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Dubai is home to several prominent finance companies across various sectors like investment banking, asset management, and wealth management.On the other hand, finance companies offer customised plans and quick loan approvals. Hence, they are a convenient alternative to banks. In UAE, where expatriates form 89% of the population, these companies have a higher demand. So, in this blog post, we will look at the best finance companies in UAE.
Emirates NBD
Emirates NBD is one of the largest and most prominent banking groups in the UAE and the Middle East.Emirates NBD offers a comprehensive range of personal banking products, including savings and current accounts, credit cards, home loans, personal loans, and car loans.The bank provides a wide range of services for businesses, including working capital financing, trade finance, business loans, and cash management solutions.
Overview of Emirates NBD
Founded: 1963 (originally as National Bank of Dubai)
Headquarters: Dubai, UAE
Ownership: Emirates NBD is a publicly listed company, with the government of Dubai being the largest shareholder.
Market Position: It is one of the largest banking groups in the UAE in terms of assets, and it is also a key player in the Middle Eastern banking sector.
Dubai Islamic Bank (DIB)
Dubai Islamic Bank (DIB) is the largest Islamic bank in the UAE and one of the leading providers of Sharia-compliant financial services in the region. It offers a comprehensive range of personal banking products, including savings and current accounts, credit cards, home loans, personal loans, and car loans.
Overview of Dubai Islamic Bank (DIB)
Founded: 1975
Headquarters: Dubai, UAE
Ownership: DIB is a publicly traded company listed on the Dubai Financial Market, with the government of Dubai being one of its key stakeholders.
Market Position: It is recognized as the largest Islamic bank in the UAE and a pioneer in Islamic banking.
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Mashreq Bank
Mashreq Bank is one of the oldest and most well-established banks in the UAE, with a strong presence across the Middle East. It offers a wide range of banking services and has earned a reputation for innovation in financial products and services. It offers a comprehensive range of personal banking products, including savings and current accounts.
Overview of Mashreq Bank.
Founded: 1967
Headquarters: Dubai, UAE
Ownership: Mashreq is a publicly traded bank on the Dubai Financial Market, with significant ownership by institutional and retail investors.
Market Position: Mashreq is among the leading banks in the UAE and is known for its strong international presence, with branches in countries like the U.S., UK, Qatar, Kuwait, and Egypt.
Shuaa Capital.
Shuaa Capital is a leading investment bank based in the UAE, with a focus on asset management, investment banking, and private equity. It’s known for its strong presence in the MENA (Middle East and North Africa) region, particularly in the UAE. It offers a wide range of banking services and has earned a reputation for innovation in financial products and services.
Overview of Shuaa Capital
Founded: 1979
Headquarters: Dubai, UAE
Ownership: Shuaa Capital is a publicly traded company listed on the Dubai Financial Market (DFM).
Market Position: It is one of the top investment firms in the region, serving a diverse range of clients, including institutional investors, private clients, and corporations.
Dubai Financial Market (DFM)
The Dubai Financial Market (DFM) is a major stock exchange in the UAE and a key player in the Middle Eastern financial markets. It provides a platform for the trading of securities and plays an important role in the UAE’s economic development.
Overview of Dubai Financial Market (DFM)
Founded: 2000
Headquarters: Dubai, UAE
Ownership: DFM is a publicly listed company, with the Dubai government being a significant shareholder. It is listed on the DFM itself.
Market Position: DFM is one of the leading stock exchanges in the MENA region, alongside the Abu Dhabi Securities Exchange (ADX). It’s also one of the first exchanges in the region to implement electronic trading