Coming into existence on the 16th of October, 2007, Emirates NBD was formed as a result of the merger between two strong players in the United Arab Emirates (UAE) banking sector.
Image: company website
To leverage on their core competencies and competitive advantages, the merger of National Bank of Dubai (NBD) and Emirates Bank International (EBI), which were the then fourth and the second largest banks in UAE, gave rise to what is today known as Emirates NBD. The merger has since then become a benchmark.
It led to the formation of an industry leader – one specializing in retail, corporate, private, Islamic and investment banking across the geography. Listed on the Dubai Financial Market (DFM) on the 16th of October, 2007, Emirates NBD is currently one of the largest banks in the Middle East in terms of the assets it possesses. It also tops the charts when it comes to rankings based on Market Capitalization in the banks sector, or in fact even across the sectors among the companies listed on the DFM. It has a paid-up capital of over 5.5 billion Dirhams (AED).
Apart from UAE and Middle East (Egypt and Saudi Arabia), the company also operates in UK and Singapore, and has opened its representative offices in India, Indonesia and China to help entities from these countries get access to Dubai’s financial markets. While Emirates NBD’s performance, customer satisfaction and business growth need no certification, it has received a horde of awards testifying its position – Euromoney awards for Excellence, Best Mobile Payment of the year (by Asian Bankers) and also grabbing most of the awards at Banker Middle East Industry 2016. Emirates NBD has also tried to give back to the society with its CSR activities in areas of education, charity, sports and art, proving its dedication to the economic and social welfare of the society.
Market Capitalization [in AED 000's]: 41127535
Income (AED Million): 15,228.00
Total Profit (AED Million): 7,123.03
The top 15 companies in Dubai were selected and three parameters were chosen. Market Cap was given 0.4, Income was given 0.25 and Profit was given 0.35 weightages. Based on this a final score was calculated and the rank wise list was formed