solutions. The group's activities are carried out through its branches in the UAE, Bahrain, Kuwait, Egypt, Hong Kong, India, Pakistan, Qatar, the UK, and the USA. | $66 | +2% | $13B | $18B | 5.2x | - | ||
| Commercial Bank of Dubai PSC is a banking firm operating in the United Arab Emirates with four segments: Institutional Banking, Corporate Banking, Personal Banking, and Trading and Other. Institutional Banking provides loans, deposits, trade finance, and e-commerce solutions to institutional clients, including government entities. Corporate Banking serves mid-sized and emerging corporates with loans, working capital, trade finance, and deposits. Personal Banking, which generates maximum revenue, offers accounts, loans, mortgages, and other credit facilities to small businesses and retail clients. Trading and Other manages the Group's balance sheet, investment portfolio, and derivatives for trading and risk management purposes. The Group operates exclusively in the United Arab Emirates. | $2 | +6% | $7B | $6B | 3.9x | - | ||
| National Bank of Ras Al-Khaimah PSC is engaged in providing retail and commercial banking services in the UAE. The bank has operating segments namely Retail Banking, Wholesale Banking, Business Banking, Head office & Others. It generates maximum revenue from the Wholesale banking segment which represents transactions with corporate bodies including government and public bodies and comprises loans, advances, deposits, and trade finance transactions of corporate customers and financial institutions. | $2 | +26% | $5B | $8B | 5.6x | - | ||
| National Bank of Fujairah PSC is a UAE-based commercial bank. It provides commercial banking products and services in the United Arab Emirates. The group conducts its activity through three segments namely, Corporate and Institutional Banking; Retail Banking; and Treasury, Asset and Liability Management and others. Its products and services include current, savings and fixed deposit, and personal, auto, home, and construction loans, as well as guarantees, overdrafts, and term lending solutions. The company's majority of the revenue is generated from the Corporate and Institutional Banking segment in which, it offers products and services including credit and trade finance products, and services to large and medium-sized corporate customers. | $1 | +32% | $4B | $4B | 5.6x | - | ||
| Sharjah Islamic Bank is engaged in providing banking activities, financing, and investing activities to corporates and individuals. The bank's activities comprise four main business segments: Government and corporate, Retail, Investment and treasury, and Hospitality, brokerage and real estate. The majority of its revenue is derived from the Government and corporate segment, in which the bank provides companies, institutions and government departments with a range of Islamic financial products and services. | $1 | +4% | $3B | $5B | 6.8x | - | ||
| Invest Bank PSC is engaged in the business of corporate and retail banking. It is a commercial bank providing a full range of financial products and services to corporates as well as retail customers. Its product suite currently covers the entire spectrum of banking products and services such as Loans and Advances, Revolving Overdraft Facility, Guarantees, Foreign Exchange, Current Accounts, and many more. The Group operates in the United Arab Emirates and Lebanon, and its segments are commercial banking, treasury and investment activities. | $0 | -- | $3B | $3B | - | - | ||
| National Bank of Umm Al-Qaiwain PSC provides banking services. The company operates in these segments: Retail and Corporate Banking, Treasury and Investments, and others. The majority of its revenue comes from the Treasury and Investments segment, which comprises dealing room-related money markets, and foreign exchange transactions with other banks and financial institutions. | $1 | +29% | $2B | $2B | 7.6x | - | ||
| United Arab Bank PJSC provides financial services. It is organized into three segments: Wholesale Banking, Retail Banking, and Treasury and capital markets. Wholesale banking handles loans and other credit facilities and deposits and current accounts for corporate and institutional customers. Retail banking handles individual customers' deposits and provides consumer-type loans, overdrafts, credit card facilities, and funds transfer facilities and Treasury and capital markets engaged in investments and interbank treasury operations including transactions for foreign exchange, derivatives, margin FX and hedging strategies Islamic banking services. | $0 | +12% | $1B | $1B | 6.7x | - | ||
| Ajman Bank PJSC provides banking products and services in the United Arab Emirates, Gulf countries, and internationally. The principal activities of the bank are to undertake banking, financing and investing activities through various Islamic financing and investment products such as Murabaha, Ijarah, Mudaraba, Musharaka, Wakala and Sukuk. Its business segments are: Consumer banking, Wholesale banking an Treasury. The majority of the company's revenue is derived from the Consumer banking segment, which comprises personal banking and priority banking where various products are offered like private customer current accounts, savings accounts, deposits, credit and debit cards, personal finance and house mortgage. | $0 | -3% | $1B | $2B | 6.3x | - | ||
| Bank of Sharjah PSC provides commercial and investment banking services. It operates through eight branches in the United Arab Emirates located in the Emirates of Sharjah, Dubai, Abu Dhabi, and the City of Al Ain. It is organized into two segments namely, Commercial Banking and Investment banking. The company provides loans and other credit facilities, deposits and current accounts for corporate, government, institutional and individual customers. It earns a majority of its revenue from commercial banking services. | $0 | -- | $997M | $2B | 5.6x | - | ||
| Median | $2 | +4% | $6B | $7B | 5.6x | - |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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