National banks in the UAE increased their investments in local stock markets by Dh4.4 billion over 12 months, reaching Dh16.1 billion by the end of May, a 37.6% surge from Dh11.7 billion in May 2023, according to the Central Bank of the UAE (CBUAE).
Foreign banks’ investments in local stock markets grew by 50%, reaching Dh300 million by the end of May, up from Dh200 million in May 2023.
National banks represented 94.9% of the Dh16.4 billion in total bank equity investments in the UAE, with foreign banks accounting for 5.1%.
Traditional banks’ investments rose to Dh14.2 billion, up 52.7% from Dh9.3 billion in May 2023. Islamic banks’ investments decreased by 15.4%, dropping to Dh2.2 billion from Dh2.6 billion in May 2023.
By the end of May 2024, Abu Dhabi banks had invested Dh11.4 billion, Dubai banks Dh2.2 billion, and banks in other emirates Dh2.8 billion.
