Principal Activities
Provides commercial banking services including deposits, loans and credit cards; asset management including wealth and portfolio management.
Date of Establishment Year
2007 (July)
No of Employees
N/A Company, 8,324 Group (As of Oct 28, 2011)
|
Acquistion
Status
Rumored
Acquirer
Target
Announcement Date
19 Dec 2011
Closing Date
19 Dec 2011
|
Major Shareholders  |
Section Updated: 14Sep11
|
|
|
|
|
|
|
Investment Corporation of Dubai
|
Government |
UAE |
55.64% |
|
Jumaa Al Majed Abdullah
|
Private |
UAE |
5.33% |
|
Public
|
|
- |
39.03% |
Foreign Ownership Limits
Section Updated: 11Feb09
96%
Nationals
2%
GCC Nationals
0%
Other Arabs
2%
Foreigners
5%
GCC Nationals
5%
Foreigners
|
| Financial Results |
31-Dec-09 |
31-Dec-10 |
Yr on Yr |
| |
AED'000 |
AED'000 |
change (%) |
Total revenues  |
14,983,889
|
13,051,175
|
(12.90) |
Net profit  |
3,345,836
|
2,339,508
|
(30.08) |
| Total assets |
281,576,482
|
286,215,888
|
1.65 |
| Paid-up capital |
5,557,775
|
5,557,775
|
0.00 |
| Shareholders' Equity |
31,876,499
|
33,655,770
|
5.58 |
| Shares outstanding |
5,557,775
|
5,557,775
|
(0.00) |
| Market capitalization |
16,395,436
|
15,339,458
|
(6.44) |
| Note: Current shares outstanding is 5,557,775,000 |
| » View Full Financials |
|