With a little 0.6% increase in market capitalization to $41.54 billion, the UAE’s largest bank, First Abu Dhabi Bank (FAB), moved up to third place in the Middle East and Africa area in terms of market value, surpassing rivals.
S&P Global Market Intelligence’s most recent analysis shows that the top 20 banks in the region had a combined market capitalization of $599.96 billion by the end of March, demonstrating the industry’s resilience in the face of changing economic conditions.
Other prominent UAE banks listed among the region’s top 20 financial behemoths were Dubai Islamic Bank, Abu Dhabi Commercial Bank, Abu Dhabi Islamic Bank, and Emirates NBD.
In the first quarter of 2025, the financial titans of the Middle East and Africa demonstrated durability and dynamism. Saudi Arabia’s banking behemoths maintained their hegemony, while Morocco’s Attijariwafa Bank.
The kingdom’s financial dominance in the area was further cemented as Saudi National Bank (SNB) and Al Rajhi Banking & Investment Corp. maintained their firm hold on the top two positions. But there were significant changes in the competition for the next tier. Kuwait Finance House rose to fourth place, while FAB moved up to third place, surpassing rivals with a slight 0.6% increase in market capitalization to $41.54 billion.
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